Life insurance agent demographics and statistics in the US
Life insurance agent demographics research summary. Zippia estimates life insurance agent demographics and statistics in the United States by using a database of 30 million profiles. Our life insurance agent estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about life insurance agents after extensive research and analysis:
- There are over 108,198 life insurance agents currently employed in the United States.
- 46.3% of all life insurance agents are women, while 53.7% are men.
- The average life insurance agent age is 46 years old.
- The most common ethnicity of life insurance agents is White (66.0%), followed by Hispanic or Latino (16.0%), Black or African American (9.4%) and Asian (4.9%).
- Life insurance agents are most in-demand in Dallas, TX.
- The insurance industry is the highest-paying for life insurance agents.
- Anchorage, AK pays an annual average wage of $125,234, the highest in the US.
- In 2022, women life insurance agents earned 91% of what men earned.
- 7% of all life insurance agents are LGBT.
- Oregon is the best state for life insurance agents to live.
- Life insurance agents are 79% more likely to work at private companies in comparison to public companies.
On this page
Life insurance agent demographics by:
Life insurance agent gender statistics
46.3% of life insurance agents are women and 53.7% of life insurance agents are men.
- Male, 53.7%
- Female, 46.3%
Life insurance agent gender ratio
| Gender | Percentages |
|---|---|
| Male | 53.7% |
| Female | 46.3% |
Life insurance agent gender pay gap
Women earn 91¢ for every $1 earned by men
Male income
$63,233
Female income
$57,765
Life insurance agent gender ratio over time
This data breaks down the percentage of men and women in life insurance agent positions over time. Currently, 46.3% of life insurance agents are female.
Life insurance agent gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 56.27% | 43.73% |
| 2011 | 56.49% | 43.51% |
| 2012 | 54.44% | 45.56% |
| 2013 | 57.59% | 42.41% |
| 2014 | 55.02% | 44.98% |
| 2015 | 56.55% | 43.45% |
| 2016 | 55.72% | 44.28% |
| 2017 | 55.75% | 44.25% |
| 2018 | 55.31% | 44.69% |
| 2019 | 53.56% | 46.44% |
| 2020 | 52.24% | 47.76% |
| 2021 | 53.66% | 46.34% |
Life insurance agent related jobs gender ratio
We compared life insurance agents with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Life Insurance Agent | 54% | 46% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Life insurance agent demographics by race
The most common ethnicity among life insurance agents is White, which makes up 66.0% of all life insurance agents. Comparatively, 16.0% of life insurance agents are Hispanic or Latino and 9.4% of life insurance agents are Black or African American.
- White, 66.0%
- Hispanic or Latino, 16.0%
- Black or African American, 9.4%
- Asian, 4.9%
- Unknown, 3.6%
- American Indian and Alaska Native, 0.1%
Life insurance agent race
| Life insurance agent race | Percentages |
|---|---|
| White | 66.0% |
| Hispanic or Latino | 16.0% |
| Black or African American | 9.4% |
| Asian | 4.9% |
| Unknown | 3.6% |
| American Indian and Alaska Native | 0.1% |
Life insurance agent race and ethnicity over time
See how life insurance agent racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Life insurance agent race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.44% | 7.98% | 3.84% | 12.54% |
| 2011 | 73.99% | 7.97% | 3.96% | 12.82% |
| 2012 | 73.09% | 8.36% | 4.09% | 12.79% |
| 2013 | 72.21% | 8.98% | 4.19% | 12.94% |
| 2014 | 71.65% | 8.57% | 4.21% | 13.94% |
| 2015 | 69.97% | 9.38% | 4.04% | 14.79% |
| 2016 | 70.94% | 8.99% | 4.08% | 13.92% |
| 2017 | 69.61% | 9.27% | 4.65% | 14.55% |
| 2018 | 70.49% | 8.01% | 4.55% | 15.07% |
| 2019 | 69.17% | 8.69% | 4.35% | 16.07% |
| 2020 | 67.41% | 7.78% | 4.98% | 15.79% |
| 2021 | 65.98% | 9.37% | 4.90% | 16.05% |
Life insurance agent wage gap by race
According to our data, white life insurance agents have the highest average salary compared to other ethnicities. Black or african american life insurance agents have the lowest average salary at $59,380.
| Ethnicity | Salary |
|---|---|
| Unknown | $63,728 |
| White | $66,713 |
| Black or African American | $59,380 |
| Asian | $64,237 |
| Hispanic or Latino | $62,340 |
Average life insurance agent age
See how the average age of life insurance agents varies based on ethnicity and gender.
Male
Female
Life insurance agent age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 44 | 42 |
| White | 47 | 49 |
| Black or African American | 46 | 46.5 |
| Asian | 46 | 41 |
| Hispanic or Latino | 41 | 39 |
Life insurance agent age breakdown
The average age of life insurance agents is 40+ years years old, representing 66% of the life insurance agent population.
