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The differences between insurance advisers and sales producers 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 $51,287 average annual salary of a sales producer.
The top three skills for an insurance adviser include insurance sales, insurance options and annuities. The most important skills for a sales producer are insurance products, strong work ethic, and business relationships.
| Insurance Adviser | Sales Producer | |
| Yearly salary | $66,816 | $51,287 |
| Hourly rate | $32.12 | $24.66 |
| Growth rate | 6% | 6% |
| Number of jobs | 47,713 | 41,951 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 60% |
| 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 sales producer is responsible for performing sales calls and administering all leads. You will be responsible for preparing the policies aimed at sales procedures and developing the necessary sales documents. Other responsibilities include making sure that all sales personnel adhere to all policies and procedures, coordinating with customers about policy expiration dates, and maintaining strong and long-lasting relationships with customers. As a sales producer, you will be responsible for managing prospective sale campaigns and managing all correspondence with both prospective and existing clients.
Insurance advisers and sales producers have different pay scales, as shown below.
| Insurance Adviser | Sales Producer | |
| Average salary | $66,816 | $51,287 |
| Salary range | Between $43,000 And $103,000 | Between $24,000 And $107,000 |
| Highest paying City | Madison, WI | Arlington, MA |
| Highest paying state | Wisconsin | Massachusetts |
| Best paying company | Salesforce | Cochrane & Company |
| Best paying industry | - | - |
There are a few differences between an insurance adviser and a sales producer in terms of educational background:
| Insurance Adviser | Sales Producer | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance advisers' and sales producers' demographics:
| Insurance Adviser | Sales Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 53.2% Female, 46.8% |
| 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, 9.5% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |