1. University of Pennsylvania
Philadelphia, PA • Private
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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 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.
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.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of account executive you might progress to a role such as account manager eventually. Later on in your career, you could end up with the title senior account manager.
Licensed Insurance Producer
What Am I Worth?
There are several types of licensed insurance producer, including:
So long to the days of claiming you don't know where you want to go for lunch because, as an agent, you have a lot of decision-making power in your hands. Be prepared to use it.
Agents help clients by acting as their liasion. They negotiate terms of contracts, particularly on a financial level. The more money you make your client, the more money you'll be able to collect. So you'll want to work on your negotiation and persuasion skills.
Agents work in a variety of industries, so you can have your pick of opportunities. Some work in the entertainment industry, while others are in the financial scene. Wherever you end up, you'll most likely be working a full-time job. Although, some client meetings can be done outside of normal work hours. This means you might want to prepare yourself for some late nights.
Well, insurance agents are salespeople, they have a very specific industry that they work in. Sometimes they may only sell one type of insurance, but many sell lots of different insurances. This includes car, rental and health.
While, you can get a job as an insurance agent with just a high school degree, many agents have a bachelor's degree. In addition, you need to be licensed in the state where you'll be working. But the learning doesn't stop there. Insurance agent learn a lot through their on-the-job training. Here's to learning something new every day!
Producers work for the entertainment industry. They secure resources and coordinate logistical arrangements for the making of a film, television show, or theatre performance. They make sure production expenses do not go over the budget, that deliverables are ready on time, and the finished products meet the expectations of investors.
They are responsible for hiring staff, coordinating creative work, preparing and presenting funding applications, monitoring and approving post-production work, and performing managerial tasks such as scheduling, planning work phases, and taking care of the marketing of the completed product.
If you want to be a producer, you should start with a college education in film or theatre or cultural management. It is not obligatory, though. Being a producer is all about finding creative ways to get something done, and there is never one path that always works. Many actors, writers, or other creative people who are now producers just started working on their own personal projects and discovered the know-how along the way.
Mouse over a state to see the number of active licensed insurance producer jobs in each state. The darker areas on the map show where licensed insurance producers earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
High School Diploma
Philadelphia, PA • Private
Boston, MA • Private
Minneapolis, MN • Private
Washington, DC • Private
Oswego, NY • Private
Stanford, CA • Private
Waco, TX • Private
Lafayette, LA • Private
Muncie, IN • Private
Indianapolis, IN • Private
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, 50.8% of licensed insurance producers listed work ethic on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Licensed Insurance Producer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Licensed Insurance Producer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Risk Management in Personal Finance
This course is primarily aimed at those who want to understand more about how they can protect their finances from unexpected events. Taught by a CERTIFIED FINANCIAL PLANNER™ Professional, this course covers the role insurance plays into your financial plan, including what kinds of insurance to explore, how to determine how much insurance you need, and how different kinds of insurance works. The course includes life insurance, health insurance, disability insurance, homeowners insurance,...
2. Fundamentals of Insurance - 2
3. Fundamentals of Insurance - 1
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 Washington, Wisconsin, Alaska, and Massachusetts. Licensed insurance producers make the most in Washington with an average salary of $76,456. Whereas in Wisconsin and Alaska, they would average $75,503 and $75,469, respectively. While licensed insurance producers would only make an average of $75,261 in Massachusetts, 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. North Dakota
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ licensed insurance producers and discovered their number of licensed insurance producer opportunities and average salary. Through our research, we concluded that National Agents Alliance was the best, especially with an average salary of $67,732. Allstate follows up with an average salary of $45,414, and then comes State Farm Insurance Agency with an average of $58,616. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a licensed insurance producer. The employers include American Family Insurance, Procore Technologies, and Horace Mann
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|2||Liberty Mutual Insurance||$80,671||$38.78||10|
|4||New York Life Insurance||$76,770||$36.91||8|
|5||American Family Insurance||$73,181||$35.18||34|
|6||American Income Life Insurance||$69,076||$33.21||31|
|7||National Agents Alliance||$67,732||$32.56||347|
|8||SelectQuote Insurance Services||$65,647||$31.56||30|