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Updated July 11, 2022

Average Life Insurance Agent Salary

$62,723 yearly
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$30.16 hourly

Entry level Salary
$41,000 yearly
$41,000
10 %
$62,723
Median
$94,000
90 %

How much does a Life Insurance Agent make?

Life insurance agents make $62,723 per year on average, or $30.16 per hour, in the United States. Life insurance agents on the lower end of that spectrum, the bottom 10% to be exact, make roughly $41,000 a year, while the top 10% makes $94,000.

Location impacts how much a life insurance agent can expect to make. Life insurance agents make the most in Alaska, Wisconsin, New Hampshire, Massachusetts, and Hawaii.

Highest Paying States For Life Insurance Agents

The darker areas on the map show where life insurance agents earn the highest salaries across all 50 states.

  • State View
  • County View
Average Salary:

Life Insurance Agent average salary by State

Rank  State  Avg. Salary  Hourly Rate  Job Count  
1Wisconsin$88,284$42.44578
2New Hampshire$87,608$42.12193
3South Dakota$85,391$41.05124
4Rhode Island$85,437$41.08141
5Nebraska$79,374$38.16319
6Ohio$79,194$38.071,377
7Massachusetts$87,465$42.05965
8North Dakota$84,356$40.5694
9Arizona$77,767$37.39920
10Michigan$76,756$36.90947
11Vermont$76,461$36.76134
12Oregon$78,294$37.64563
13New York$86,712$41.691,126
14Minnesota$84,756$40.75482
15Alaska$89,151$42.8666
16Alabama$75,622$36.36504
17District of Columbia$96,690$46.49101
18Connecticut$80,944$38.92308
19Pennsylvania$73,092$35.141,500
20Hawaii$86,730$41.7096
21Wyoming$70,977$34.1292
22Indiana$75,830$36.46558
23Maine$76,360$36.71108
24New Jersey$81,156$39.02584
25Delaware$72,606$34.91167
26Washington$78,301$37.64601
27Nevada$70,446$33.87265
28Illinois$75,558$36.331,069
29Montana$70,930$34.10147
30Iowa$73,957$35.56295
31Colorado$72,315$34.77724
32California$74,822$35.972,907
33Tennessee$66,492$31.97642
34Kansas$70,302$33.80270
35Missouri$66,269$31.86820
36Arkansas$65,392$31.44329
37South Carolina$67,829$32.61425
38Louisiana$68,593$32.98278
39Mississippi$67,009$32.22192
40Utah$63,606$30.58427
41North Carolina$68,824$33.09588
42Kentucky$67,653$32.53156
43Maryland$71,572$34.41454
44Texas$65,811$31.641,883
45Idaho$64,874$31.19177
46Florida$61,846$29.731,822
47Oklahoma$63,276$30.42334
48West Virginia$62,306$29.95120
49New Mexico$57,567$27.68177
50Virginia$64,393$30.96639
51Georgia$60,920$29.29820

Highest Paying Cities For Life Insurance Agents

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Rank  City  Avg. Salary  Hourly Rate  
1Milwaukee, WI$88,211$42.41
2Boston, MA$87,492$42.06
3New York, NY$86,463$41.57
4Providence, RI$85,410$41.06
5Saint Paul, MN$84,896$40.82
6Cleveland, OH$81,206$39.04
7Fremont, NE$80,127$38.52
8Bellevue, WA$78,945$37.95
9Portland, OR$77,537$37.28
10Portland, ME$76,705$36.88
11Burlington, VT$76,267$36.67
12Birmingham, AL$75,580$36.34
13Indianapolis, IN$75,310$36.21
14Los Angeles, CA$74,363$35.75
15Des Moines, IA$73,172$35.18

Life Insurance Agent Salary Details

Life Insurance Agent Salary

What is a Life Insurance Agent's Salary?

Percentile  Annual Salary  Monthly Salary  Hourly Rate  
90th Percentile$94,000$7,833$45
75th Percentile$77,000$6,417$37
Average$62,723$5,227$30
25th Percentile$50,000$4,167$24
10th Percentile$41,000$3,417$20

Average Salary By Related Titles

Job Title  Annual Salary  Monthly Salary  Hourly Rate  Job Openings  
Sales Producer$66,772$5,564$32.1041,951
Agent$35,399$2,950$17.02184,325
Marketing Agent$45,108$3,759$21.69112,353
Field Agent$32,602$2,717$15.6796,067
Insurance Sales Representative$75,066$6,255$36.09201,879
Geek Squad Agent$30,782$2,565$14.8028,603

Here are the five companies hiring the most now:

  1. Primerica Jobs (494)
  2. AIG Jobs (48)
  3. New York Life Insurance Jobs (470)
  4. Combined Insurance Jobs (30)
  5. Assurance Jobs (572)

Which Companies Pay Life Insurance Agents The Most?

