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The differences between insurance underwriters, sales and licensed sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance underwriter, sales has an average salary of $40,226, which is higher than the $38,353 average annual salary of a licensed sales producer.
The top three skills for an insurance underwriter, sales include lead generation, financial services and customer service. The most important skills for a licensed sales producer are customer service, financial products, and life insurance.
| Insurance Underwriter, Sales | Licensed Sales Producer | |
| Yearly salary | $40,226 | $38,353 |
| Hourly rate | $19.34 | $18.44 |
| Growth rate | 6% | 6% |
| Number of jobs | 50,699 | 40,137 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 54% |
| Average age | 46 | 46 |
| Years of experience | - | - |
Insurance underwriters, sales and licensed sales producers have different pay scales, as shown below.
| Insurance Underwriter, Sales | Licensed Sales Producer | |
| Average salary | $40,226 | $38,353 |
| Salary range | Between $28,000 And $56,000 | Between $28,000 And $52,000 |
| Highest paying City | Los Angeles, CA | Madison, WI |
| Highest paying state | Wisconsin | Wisconsin |
| Best paying company | New York Life Insurance | Oracle |
| Best paying industry | Insurance | Manufacturing |
There are a few differences between an insurance underwriter, sales and a licensed sales producer in terms of educational background:
| Insurance Underwriter, Sales | Licensed Sales Producer | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between insurance underwriters, sales' and licensed sales producers' demographics:
| Insurance Underwriter, Sales | Licensed Sales Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 39.2% Female, 60.8% |
| 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, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |