Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between insurance advisers and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance adviser has an average salary of $66,816, which is higher than the $37,864 average annual salary of an agent.
The top three skills for an insurance adviser include insurance sales, insurance options and annuities. The most important skills for an agent are insurance products, customer service, and life insurance.
| Insurance Adviser | Agent | |
| Yearly salary | $66,816 | $37,864 |
| Hourly rate | $32.12 | $18.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 47,713 | 184,325 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 44% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Insurance advisers are professionals who represent an insurance company to sell insurance products to clients and earn commission on each policy that they sell. These advisers are required to align the company's insurance policies to the financial needs of each individual so that they can sell the maximum number of policies. They must oversee whether correct information is provided by their clients while explaining to them the relevance of the different parts of the proposal form. Insurance advisers must also help their clients get their claim settlements by showing them the correct process and completing the required documents.
Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.
Insurance advisers and agents have different pay scales, as shown below.
| Insurance Adviser | Agent | |
| Average salary | $66,816 | $37,864 |
| Salary range | Between $43,000 And $103,000 | Between $19,000 And $72,000 |
| Highest paying City | Madison, WI | New York, NY |
| Highest paying state | Wisconsin | New York |
| Best paying company | Salesforce | Latham & Watkins |
| Best paying industry | - | - |
There are a few differences between an insurance adviser and an agent in terms of educational background:
| Insurance Adviser | Agent | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance advisers' and agents' demographics:
| Insurance Adviser | Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 50.5% Female, 49.5% |
| Race ratio | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |