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The differences between licensed sales agents and licensed insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a licensed insurance agent has an average salary of $54,118, which is higher than the $36,453 average annual salary of a licensed sales agent.
The top three skills for a licensed sales agent include real estate, lead generation and customer service. The most important skills for a licensed insurance agent are excellent time management, work ethic, and strong customer service.
| Licensed Sales Agent | Licensed Insurance Agent | |
| Yearly salary | $36,453 | $54,118 |
| Hourly rate | $17.53 | $26.02 |
| Growth rate | 10% | 6% |
| Number of jobs | 63,324 | 78,016 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 50% |
| Average age | 43 | 46 |
| Years of experience | 6 | - |
A sales agent is the one who serves as a seller for the customer. They are the one who fulfills and allows them to choose a product or item that they need. Some of their tasks include offering products, taking orders, and providing services for clients. Also, they keep the required documents to report errors or dissatisfaction. Their skills involve being customer-oriented, good management skills, and can communicate effectively.
A licensed insurance agent is primarily responsible for finding and utilizing opportunities to secure insurance sales. Moreover, a licensed insurance agent must reach out to potential clients, discuss and negotiate terms, respond to inquiries, and perform various assessments to determine their ability to uphold financial obligations. Besides building a client base, they also need to handle current policies, process renewals, monitor claims, maintain an accurate record of transactions, prepare progress reports and strategies, and distribute policy proceeds according to the company rules and regulations.
Licensed sales agents and licensed insurance agents have different pay scales, as shown below.
| Licensed Sales Agent | Licensed Insurance Agent | |
| Average salary | $36,453 | $54,118 |
| Salary range | Between $25,000 And $51,000 | Between $32,000 And $88,000 |
| Highest paying City | Minnetonka, MN | Washington, DC |
| Highest paying state | New York | Hawaii |
| Best paying company | Oracle | Torchmark |
| Best paying industry | Finance | Finance |
There are a few differences between a licensed sales agent and a licensed insurance agent in terms of educational background:
| Licensed Sales Agent | Licensed Insurance Agent | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between licensed sales agents' and licensed insurance agents' demographics:
| Licensed Sales Agent | Licensed Insurance Agent | |
| Average age | 43 | 46 |
| Gender ratio | Male, 45.1% Female, 54.9% | Male, 39.0% Female, 61.0% |
| Race ratio | Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.6% Asian, 9.5% White, 67.6% American Indian and Alaska Native, 0.2% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.9% White, 66.5% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 6% | 7% |