Life insurance agent age breakdown
| Life Insurance Agent Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Life insurance agent educational attainment
The most common degree for life insurance agents is bachelor's degree, with 53% of life insurance agents earning that degree. The second and third most common degree levels are associate degree degree at 20% and associate degree degree at 13%.
- Bachelor's, 53%
- Associate, 20%
- High School Diploma, 13%
- Master's, 6%
- Other Degrees, 8%
Life insurance agents by degree level
| Life insurance agent degree | Percentages |
|---|---|
| Bachelor's | 53% |
| Associate | 20% |
| High School Diploma | 13% |
| Master's | 6% |
| Other Degrees | 8% |
Life insurance agent jobs you might like
Life insurance agent wage gap by degree level
According to the data, life insurance agents with a Bachelor's degree earn more than those without, at $71,424 annually. With a Master's degree, life insurance agents earn a median annual income of $71,265 compared to $66,575 for life insurance agents with an Doctorate degree.
| Education | Salary |
|---|---|
| Master's Degree | $71,265 |
| High School Diploma or Less | $57,744 |
| Bachelor's Degree | $71,424 |
| Doctorate Degree | $66,575 |
| Some College/ Associate Degree | $57,531 |
Life insurance agent employment statistics
Most life insurance agents work for a private in the insurance industry.
Company size where life insurance agents work
Below, you can see the size of companies where life insurance agents work.
Life insurance agent jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 21% |
| 100 - 500 employees | 25% |
| 500 - 1,000 employees | 7% |
| 1,000 - 10,000 employees | 25% |
| > 10,000 employees | 15% |
Life insurance agent jobs by company type
Employees with the life insurance agent job title have their preferences when it comes to working for a company. For instance, most life insurance agents prefer to work at private companies over public companies.
Life insurance agent jobs by sector
| Company type | Percentages |
|---|---|
| Education | 1% |
| Public | 18% |
| Private | 79% |
| Government | 2% |
Life insurance agent jobs by industry
The most common industries for life insurance agents are insurance, finance and professional.
Life insurance agent industry statistics
| Industry | Percentages |
|---|---|
| Insurance | 34% |
| Finance | 15% |
| Fortune 500 | 11% |
| Professional | 7% |
| Health Care | 6% |
| Retail | 4% |
| Technology | 4% |
| Media | 2% |
| Hospitality | 2% |
| Government | 2% |
| Non Profits | 2% |
| Transportation | 1% |
| Automotive | 1% |
| Construction | 1% |
| Manufacturing | 1% |
| Telecommunication | 1% |
| Start-up | 1% |
| Real Estate | 1% |
| Education | 1% |
Life insurance agent turnover and employment statistics
Life insurance agent unemployment rate over time
The unemployment rate for life insurance agents between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Life insurance agent unemployment rate by year
| Year | Life insurance agent unemployment rate |
|---|---|
| 2010 | 5.09% |
| 2011 | 4.31% |
| 2012 | 4.18% |
| 2013 | 3.95% |
| 2014 | 3.23% |
| 2015 | 2.63% |
| 2016 | 2.47% |
| 2017 | 2.35% |
| 2018 | 1.88% |
| 2019 | 2.06% |
| 2020 | 3.05% |
| 2021 | 3.58% |
Average life insurance agent tenure
The average life insurance agent stays at their job for 1-2 years, based on the 6,949 life insurance agents resumes in Zippia's database.
Life insurance agent tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 32% |
| 1-2 years | 30% |
| 3-4 years | 11% |
| 5-7 years | 16% |
| 8-10 years | 5% |
| 11+ years | 6% |
Life insurance agent LGBT ratio compared to similar jobs
Review the percent of life insurance agents that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Strategic Account Executive | 5.13% | 130,703 |
| Phone Banker | 5.67% | 22,843 |
| Life Insurance Agent | 6.79% | - |
| Advertising Sales Consultant | 9.53% | 51,824 |
| Travel Service Consultant | 17.39% | 12,772 |
Similar life insurance agent jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Strategic Account Executive | 5.13% | 130,703 |
| Phone Banker | 5.67% | 22,843 |
| Advertising Sales Consultant | 9.53% | 51,824 |
| Travel Service Consultant | 17.39% | 12,772 |
Foreign languages spoken by life insurance agents
The most common foreign language among life insurance agents is Spanish at 59.3%. The second-most popular foreign language spoken is French at 7.4% and Portuguese is the third-most popular at 2.9%.
- Spanish, 59.3%
- French, 7.4%
- Portuguese, 2.9%
- Japanese, 2.9%
- Mandarin, 2.9%
- Other, 24.6%
Life insurance agent languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 59.3% |
| French | 7.4% |
| Portuguese | 2.9% |
| Japanese | 2.9% |
| Mandarin | 2.9% |
| Other | 24.6% |
