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.

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Licensed Insurance Producer Responsibilities

Here are examples of responsibilities from real licensed insurance producer resumes representing typical tasks they are likely to perform in their roles.

  • Generate sales of AAA products and services through in-bound calls and leads generate by the Internet.
  • Sole proprietor of insurance brokerage company providing individual/small business health, dental, disability, life, annuities and international insurance.
  • Assist customers in completing require paperwork and follow-up throughout the application process.

Licensed Insurance Producer Job Description

When it comes to understanding what a Licensed Insurance Producer does, you may be wondering, "should I become a Licensed Insurance Producer?" The data included in this section may help you decide. Compared to other jobs, Licensed Insurance Producers have a growth rate described as "faster than average" at 10% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of Licensed Insurance Producer opportunities that are predicted to open up by 2028 is 48,300.

A Licensed Insurance Producer annual salary averages $74,238, which breaks down to $35.69 an hour. However, Licensed Insurance Producers can earn anywhere from upwards of $67,000 to $81,000 a year. This means that the top-earning Licensed Insurance Producers make $14,000 more than the lowest-earning ones.

As is the case with most jobs, it takes work to become a Licensed Insurance Producer. Sometimes people change their minds about their career after working in the profession. That's why we looked into some other professions that might help you find your next opportunity. These professions include a Geek Squad Agent, Agent, Marketing Agent, and Field Agent.

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5 Licensed Insurance Producer Resume Examples

Licensed Insurance Producer Skills and Personality Traits

We calculated that 19% of Licensed Insurance Producers are proficient in Life Insurance, Customer Service, and New Clients. They’re also known for soft skills such as Analytical skills, Communication skills, and Initiative.

We break down the percentage of Licensed Insurance Producers that have these skills listed on their resume here:

  • Life Insurance, 19%

    Presented financial planning presentations and advised about life insurance policies and investments.

  • Customer Service, 16%

    Proved customer service skills by retaining high percentage of customers who were involuntarily transferred by Nationwide to different insurance products.

  • New Clients, 8%

    Organized business to business promotion events for generating new clients.

  • Auto Insurance, 8%

    Licensed sales professional working within a team focused primarily on auto insurance

  • Casualty Insurance, 5%

    Received incoming calls from prospective insureds seeking quotes on property and casualty insurance.

  • Financial Services, 4%

    PROFILE Results driven manager possessing deep operational expertise directing proprietary partnerships in the Insurance, Financial Services and Investment Management Industry.

"Life Insurance," "Customer Service," and "New Clients" aren't the only skills we found Licensed Insurance Producers list on their resumes. In fact, there's a whole list of Licensed Insurance Producer responsibilities that we found, including:

  • Analytical skills can be considered to be the most important personality trait for a Licensed Insurance Producer to have. According to a Licensed Insurance Producer resume, "Insurance sales agents must evaluate the needs of each client to determine the appropriate insurance policy." Licensed Insurance Producers are able to use Analytical skills in the following example we gathered from a resume: "Maintained database for follow up on leads for inbound and outbound calls. "
  • While it may not be the most important skill, we found that many Licensed Insurance Producer duties rely on Communication skills. This example from a Licensed Insurance Producer explains why: "Insurance sales agents must be able to communicate effectively with customers by listening to their requests and suggesting suitable policies." This resume example is just one of many ways Licensed Insurance Producers are able to utilize Communication skills: "Open, review and process new insurance policies Provide customer service to policy holders Maintain extensive telephone and one-on-one client communication"
  • Initiative is also an important skill for Licensed Insurance Producers to have. This example of how Licensed Insurance Producers use this skill comes from a Licensed Insurance Producer resume, "Insurance sales agents need to actively seek out new customers in order to maintain a flow of commissions." Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "Collected and presented information on customer service initiatives for national offices. "
  • In order for certain Licensed Insurance Producer responsibilities to be completed, the job requires the skill "Self-confidence." According to a Licensed Insurance Producer resume, "Insurance sales agents should be confident when making “cold” calls (calls to prospective customers whom they have not contacted before)" As an example, this snippet was taken directly from a resume about how this skill applies: "Establish confidence in the Allstate name by providing the value of Allstate. "
  • See the full list of Licensed Insurance Producer skills.

    We've found that 57.1% of Licensed Insurance Producers have earned a bachelor's degree. Furthermore, 4.5% earned their master's degrees before becoming a Licensed Insurance Producer. While it's true that most Licensed Insurance Producers have a college degree, it's generally possible to become one with only a high school degree. In fact, one out of every six Licensed Insurance Producers did not spend the extra money to attend college.

    The Licensed Insurance Producers who went onto college to earn a more in-depth education generally studied Business and Accounting, while a small population of Licensed Insurance Producers studied Insurance and Psychology.

    Once you've obtained the level of education you're comfortable with, you might start applying to companies to become a Licensed Insurance Producer. We've found that most Licensed Insurance Producer resumes include experience from Randstad North America, Asurea, and Humana. Of recent, Randstad North America had 9 positions open for Licensed Insurance Producers. Meanwhile, there are 8 job openings at Asurea and 2 at Humana.

    If you're interested in companies where Licensed Insurance Producers make the most money, you'll want to apply for positions at CDK Global, National Agents Alliance, and Asurea. We found that at CDK Global, the average Licensed Insurance Producer salary is $86,871. Whereas at National Agents Alliance, Licensed Insurance Producers earn roughly $74,344. And at Asurea, they make an average salary of $74,238.

