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The differences between licensed insurance agents and lead 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 $47,344 average annual salary of a lead 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 lead agent are inbound calls, customer care, and customer service.
| Licensed Insurance Agent | Lead Agent | |
| Yearly salary | $54,118 | $47,344 |
| Hourly rate | $26.02 | $22.76 |
| Growth rate | 6% | 6% |
| Number of jobs | 78,016 | 56,112 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 41% |
| 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.
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.
Licensed insurance agents and lead agents have different pay scales, as shown below.
| Licensed Insurance Agent | Lead Agent | |
| Average salary | $54,118 | $47,344 |
| Salary range | Between $32,000 And $88,000 | Between $26,000 And $85,000 |
| Highest paying City | Washington, DC | - |
| Highest paying state | Hawaii | - |
| Best paying company | Torchmark | - |
| Best paying industry | Finance | - |
There are a few differences between a licensed insurance agent and a lead agent in terms of educational background:
| Licensed Insurance Agent | Lead Agent | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 41% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between licensed insurance agents' and lead agents' demographics:
| Licensed Insurance Agent | Lead Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 39.0% Female, 61.0% | Male, 54.8% Female, 45.2% |
| 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, 9.4% 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% |