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The differences between licensed insurance producers and producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a producer has an average salary of $72,202, which is higher than the $66,026 average annual salary of a licensed insurance producer.
The top three skills for a licensed insurance producer include work ethic, lead generation and annuities. The most important skills for a producer are work ethic, video production, and client relationships.
| Licensed Insurance Producer | Producer | |
| Yearly salary | $66,026 | $72,202 |
| Hourly rate | $31.74 | $34.71 |
| Growth rate | 6% | 8% |
| Number of jobs | 54,872 | 10,610 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 79% |
| Average age | 46 | 40 |
| Years of experience | - | 12 |
An Insurance producer, also called an insurance agent that promotes and sells insurance benefits and packages to clients. This includes life insurance, property, and health insurance that is offered by not only one company. They are responsible for promoting customer service and creates a good relationship between the company and the insurer. They also serve as a point of a contract if there are insurers that need someone who can assist them with what particular package they can get.
A producer is an individual who is responsible for providing infrastructure, resources, and logistics in making a movie, television show, or stage production. Producers hire production staff such as director, crew, and sometimes actors to coordinate their activities throughout the production process. They support the creative team by conducting meetings to discuss the production's progress and ensure adherence to deadlines. Producers also travel often either to film on location for a movie or to tour with a theatre production.
Licensed insurance producers and producers have different pay scales, as shown below.
| Licensed Insurance Producer | Producer | |
| Average salary | $66,026 | $72,202 |
| Salary range | Between $44,000 And $97,000 | Between $43,000 And $120,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Washington | Nevada |
| Best paying company | Berkshire Hathaway | Meta |
| Best paying industry | Finance | - |
There are a few differences between a licensed insurance producer and a producer in terms of educational background:
| Licensed Insurance Producer | Producer | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 79% |
| Most common major | Business | Communication |
| Most common college | University of Pennsylvania | Harvard University |
Here are the differences between licensed insurance producers' and producers' demographics:
| Licensed Insurance Producer | Producer | |
| Average age | 46 | 40 |
| Gender ratio | Male, 39.2% Female, 60.8% | Male, 58.2% Female, 41.8% |
| Race ratio | Black 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, 7.8% Unknown, 5.6% Hispanic or Latino, 14.4% Asian, 6.3% White, 65.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 14% |