    View more details on Licensed Insurance Producer salaries across the United States.

    The three companies that hire the most prestigious licensed insurance producers are:

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      What Geek Squad Agents Do

      A geek squad agent specializes in providing various computer services such as technical and maintenance support. Their responsibilities typically revolve around communicating with clients through calls or correspondence, troubleshooting, and helping them navigate through complex operations. They may also offer products and services, process payments, arrange store appointments, perform regular maintenance checks, and provide cost estimates to clients. Furthermore, as a geek squad agent, it is essential to coordinate with staff and report sales progress or concerns to managers or supervisors.

      In this section, we compare the average Licensed Insurance Producer annual salary with that of a Geek Squad Agent. Typically, Geek Squad Agents earn a $29,085 lower salary than Licensed Insurance Producers earn annually.

      These skill sets are where the common ground ends though. A Licensed Insurance Producer responsibility is more likely to require skills like "Life Insurance," "New Clients," "Auto Insurance," and "Casualty Insurance." Whereas a Geek Squad Agent requires skills like "Client Devices," "Consumer Electronics," "Hardware," and "Phone Calls." Just by understanding these different skills you can see how different these careers are.

      On average, Geek Squad Agents reach lower levels of education than Licensed Insurance Producers. Geek Squad Agents are 6.2% less likely to earn a Master's Degree and 1.3% less likely to graduate with a Doctoral Degree.

      What Are The Duties Of an Agent?

      Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

      Now we're going to look at the Agent profession. On average, Agents earn a $31,306 lower salary than Licensed Insurance Producers a year.

      Not everything about these jobs is different. Take their skills, for example. Licensed Insurance Producers and Agents both include similar skills like "Life Insurance," "Customer Service," and "New Clients" on their resumes.

      But both careers also use different skills, according to real Licensed Insurance Producer resumes. While Licensed Insurance Producer responsibilities can utilize skills like "Auto Insurance," "Casualty Insurance," "Personal Lines," and "Policy Changes," some Agents use skills like "Communication," "HR," "Internet," and "Real Estate."

      On average, Agents earn a lower salary than Licensed Insurance Producers. There are industries that support higher salaries in each profession respectively. Interestingly enough, Agents earn the most pay in the Insurance industry with an average salary of $40,893. Whereas, Licensed Insurance Producers have higher paychecks in the Insurance industry where they earn an average of $61,769.

      In general, Agents study at similar levels of education than Licensed Insurance Producers. They're 1.9% less likely to obtain a Master's Degree while being 1.3% less likely to earn a Doctoral Degree.

      How a Marketing Agent Compares

      A marketing agency is responsible for selling the company's goods and services, identifying promotional techniques to boost brand awareness in the market, and strategizing in increasing sales targets. Marketing agents identify business opportunities by analyzing market trends and public demands that would generate more revenue resources and increase the company's profitability. They also negotiate with potential clients for partnerships, respond to their inquiries and concerns, and address their requests. A marketing agent handles the development of marketing materials, including a budget allocation to support marketing functions and business requirements.

      The Marketing Agent profession generally makes a lower amount of money when compared to the average salary of Licensed Insurance Producers. The difference in salaries is Marketing Agents making $12,789 lower than Licensed Insurance Producers.

      Using Licensed Insurance Producers and Marketing Agents resumes, we found that both professions have similar skills such as "Life Insurance," "Customer Service," and "New Clients," but the other skills required are very different.

      There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a Licensed Insurance Producer is likely to be skilled in "Auto Insurance," "Casualty Insurance," "Financial Services," and "Personal Lines," while a typical Marketing Agent is skilled in "Positive Attitude," "Product Knowledge," "CMA," and "Sales Process."

      Marketing Agents make a very good living in the Hospitality industry with an average annual salary of $57,835. Whereas Licensed Insurance Producers are paid the highest salary in the Insurance industry with the average being $61,769.

      Marketing Agents typically study at similar levels compared with Licensed Insurance Producers. For example, they're 2.6% less likely to graduate with a Master's Degree, and 0.3% less likely to earn a Doctoral Degree.

      Description Of a Field Agent

      Field agents are the ones who work and do their job not inside the four corners of the office; instead, they do the assigned task outside. They often are expected to have good communication skills so that they can get a response from the most unwilling person in the area. Besides, they must also possess good character traits and professionalism to effectively address higher-up's concerns. As the man on the field, they provide customer support more effectively.

      The fourth career we look at typically earns lower pay than Licensed Insurance Producers. On average, Field Agents earn a difference of $39,277 lower per year.

      While both Licensed Insurance Producers and Field Agents complete day-to-day tasks using similar skills like Life Insurance, New Clients, and Insurance Companies, the two careers also vary in other skills.

      While some skills are shared by these professions, there are some differences to note. "Customer Service," "Auto Insurance," "Casualty Insurance," and "Financial Services" are skills that have shown up on Licensed Insurance Producers resumes. Additionally, Field Agent uses skills like GPS, Sales Goals, Long-Term Care Facility, and Financial Needs on their resumes.

      In general, Field Agents make a higher salary in the Professional industry with an average of $28,973. The highest Licensed Insurance Producer annual salary stems from the Insurance industry.

      Field Agents reach similar levels of education when compared to Licensed Insurance Producers. The difference is that they're 0.2% more likely to earn a Master's Degree more, and 0.5% less likely to graduate with a Doctoral Degree.