Life Insurance Agent Demographics and Statistics In The US
Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for life insurance agents in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:
- 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 age of an employed life insurance agent 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 2021, women 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.
Life Insurance Agent Statistics By Gender
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 Agents By Gender
| Gender | Percentages |
|---|---|
| Male | 53.7% |
| Female | 46.3% |
Gender Pay Gap For Life Insurance Agent
Women Earn 91ยข For Every $1 Earned By Men
Life Insurance Agent Gender Over Time
This data shows how men and women predominate in the life insurance agent position over time.
Life Insurance Agent Gender 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 Male to Female Ratio
We compared this job title with other job titles to see how gender percentages varied. As you can see, proprietary trader and floor trader have the biggest difference in gender.
| 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% |
Life Insurance Agent Statistics By Race
The most common ethnicity among life insurance agents is White, which makes up 66.0% of all life insurance agents. Comparatively, there are 16.0% of the Hispanic or Latino ethnicity and 9.4% of the Black or African American ethnicity.
- 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
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010-2019 among life insurance agents.
- White
- Asian
- Hispanic or Latino
- Black or African American
Life Insurance Agent Race 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
| Ethnicity | Salary |
|---|---|
| Unknown | $63,728 |
| White | $66,713 |
| Black or African American | $59,380 |
| Asian | $64,237 |
| Hispanic or Latino | $62,340 |
Life Insurance Agent JOBS
Average Age of a Life Insurance Agent
We determined the average age of life insurance agents based on ethnicity and gender.
Life Insurance Agent Age By Race
| 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
This chart breaks down the ages of life insurance agent employees. Interestingly enough, the average age of life insurance agents is 40+ years old, which represents 66% of the population.
Life Insurance Agent Age
| Life Insurance Agent Years | Percentages |
|---|---|
| 40+ years | 66% |
| 30-40 years | 23% |
| 20-30 years | 11% |
Types of Life Insurance Agent Degree Levels
The most common degree for life insurance agents is bachelor's degree 53% of life insurance agents earn that degree. A close second is associate degree with 20% and rounding it off is high school diploma with 13%.
- Bachelors, 53%
- Associate, 20%
- High School Diploma, 13%
- Masters, 6%
- Other Degrees, 8%
Life Insurance Agents By Education
| Life Insurance Agent Degree | Percentages |
|---|---|
| Bachelors | 53% |
| Associate | 20% |
| High School Diploma | 13% |
| Masters | 6% |
| Other Degrees | 8% |
Life Insurance Agent Jobs You Might Like
Life Insurance Agent Wage Gap By Education
| Education | Salary |
|---|---|
| High School Diploma or Less | $57,744 |
| Master's Degree | $71,265 |
| Bachelor's Degree | $71,424 |
| Doctorate Degree | $66,575 |
| Some College/ Associate Degree | $57,531 |
Life Insurance Agent Employment Statistics
This section highlights information about where life insurance agents work. We found most life insurance agents work for a private company. In addition, the industry that employs the most life insurance agents is the insurance industry.
Company Size
We created this chart to show you the average size of companies that typically hire life insurance agents.
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% |
The Types Of Companies Life Insurance Agent Work In
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% |
Top Industries Hiring Life Insurance Agents
Just based on the number of employees within each industry, we were able to determine the most common industries that employ life insurance agents. Those industries include 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 Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of life insurance agents changed.
- Unemployment rate
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% |
The Average Number of Years That Life Insurance Agent Stay in a Job
By looking over 6,949 life insurance agents resumes, we figured out that the average life insurance agent enjoys staying at their job for Less than 1 year for a percentage of 32%.
Life Insurance Agent Tenure
| Number or 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% |
Comparing The LGBT Ratio of Life Insurance Agents with Other Job Titles
After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to life insurance agents.
| 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 |
Life Insurance Agent 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% |
Life Insurance Agent Jobs
Recently Added Life Insurance Agent Jobs
Life Insurance Agent Heatmaps
The amount you can make as a life insurance agent can depend on where you live. For example, the highest salary of life insurance agents is $73,057. Use our chart to find out where that salary is located.
Where Do Life Insurance Agents Earn The Most?
Life insurance agents earn the most in Alaska, where the average life insurance agent salary is $124,219. The map here shows where life insurance agents earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.
Which State Has The Most Life Insurance Agents?
By looking through more than 6,949 resumes, we found that the most popular places for life insurance agents are New York, NY and Houston, TX.
Number Of Life Insurance Agent Jobs By State
Where Are Life Insurance Agents In High Demand?
Life insurance agents are in high demand in Dallas, TX. There are currently 17 job openings for life insurance agents here. We looked over job openings to determine where in the country life insurance agents are in the most demand.
