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The differences between insurance advisers and life insurance 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 $62,552 average annual salary of a life insurance agent.
The top three skills for an insurance adviser include insurance sales, insurance options and annuities. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.
| Insurance Adviser | Life Insurance Agent | |
| Yearly salary | $66,816 | $62,552 |
| Hourly rate | $32.12 | $30.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 47,713 | 68,781 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 53% |
| 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.
A life insurance agent is responsible for offering life insurance services for clients according to their needs and qualifications. Life insurance agents handle insurance claims of the beneficiaries, ensuring the accuracy of documents and account statements for verification. They also discuss possible options and alternatives, as well as considering the clients' long-term financial goals and objectives. A life insurance agent must be well-knowledgeable of the insurance services offered by the company, discussing policies and coverage to suit the clients' best interests.
Insurance advisers and life insurance agents have different pay scales, as shown below.
| Insurance Adviser | Life Insurance Agent | |
| Average salary | $66,816 | $62,552 |
| Salary range | Between $43,000 And $103,000 | Between $39,000 And $99,000 |
| Highest paying City | Madison, WI | Anchorage, AK |
| Highest paying state | Wisconsin | Alaska |
| Best paying company | Salesforce | AIG |
| Best paying industry | - | Insurance |
There are a few differences between an insurance adviser and a life insurance agent in terms of educational background:
| Insurance Adviser | Life Insurance Agent | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance advisers' and life insurance agents' demographics:
| Insurance Adviser | Life Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 53.7% Female, 46.3% |
| 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, 9.4% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |