Key person vs life insurance agent

The differences between key people 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 $37,976 average annual salary of a key person.

The top three skills for a key person include customer service, guest service and casino floor. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.

Key person vs life insurance agent overview

	Key Person	Life Insurance Agent
Yearly salary	$37,976	$62,552
Hourly rate	$18.26	$30.07
Growth rate	-6%	6%
Number of jobs	40,125	68,781
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 53%
Average age	47	46
Years of experience	-	-

Key person vs life insurance agent salary

Key people and life insurance agents have different pay scales, as shown below.

	Key Person	Life Insurance Agent
Average salary	$37,976	$62,552
Salary range	Between $25,000 And $57,000	Between $39,000 And $99,000
Highest paying City	-	Anchorage, AK
Highest paying state	-	Alaska
Best paying company	-	AIG
Best paying industry	-	Insurance

Differences between key person and life insurance agent education

There are a few differences between a key person and a life insurance agent in terms of educational background:

	Key Person	Life Insurance Agent
Most common degree	Bachelor's Degree, 34%	Bachelor's Degree, 53%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Key person vs life insurance agent demographics

Here are the differences between key people' and life insurance agents' demographics:

	Key Person	Life Insurance Agent
Average age	47	46
Gender ratio	Male, 48.7% Female, 51.3%	Male, 53.7% Female, 46.3%
Race ratio	Black or African American, 11.8% Unknown, 4.9% Hispanic or Latino, 10.0% Asian, 8.7% White, 61.4% American Indian and Alaska Native, 3.1%	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%

Differences between key person and life insurance agent duties and responsibilities

Key person example responsibilities.

Access electronic and paper cataloging systems to look up product information and availability.
Redeem TITO tickets using cash redemption scanner.
Carry out customer's groceries, bag groceries, do various janitorial tasks that keep the store operating smoothly, stock groceries

Life insurance agent example responsibilities.

Used consultative upselling techniques to provide leads
License in state of VA to sell life insurance, annuities, disability income, Medicare supplements, and LTC.
Use of a variety of tools to help employers compile the best possible life insurance or annuity packages to retain employees.
Market life insurance and annuity products
Maintain knowledge of states insurance laws and HIPPA compliance.
Examine doors, windows and gates to ensure that they are secure.

Key person vs life insurance agent skills

Common key person skills

Customer Service, 35%
Guest Service, 8%
Casino Floor, 7%
Customer Complaints, 6%
Payroll, 6%
Bank Deposits, 5%

Common life insurance agent skills

Health Insurance, 24%
Life Insurance License, 16%
Life Insurance Sales, 14%
Work Ethic, 10%
Lead Generation, 8%
Develop Leads, 5%