What is a Licensed Insurance Producer

A licensed insurance producer is licensed to sell insurance products to clients on behalf of a company. A licensed insurance producer is commonly seen having conversations with different people, trying to establish rapport and ease in conversation about his/her insurance products. He/She could be found negotiating life, health, property, and all other sorts of insurance to clients. Your main duties revolve around acquiring new clients, monitoring insurance claims, assisting in settlements of claims, and determining the insurance risk of properties.

You are there to assist the customer in buying one of your products, so your job is to follow up throughout the application process and make paperwork easier for customers to handle. The real skill of a licensed insurance producer is his/her ability to talk you into buying. This is why excellent communication and interpersonal skills cannot be overemphasized. The average yearly salary is $74,000, and a bachelor's degree is required for this position.

There is more than meets the eye when it comes to being a licensed insurance producer. For example, did you know that they make an average of $35.69 an hour? That's $74,238 a year!

Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.

What Does a Licensed Insurance Producer Do

There are certain skills that many licensed insurance producers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and initiative.

Learn more about what a Licensed Insurance Producer does

How To Become a Licensed Insurance Producer

If you're interested in becoming a licensed insurance producer, one of the first things to consider is how much education you need. We've determined that 57.1% of licensed insurance producers have a bachelor's degree. In terms of higher education levels, we found that 4.5% of licensed insurance producers have master's degrees. Even though most licensed insurance producers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a licensed insurance producer. When we researched the most common majors for a licensed insurance producer, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on licensed insurance producer resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become a licensed insurance producer. In fact, many licensed insurance producer jobs require experience in a role such as customer service representative. Meanwhile, many licensed insurance producers also have previous career experience in roles such as administrative assistant or sales associate.

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Average Salary
$74,238
Average Salary
Job Growth Rate
10%
Job Growth Rate
Job Openings
64,942
Job Openings
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Licensed Insurance Producer Career Paths

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Average Salary for a Licensed Insurance Producer

Licensed Insurance Producers in America make an average salary of $74,238 per year or $36 per hour. The top 10 percent makes over $81,000 per year, while the bottom 10 percent under $67,000 per year.
Average Salary
$74,238
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Licensed Insurance Producer Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Licensed Insurance Producer. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Licensed Insurance Producer Resume

At Zippia, we went through countless Licensed Insurance Producer resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Licensed Insurance Producer Resume Examples And Templates

Licensed Insurance Producer Demographics

Licensed Insurance Producer Gender Statistics

female

57.4 %

male

37.9 %

unknown

4.7 %

Licensed Insurance Producer Ethnicity Statistics

White

70.3 %

Hispanic or Latino

14.5 %

Black or African American

8.5 %

Licensed Insurance Producer Foreign Languages Spoken Statistics

Spanish

71.8 %

German

4.2 %

Portuguese

2.8 %
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Licensed Insurance Producer Education

Licensed Insurance Producer Majors

33.7 %

Licensed Insurance Producer Degrees

Bachelors

57.1 %

Associate

18.8 %

High School Diploma

11.7 %

Top Colleges for Licensed Insurance Producers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

5. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition
$8,440
Enrollment
7,039

6. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

7. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

8. University of Louisiana at Lafayette

Lafayette, LA • Private

In-State Tuition
$9,912
Enrollment
14,245

9. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

10. Butler University

Indianapolis, IN • Private

In-State Tuition
$41,120
Enrollment
4,553
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Online Courses For Licensed Insurance Producer That You May Like

Fundamentals of Insurance - 1
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Fundamentals of Insurance - 1...

Excel Skills for Insurance Professionals
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Financial Analysis of Insurance Companies – Industry Overview and Analysis of Financial and Regulatory Reporting
edX (Global)

Want to gain a solid understanding of the unique analysis methods needed to assess the financial strength and operating performance of insurance companies in the US and Europe? We’ll begin this course with a look at the main lines of business and the current operating environment of the Life and Health sector of the industry. We will also discuss the impact of changes in interest rates on investment earnings and sales of annuity products. Next, we’ll turn our attention to the property and...

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Top Skills For a Licensed Insurance Producer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.4% of licensed insurance producers listed life insurance on their resume, but soft skills such as analytical skills and communication skills are important as well.

12 Licensed Insurance Producer RESUME EXAMPLES

Best States For a Licensed Insurance Producer

Some places are better than others when it comes to starting a career as a licensed insurance producer. The best states for people in this position are Massachusetts, New Hampshire, Wisconsin, and Nebraska. Licensed insurance producers make the most in Massachusetts with an average salary of $84,401. Whereas in New Hampshire and Wisconsin, they would average $78,330 and $78,328, respectively. While licensed insurance producers would only make an average of $76,631 in Nebraska, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Nebraska

Total Licensed Insurance Producer Jobs:
388
Highest 10% Earn:
$108,000
Location Quotient:
1.74
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Wisconsin

Total Licensed Insurance Producer Jobs:
678
Highest 10% Earn:
$110,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Alabama

Total Licensed Insurance Producer Jobs:
733
Highest 10% Earn:
$118,000
Location Quotient:
1.66
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Licensed Insurance Producers

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Updated August 18, 2021