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The differences between life insurance agents and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, which is higher than the $62,552 average annual salary of a life 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 real estate agent are customer service, real estate license, and excellent interpersonal.
| Life Insurance Agent | Real Estate Agent | |
| Yearly salary | $62,552 | $91,788 |
| Hourly rate | $30.07 | $44.13 |
| Growth rate | 6% | 5% |
| Number of jobs | 68,781 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 59% |
| Average age | 46 | 49 |
| 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.
A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.
Life insurance agents and real estate agents have different pay scales, as shown below.
| Life Insurance Agent | Real Estate Agent | |
| Average salary | $62,552 | $91,788 |
| Salary range | Between $39,000 And $99,000 | Between $66,000 And $126,000 |
| Highest paying City | Anchorage, AK | Long Beach, NY |
| Highest paying state | Alaska | West Virginia |
| Best paying company | AIG | Santa Clara Valley Water District |
| Best paying industry | Insurance | Finance |
There are a few differences between a life insurance agent and a real estate agent in terms of educational background:
| Life Insurance Agent | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between life insurance agents' and real estate agents' demographics:
| Life Insurance Agent | Real Estate Agent | |
| Average age | 46 | 49 |
| Gender ratio | Male, 53.7% Female, 46.3% | Male, 43.4% Female, 56.6% |
| 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, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 13% |