What Does an Insurance Agent Do?

In this section, we take a look at the annual salaries of other professions. Take licensed sales producer for example. On average, the licensed sales producers annual salary is $13,583 lower than what insurance agents make on average every year.

While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both insurance agents and licensed sales producers positions are skilled in customer service, insurance sales, and health insurance.

As far as similarities go, this is where it ends because an insurance agent responsibility requires skills such as "life insurance products," "auto insurance," "develop contacts," and "house training." Whereas a licensed sales producer is skilled in "life insurance," "customer relationships," "processing payments," and "schedule appointments." So if you're looking for what truly separates the two careers, you've found it.

Licensed sales producers receive the highest salaries in the manufacturing industry coming in with an average yearly salary of $39,583. But insurance agents are paid more in the finance industry with an average salary of $49,448.

The education levels that licensed sales producers earn is a bit different than that of insurance agents. In particular, licensed sales producers are 2.1% less likely to graduate with a Master's Degree than an insurance agent. Additionally, they're 0.2% less likely to earn a Doctoral Degree.

Next up, we have the sales producer profession to look over. This career brings along a lower average salary when compared to an insurance agent annual salary. In fact, sales producers salary difference is $649 lower than the salary of insurance agents per year.

While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both insurance agents and sales producers are known to have skills such as "customer service," "insurance sales," and "health insurance. "

But both careers also use different skills, according to real insurance agent resumes. While insurance agent responsibilities can utilize skills like "life insurance products," "develop contacts," "house training," and "field development," some sales producers use skills like "insurance products," "strong work ethic," "business relationships," and "cross-selling."

In general, sales producers study at similar levels of education than insurance agents. They're 1.1% less likely to obtain a Master's Degree while being 0.2% less likely to earn a Doctoral Degree.

The agent assistant profession generally makes a lower amount of money when compared to the average salary of insurance agents. The difference in salaries is agent assistants making $14,532 lower than insurance agents.

Using insurance agents and agent assistants resumes, we found that both professions have similar skills such as "customer service," "health insurance," and "auto insurance," but the other skills required are very different.

Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from insurance agent resumes include skills like "insurance sales," "life insurance products," "financial resources," and "develop contacts," whereas an agent assistant might be skilled in "life insurance," "insurance policies," "scheduling appointments," and "roadside assistance. "

Agent assistants make a very good living in the real estate industry with an average annual salary of $42,564. Whereas insurance agents are paid the highest salary in the finance industry with the average being $49,448.

When it comes to education, agent assistants tend to earn similar education levels than insurance agents. In fact, they're 2.0% less likely to earn a Master's Degree, and 0.4% less likely to graduate with a Doctoral Degree.

Direct sales agents tend to earn a higher pay than insurance agents by about $5,776 per year.

While both insurance agents and direct sales agents complete day-to-day tasks using similar skills like customer service, health insurance, and casualty insurance, the two careers also vary in other skills.

Even though a few skill sets overlap, there are some differences that are important to note. For one, an insurance agent might have more use for skills like "insurance sales," "life insurance products," "financial resources," and "auto insurance." Meanwhile, some direct sales agents might include skills like "medicare," "direct sales," "underwriting process," and "sales tools" on their resume.

Direct sales agents reach similar levels of education when compared to insurance agents. The difference is that they're 1.3% more likely to earn a Master's Degree less, and 0.2% less likely to graduate with a Doctoral Degree.