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The differences between life insurance agents and health insurance agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a life insurance agent has an average salary of $62,552, which is higher than the $49,934 average annual salary of a health insurance agent.
The top three skills for a life insurance agent include health insurance, life insurance license and life insurance sales. The most important skills for a health insurance agent are HIPAA, health insurance, and customer service.
| Life Insurance Agent | Health Insurance Agent | |
| Yearly salary | $62,552 | $49,934 |
| Hourly rate | $30.07 | $24.01 |
| Growth rate | 6% | 6% |
| Number of jobs | 68,781 | 112,235 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A life insurance agent is responsible for offering life insurance services for clients according to their needs and qualifications. Life insurance agents handle insurance claims of the beneficiaries, ensuring the accuracy of documents and account statements for verification. They also discuss possible options and alternatives, as well as considering the clients' long-term financial goals and objectives. A life insurance agent must be well-knowledgeable of the insurance services offered by the company, discussing policies and coverage to suit the clients' best interests.
Health Insurance Agents are salespeople whose primary product is health insurance. Insurance companies hire them to reach sales targets. They are trained to sell insurance to individuals or groups of people. They are expected to be familiar with all the products of the company. Health Insurance Agents should assess their clients' needs and recommend the best health insurance product that fits their needs. They should be able to explain the product's features and answer any inquiries that the clients may have. Health Insurance Agents should also know how to compute insurance premiums and estimate payouts.
Life insurance agents and health insurance agents have different pay scales, as shown below.
| Life Insurance Agent | Health Insurance Agent | |
| Average salary | $62,552 | $49,934 |
| Salary range | Between $39,000 And $99,000 | Between $34,000 And $72,000 |
| Highest paying City | Anchorage, AK | Tacoma, WA |
| Highest paying state | Alaska | Alaska |
| Best paying company | AIG | DialAmerica |
| Best paying industry | Insurance | Finance |
There are a few differences between a life insurance agent and a health insurance agent in terms of educational background:
| Life Insurance Agent | Health Insurance Agent | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between life insurance agents' and health insurance agents' demographics:
| Life Insurance Agent | Health Insurance Agent | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.7% Female, 46.3% | Male, 43.5% Female, 56.5% |
| Race ratio | Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.0% Asian, 4.9% White, 66.0% American Indian and Alaska Native, 0.1% | Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.5% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |