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The differences between life insurance agents and insurance representatives 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 $35,958 average annual salary of an insurance representative.
The top three skills for a life insurance agent include health insurance, life insurance license and life insurance sales. The most important skills for an insurance representative are customer service, patients, and health insurance.
| Life Insurance Agent | Insurance Representative | |
| Yearly salary | $62,552 | $35,958 |
| Hourly rate | $30.07 | $17.29 |
| Growth rate | 6% | 6% |
| Number of jobs | 68,781 | 87,843 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 45% |
| 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.
An insurance representative serves as a client's point of contact in insurance companies. Their responsibilities include researching client opportunities, reaching out to potential clients to offer products and services, discussing terms and policies, providing detailed advice, and assisting in every procedure, ensuring convenience and client satisfaction. Aside from securing sales, an insurance representative may also process applications and claims while adhering to the company's policies and regulations. Furthermore, they may also perform clerical tasks such as handling calls and correspondence, arranging appointments, and maintaining records of all transactions.
Life insurance agents and insurance representatives have different pay scales, as shown below.
| Life Insurance Agent | Insurance Representative | |
| Average salary | $62,552 | $35,958 |
| Salary range | Between $39,000 And $99,000 | Between $29,000 And $44,000 |
| Highest paying City | Anchorage, AK | Lacey, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | AIG | Santander Bank |
| Best paying industry | Insurance | Finance |
There are a few differences between a life insurance agent and an insurance representative in terms of educational background:
| Life Insurance Agent | Insurance Representative | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 45% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between life insurance agents' and insurance representatives' demographics:
| Life Insurance Agent | Insurance Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 53.7% Female, 46.3% | Male, 29.8% Female, 70.2% |
| 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, 9.4% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |