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Licensed insurance agent vs licensed sales producer

The differences between licensed insurance agents and licensed sales producers 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 $38,353 average annual salary of a licensed sales producer.

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 licensed sales producer are customer service, financial products, and life insurance.

Licensed insurance agent vs licensed sales producer overview

Licensed Insurance AgentLicensed Sales Producer
Yearly salary$54,118$38,353
Hourly rate$26.02$18.44
Growth rate6%6%
Number of jobs78,01640,137
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 54%
Average age4646
Years of experience--

Licensed insurance agent vs licensed sales producer salary

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

Licensed Insurance AgentLicensed Sales Producer
Average salary$54,118$38,353
Salary rangeBetween $32,000 And $88,000Between $28,000 And $52,000
Highest paying CityWashington, DCMadison, WI
Highest paying stateHawaiiWisconsin
Best paying companyTorchmarkOracle
Best paying industryFinanceManufacturing

Differences between licensed insurance agent and licensed sales producer education

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

Licensed Insurance AgentLicensed Sales Producer
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Licensed insurance agent vs licensed sales producer demographics

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

Licensed Insurance AgentLicensed Sales Producer
Average age4646
Gender ratioMale, 39.0% Female, 61.0%Male, 39.2% Female, 60.8%
Race ratioBlack 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, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between licensed insurance agent and licensed sales producer duties and responsibilities

Licensed insurance agent example responsibilities.

  • Explain and advice the customers about the insurance needs, handle objections and sale the Allstate company advantage.
  • Work with people in retirement helping manage their health and life insurance, also help structure their 401k's into annuities.
  • Used consultative upselling techniques to provide leads
  • Quote and sell home, mobile home, renters, auto, and motorcycle policies.
  • Process application on auto, homes, workers comp, trailer, motorcycle, commercial policies.
  • Provide financial services through life insurance, disability insurance and annuities.
  • Show more

Licensed sales producer example responsibilities.

  • Generate production and leads through telemarketing sales.
  • Provide quotes, bound coverage for insurance products through Allstate and its brokered affiliates for new business and cross sell campaigns.
  • Directly-Assist agency owner in developing new market strategies to solicit new business and increase cross-selling to existing book of business.
  • Used consultative upselling techniques to provide leads

Licensed insurance agent vs licensed sales producer skills

Common licensed insurance agent skills
  • Excellent Time Management, 17%
  • Work Ethic, 17%
  • Strong Customer Service, 13%
  • Customer Service, 13%
  • Insurance Sales, 11%
  • Financial Resources, 5%
Common licensed sales producer skills
  • Customer Service, 34%
  • Financial Products, 9%
  • Life Insurance, 6%
  • Product Knowledge, 3%
  • Policy Changes, 3%
  • Outbound Calls, 3%