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Licensed insurance producer vs licensed sales producer

The differences between licensed insurance producers and licensed sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed insurance producer has an average salary of $66,026, which is higher than the $38,353 average annual salary of a licensed sales producer.

The top three skills for a licensed insurance producer include work ethic, lead generation and annuities. The most important skills for a licensed sales producer are customer service, financial products, and life insurance.

Licensed insurance producer vs licensed sales producer overview

Licensed Insurance ProducerLicensed Sales Producer
Yearly salary$66,026$38,353
Hourly rate$31.74$18.44
Growth rate6%6%
Number of jobs54,87240,137
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Average age4646
Years of experience--

Licensed insurance producer vs licensed sales producer salary

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

Licensed Insurance ProducerLicensed Sales Producer
Average salary$66,026$38,353
Salary rangeBetween $44,000 And $97,000Between $28,000 And $52,000
Highest paying CityWashington, DCMadison, WI
Highest paying stateWashingtonWisconsin
Best paying companyBerkshire HathawayOracle
Best paying industryFinanceManufacturing

Differences between licensed insurance producer and licensed sales producer education

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

Licensed Insurance ProducerLicensed Sales Producer
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Licensed insurance producer vs licensed sales producer demographics

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

Licensed Insurance ProducerLicensed Sales Producer
Average age4646
Gender ratioMale, 39.2% Female, 60.8%Male, 39.2% Female, 60.8%
Race ratioBlack or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% 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 producer and licensed sales producer duties and responsibilities

Licensed insurance producer example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Present AFLAC benefits packages to various company owners and employees.
  • Educate customers on products such as property-casualty, life, accident-health, and annuities.
  • Contact businesses to attempt to establish an AFLAC account as part of their benefits package.
  • Provide information on life and health insurance, medicare supplements, annuities , 401K rollovers and IRA's.
  • Facilitate communications between doctors, hospitals, third party insurance companies and patients to obtain and verify patient billing information.
  • 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 producer vs licensed sales producer skills

Common licensed insurance producer skills
  • Work Ethic, 51%
  • Lead Generation, 13%
  • Annuities, 8%
  • Customer Service, 6%
  • Insurance Sales, 6%
  • Auto Insurance, 3%
Common licensed sales producer skills
  • Customer Service, 34%
  • Financial Products, 9%
  • Life Insurance, 6%
  • Product Knowledge, 3%
  • Policy Changes, 3%
  • Outbound Calls, 3%