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The differences between insurance sales agents and life insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a life insurance agent has an average salary of $62,552, which is higher than the $49,587 average annual salary of an insurance sales agent.
The top three skills for an insurance sales agent include customer service, casualty insurance and work ethic. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.
| Insurance Sales Agent | Life Insurance Agent | |
| Yearly salary | $49,587 | $62,552 |
| Hourly rate | $23.84 | $30.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 73,485 | 68,781 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
An insurance sales agent is an individual who helps an insurance company generate new business by contacting customers and selling one or more types of insurance. Insurance sales agents conduct interviews of prospective clients to get data about their financial resources and explain the features of the various insurance policies. They analyze the clients' existing insurance policies and customize insurance programs to suit their needs. Insurance sales agents also do other administrative tasks, such as keeping records and handling policy renewals.
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 sales agents and life insurance agents have different pay scales, as shown below.
| Insurance Sales Agent | Life Insurance Agent | |
| Average salary | $49,587 | $62,552 |
| Salary range | Between $30,000 And $80,000 | Between $39,000 And $99,000 |
| Highest paying City | New York, NY | Anchorage, AK |
| Highest paying state | Hawaii | Alaska |
| Best paying company | Torchmark | AIG |
| Best paying industry | Finance | Insurance |
There are a few differences between an insurance sales agent and a life insurance agent in terms of educational background:
| Insurance Sales Agent | Life Insurance Agent | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance sales agents' and life insurance agents' demographics:
| Insurance Sales Agent | Life Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 51.5% Female, 48.5% | 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, 65.8% 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% |