According to our most recent salary estimates, Primerica and AIG are the highest paying companies for life insurance agents.
Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Primerica$120,019$57.7025
2AIG$105,748$50.8415
3New York Life Insurance$102,243$49.16192
4The Mahoney Group$100,499$48.32
5Zander Insurance$95,752$46.035
6Senior plc$87,627$42.13136
7Assurance$78,082$37.54
8Lincoln Heritage$75,354$36.23
9Ross Stores$70,501$33.89
10Primerica Financial Services - Georgetown, Tx$70,024$33.672
11The Assurance Group$68,289$32.83
12Asurea$66,886$32.16395
13National Agents Alliance$65,823$31.652373
14Auto Club Speedway$62,723$30.16
15Family First Life$62,723$30.16
16Southwest Health and Human Services$62,723$30.16
17Capital Title Insurance Agency$62,723$30.16
18Symmetry Financial Group$62,723$30.16
19North American Senior Benefits$62,723$30.16
20Prominence Advisors$62,723$30.16

Life Insurance Agent Salary Trends

The salary for a life insurance agent can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Average Life Insurance Agent Salary Over Time

Compare salaries for individual cities or states with the national average.

    Life Insurance Agent Salary By Year

    Year  Avg. Salary  Hourly Rate  % Change  
    2022$62,700$30.16+2.4%
    2021$61,200$29.44+0.7%
    2020$60,800$29.24+1.8%
    2019$59,800$28.73-0.6%
    2018$60,100$28.89+3.6%

    Recently Added Life Insurance Agent Salaries

    Company  Job  Location  Date Added  Salary  
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dSeattle, WA06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dCharleston, SC06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dRaleigh, NC06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dWashington, DC06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dOklahoma City, OK06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dGulfport, MS06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dMeridian, ID06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dNew Haven, CT06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dDover, DE06/01/2022$75,000
    National Agents AllianceLife Insurance Agents-Life Insurance Licensed Req'dVirginia Beach, VA06/01/2022$75,000

    Life Insurance Agent Salaries FAQs

    What state pays Life Insurance Agents the most?

    Alaska pays Life Insurance Agents the most in the United States, with an average salary of $96,690 per year, or $46.49 per hour.

    How do I know if I'm being paid fairly as a Life Insurance Agent?

    You know if you are being paid fairly as a Life Insurance Agent if your pay is close to the average pay for the state you live in. For example, if you live in Alaska you should be paid close to $89,151 per year.

    What type of Life Insurance Agent gets paid the most?

    Insurance Broker gets paid the most. Insurance Broker made a median salary of $97,765. The best-paid 10 percent make $117,000, while the lowest-paid 10 percent make $81,000.

    Do insurance agents make a base salary?

    No, insurance agents do not make a base salary. The vast majority of life insurance sales jobs are straight commission, which means no base salary. That's not to say that insurance agents do not make decent money.

    Do insurance agents make good money?

    Yes, insurance agents make good money. The national average pay for an insurance agent is $79,730 a year. However, it can vary widely, starting as little as $20,000 a year to as much as $174,000 a year.

    Do life insurance agents make good money?

    Yes, life insurance agents make good money. The national average pay for a life insurance agent is $79,730 a year. However, it can range from as high as $174,000 a year to as low as $20,000 a year.

    How much does a life insurance agent make in commission?

    A life insurance agent makes an average of $88,890 a year in commission.

    A life insurance agent may make 40% to 90% of the first-year premium as a commission. A term life policy lasts for a specific time, such as five, ten, or 20 years.

    Is selling life insurance a good career opportunity?

    Yes, selling life insurance is a good career opportunity. Here are some of the major benefits of becoming an insurance agent:

    • Potentially unlimited salary - Depending on your level within an agency or position in an insurance company, your compensation may include commissions on your sales. This means that the more you sell, the more you make. No ceiling.

    • Low barrier of entry - A license and a hunger to learn and work hard are the only things you need to enter as an insurance agent.

    • Flexibility - Insurance agents that work at whichever time of the day makes the most sense for them. This means that you have the ability to work outside the standard nine-to-five shift.

    • Helping people - When an insurance agent delivers a claim check to someone, they are delivering peace of mind. It's more than just dollars; it's an assurance that they will be able to make it through life after a loss.

    Who is the highest-paid insurance agent?

    The highest-paid insurance agent is Gideon du Plessis. Gideon is from India, but sales insurance works wide. He earns an annual commission amounting to $70 million.

    A record he has maintained over the last 12-14 years, selling 700 policies yearly. What's equally impressive is that Gideon failed in the 10th standard and never went to college. Yet today, he is the highest-earning insurance agent in the world.

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