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The differences between licensed insurance agents and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed insurance agent has an average salary of $54,118, which is higher than the $49,934 average annual salary of a health insurance agent.
The top three skills for a licensed insurance agent include excellent time management, work ethic and strong customer service. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.
| Licensed Insurance Agent | Health Insurance Agent | |
| Yearly salary | $54,118 | $49,934 |
| Hourly rate | $26.02 | $24.01 |
| Growth rate | 6% | 6% |
| Number of jobs | 78,016 | 112,235 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A licensed insurance agent is primarily responsible for finding and utilizing opportunities to secure insurance sales. Moreover, a licensed insurance agent must reach out to potential clients, discuss and negotiate terms, respond to inquiries, and perform various assessments to determine their ability to uphold financial obligations. Besides building a client base, they also need to handle current policies, process renewals, monitor claims, maintain an accurate record of transactions, prepare progress reports and strategies, and distribute policy proceeds according to the company rules and regulations.
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.
Licensed insurance agents and health insurance agents have different pay scales, as shown below.
| Licensed Insurance Agent | Health Insurance Agent | |
| Average salary | $54,118 | $49,934 |
| Salary range | Between $32,000 And $88,000 | Between $34,000 And $72,000 |
| Highest paying City | Washington, DC | Tacoma, WA |
| Highest paying state | Hawaii | Alaska |
| Best paying company | Torchmark | DialAmerica |
| Best paying industry | Finance | Finance |
There are a few differences between a licensed insurance agent and a health insurance agent in terms of educational background:
| Licensed Insurance Agent | Health Insurance Agent | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between licensed insurance agents' and health insurance agents' demographics:
| Licensed Insurance Agent | Health Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 39.0% Female, 61.0% | Male, 43.5% Female, 56.5% |
| Race ratio | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.9% White, 66.5% 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% |