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Lead agent vs licensed insurance producer

The differences between lead agents and licensed insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed insurance producer has an average salary of $66,026, which is higher than the $47,344 average annual salary of a lead agent.

The top three skills for a lead agent include inbound calls, customer care and customer service. The most important skills for a licensed insurance producer are work ethic, lead generation, and annuities.

Lead agent vs licensed insurance producer overview

Lead AgentLicensed Insurance Producer
Yearly salary$47,344$66,026
Hourly rate$22.76$31.74
Growth rate6%6%
Number of jobs56,11254,872
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 57%
Average age4646
Years of experience--

What does a lead agent do?

Lead agents assist with passenger-cargo acceptance and check-in and promote and sell air travel tickets to freight forwarders or the traveling public. Besides promoting safe travel and protecting the firm revenue and property, lead agents also assist distressed traveling customers. Also, lead agents interpret government rules to be observed for travel and cargo shipments. These professionals meet and dispatch aircraft within the required times and use their motor skills to complete related tasks.

What does a licensed insurance producer do?

An Insurance producer, also called an insurance agent that promotes and sells insurance benefits and packages to clients. This includes life insurance, property, and health insurance that is offered by not only one company. They are responsible for promoting customer service and creates a good relationship between the company and the insurer. They also serve as a point of a contract if there are insurers that need someone who can assist them with what particular package they can get.

Lead agent vs licensed insurance producer salary

Lead agents and licensed insurance producers have different pay scales, as shown below.

Lead AgentLicensed Insurance Producer
Average salary$47,344$66,026
Salary rangeBetween $26,000 And $85,000Between $44,000 And $97,000
Highest paying City-Washington, DC
Highest paying state-Washington
Best paying company-Berkshire Hathaway
Best paying industry-Finance

Differences between lead agent and licensed insurance producer education

There are a few differences between a lead agent and a licensed insurance producer in terms of educational background:

Lead AgentLicensed Insurance Producer
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 57%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Lead agent vs licensed insurance producer demographics

Here are the differences between lead agents' and licensed insurance producers' demographics:

Lead AgentLicensed Insurance Producer
Average age4646
Gender ratioMale, 54.8% Female, 45.2%Male, 39.2% Female, 60.8%
Race ratioBlack 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%Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between lead agent and licensed insurance producer duties and responsibilities

Lead agent example responsibilities.

  • Manage for multiple medical clients performing tasks such as medical billing, submitting insurance and verifying insurance including Medicare and Medicaid.
  • Line list development and route selection assistance through on-site and GIS review ensuring all landowners and property lines are identify.
  • Obtain current landowner and contact information from various courthouses and states in order to assist in FERC mandate maintenance operations.
  • Train new employees and troubleshoot Apollo computersystem.Onsite at Hewlett Packard/Agilent
  • Manage for multiple medical clients performing tasks such as medical billing, submitting insurance and verifying insurance including Medicare and Medicaid.
  • Conduct presentations regarding all policy information offer through AFLAC

Licensed insurance producer example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Present AFLAC benefits packages to various company owners and employees.
  • Educate customers on products such as property-casualty, life, accident-health, and annuities.
  • Contact businesses to attempt to establish an AFLAC account as part of their benefits package.
  • Provide information on life and health insurance, medicare supplements, annuities , 401K rollovers and IRA's.
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • Show more

Lead agent vs licensed insurance producer skills

Common lead agent skills
  • Inbound Calls, 28%
  • Customer Care, 15%
  • Customer Service, 7%
  • Outbound Calls, 4%
  • Computer System, 4%
  • VIP, 3%
Common licensed insurance producer skills
  • Work Ethic, 51%
  • Lead Generation, 13%
  • Annuities, 8%
  • Customer Service, 6%
  • Insurance Sales, 6%
  • Auto Insurance, 3%