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The differences between insurance consultants and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance consultant has an average salary of $68,670, which is higher than the $49,934 average annual salary of a health insurance agent.
The top three skills for an insurance consultant include insurance products, powerpoint and term care. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.
| Insurance Consultant | Health Insurance Agent | |
| Yearly salary | $68,670 | $49,934 |
| Hourly rate | $33.01 | $24.01 |
| Growth rate | 6% | 6% |
| Number of jobs | 42,383 | 112,235 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | - | - |
An insurance consultant works at insurance companies where they are primarily in charge of reviewing and assessing client requirements to match them with the insurance package that fits their needs and financial capabilities. It is also their responsibility to verify client information, conduct research and analyses, perform risk assessments, issue insurance quotations, and process insurance claims. An insurance consultant also assists clients by answering inquiries, helping them understand every procedure, recommending options, and solving issues and concerns should there be any.
Health Insurance Agents are salespeople whose primary product is health insurance. Insurance companies hire them to reach sales targets. They are trained to sell insurance to individuals or groups of people. They are expected to be familiar with all the products of the company. Health Insurance Agents should assess their clients' needs and recommend the best health insurance product that fits their needs. They should be able to explain the product's features and answer any inquiries that the clients may have. Health Insurance Agents should also know how to compute insurance premiums and estimate payouts.
Insurance consultants and health insurance agents have different pay scales, as shown below.
| Insurance Consultant | Health Insurance Agent | |
| Average salary | $68,670 | $49,934 |
| Salary range | Between $44,000 And $105,000 | Between $34,000 And $72,000 |
| Highest paying City | Seattle, WA | Tacoma, WA |
| Highest paying state | Washington | Alaska |
| Best paying company | AIG | DialAmerica |
| Best paying industry | Media | Finance |
There are a few differences between an insurance consultant and a health insurance agent in terms of educational background:
| Insurance Consultant | Health Insurance Agent | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance consultants' and health insurance agents' demographics:
| Insurance Consultant | Health Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.4% Female, 45.6% | Male, 43.5% Female, 56.5% |
| Race ratio | 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% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.5% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |