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The differences between insurance underwriters, sales and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a health insurance agent has an average salary of $49,934, which is higher than the $40,226 average annual salary of an insurance underwriter, sales.
The top three skills for an insurance underwriter, sales include lead generation, financial services and customer service. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.
| Insurance Underwriter, Sales | Health Insurance Agent | |
| Yearly salary | $40,226 | $49,934 |
| Hourly rate | $19.34 | $24.01 |
| Growth rate | 6% | 6% |
| Number of jobs | 50,699 | 112,235 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A sales insurance underwriter evaluates new or renewal applications in turn for insurance coverage for companies and individuals. Insurance underwriters analyze insurance proposal risks and identify policy terms. They perform calculations on premiums based on statistical, background, and actuarial information. Several insurance businesses and companies operate graduate schemes that offer to underwrite. Among the necessary skills for this job include communication, decision making, and detail orientation.
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 underwriters, sales and health insurance agents have different pay scales, as shown below.
| Insurance Underwriter, Sales | Health Insurance Agent | |
| Average salary | $40,226 | $49,934 |
| Salary range | Between $28,000 And $56,000 | Between $34,000 And $72,000 |
| Highest paying City | Los Angeles, CA | Tacoma, WA |
| Highest paying state | Wisconsin | Alaska |
| Best paying company | New York Life Insurance | DialAmerica |
| Best paying industry | Insurance | Finance |
There are a few differences between an insurance underwriter, sales and a health insurance agent in terms of educational background:
| Insurance Underwriter, Sales | Health Insurance Agent | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance underwriters, sales' and health insurance agents' demographics:
| Insurance Underwriter, Sales | Health Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 43.5% Female, 56.5% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.1% 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% |