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The differences between insurance consultants and sales producers 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 $51,287 average annual salary of a sales producer.
The top three skills for an insurance consultant include insurance products, powerpoint and term care. The most important skills for a sales producer are insurance products, strong work ethic, and business relationships.
| Insurance Consultant | Sales Producer | |
| Yearly salary | $68,670 | $51,287 |
| Hourly rate | $33.01 | $24.66 |
| Growth rate | 6% | 6% |
| Number of jobs | 42,383 | 41,951 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 60% |
| 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.
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 consultants and sales producers have different pay scales, as shown below.
| Insurance Consultant | Sales Producer | |
| Average salary | $68,670 | $51,287 |
| Salary range | Between $44,000 And $105,000 | Between $24,000 And $107,000 |
| Highest paying City | Seattle, WA | Arlington, MA |
| Highest paying state | Washington | Massachusetts |
| Best paying company | AIG | Cochrane & Company |
| Best paying industry | Media | - |
There are a few differences between an insurance consultant and a sales producer in terms of educational background:
| Insurance Consultant | Sales Producer | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance consultants' and sales producers' demographics:
| Insurance Consultant | Sales Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.4% Female, 45.6% | Male, 53.2% Female, 46.8% |
| 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, 9.5% 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% |