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Surety bond agent vs life insurance agent

The differences between surety bond agents and life 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 $37,289 average annual salary of a surety bond agent.

The top three skills for a surety bond agent include surety, bonds and customer service. The most important skills for a life insurance agent are health insurance, life insurance license, and life insurance sales.

Surety bond agent vs life insurance agent overview

Surety Bond AgentLife Insurance Agent
Yearly salary$37,289$62,552
Hourly rate$17.93$30.07
Growth rate6%6%
Number of jobs28,69068,781
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 53%
Average age4646
Years of experience--

Surety bond agent vs life insurance agent salary

Surety bond agents and life insurance agents have different pay scales, as shown below.

Surety Bond AgentLife Insurance Agent
Average salary$37,289$62,552
Salary rangeBetween $22,000 And $61,000Between $39,000 And $99,000
Highest paying City-Anchorage, AK
Highest paying state-Alaska
Best paying company-AIG
Best paying industry-Insurance

Differences between surety bond agent and life insurance agent education

There are a few differences between a surety bond agent and a life insurance agent in terms of educational background:

Surety Bond AgentLife Insurance Agent
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeHoward UniversityUniversity of Pennsylvania

Surety bond agent vs life insurance agent demographics

Here are the differences between surety bond agents' and life insurance agents' demographics:

Surety Bond AgentLife Insurance Agent
Average age4646
Gender ratioMale, 53.9% Female, 46.1%Male, 53.7% Female, 46.3%
Race ratioBlack or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.8% White, 66.6% American Indian and Alaska Native, 0.1%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%
LGBT Percentage7%7%

Differences between surety bond agent and life insurance agent duties and responsibilities

Surety bond agent example responsibilities.

  • Manage employees, handle complaints, employee scheduling, and payroll.
  • Maintain accuracy in calculating interest and commissions on surety bonds.
  • Process all bonds, error free, as necessary and where power of attorney is granted.
  • Conduct surety education sessions for sales and production staff
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Help clients with changes require to their bond in a quick and timely manner.
  • Show more

Life insurance agent example responsibilities.

  • Used consultative upselling techniques to provide leads
  • License in state of VA to sell life insurance, annuities, disability income, Medicare supplements, and LTC.
  • Use of a variety of tools to help employers compile the best possible life insurance or annuity packages to retain employees.
  • Market life insurance and annuity products
  • Maintain knowledge of states insurance laws and HIPPA compliance.
  • Examine doors, windows and gates to ensure that they are secure.
  • Show more

Surety bond agent vs life insurance agent skills

Common surety bond agent skills
  • Surety, 39%
  • Bonds, 25%
  • Customer Service, 20%
  • Court Appearances, 9%
  • Court Dates, 7%
Common life insurance agent skills
  • Health Insurance, 24%
  • Life Insurance License, 16%
  • Life Insurance Sales, 14%
  • Work Ethic, 10%
  • Lead Generation, 8%
  • Develop Leads, 5%