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Insurance Sales Agent

Life As an Insurance Sales Agent

Insurance Sales Agent Definition Sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.

Life As an Insurance Sales Agent

  • Confer with clients to obtain and provide information when claims are made on a policy.
  • Customize insurance programs to suit individual customers, often covering a variety of risks.
  • Ensure that policy requirements are fulfilled, including any necessary medical examinations and the completion of appropriate forms.
  • Calculate premiums and establish payment method.
  • Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.
  • Plan and oversee incorporation of insurance program into bookkeeping system of company.

What Skills Do You Need to Work as an Insurance Sales Agent?

These are the skills Insurance Sales Agents say are the most useful in their careers:

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking: Talking to others to convey information effectively.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Persuasion: Persuading others to change their minds or behavior.

  • Business Account Leader
  • Health Insurance Sales Agent
  • Account Manager
  • Solicitor
  • Field Marketing Representative

Job Opportunities for Insurance Sales Agents

In 2016, there was an estimated number of 501,400 jobs in the United States for Insurance Sales Agent. New jobs are being produced at a rate of 9.9% which is above the national average. The Bureau of Labor Statistics predicts 49,800 new jobs for Insurance Sales Agent by 2026. There will be an estimated 54,700 positions for Insurance Sales Agent per year.

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The states with the most job growth for Insurance Sales Agent are Utah, Arizona, and Colorado. Watch out if you plan on working in Maine, Vermont, or Alaska. These states have the worst job growth for this type of profession.

Average Insurance Sales Agents Salary

The typical yearly salary for Insurance Sales Agents is somewhere between $27,500 and $125,610.

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Insurance Sales Agents who work in Massachusetts, Wisconsin, or Connecticut, make the highest salaries.

Below is a list of the median annual salaries for Insurance Sales Agents in different U.S. states.

State Annual Mean Salary
Alabama $81,410
Alaska $71,150
Arizona $59,160
Arkansas $58,340
California $76,420
Colorado $68,560
Connecticut $80,120
Delaware $60,450
District of Columbia $74,990
Florida $63,180
Georgia $59,940
Hawaii $66,150
Idaho $57,410
Illinois $69,520
Indiana $65,310
Iowa $63,130
Kansas $68,100
Kentucky $55,800
Louisiana $50,420
Maine $60,840
Maryland $66,590
Massachusetts $89,100
Michigan $66,910
Minnesota $74,140
Mississippi $61,650
Missouri $59,420
Montana $63,620
Nebraska $72,040
Nevada $70,870
New Hampshire $65,310
New Jersey $76,160
New Mexico $47,070
New York $84,540
North Carolina $69,020
North Dakota $63,940
Ohio $60,500
Oklahoma $60,010
Oregon $65,040
Pennsylvania $80,970
Rhode Island $67,880
South Carolina $58,600
South Dakota $63,180
Tennessee $57,460
Texas $62,760
Utah $54,370
Virginia $60,100
Washington $61,930
West Virginia $52,240
Wisconsin $74,690
Wyoming $57,190

Tools & Technologies Used by Insurance Sales Agents

Although they’re not necessarily needed for all jobs, the following technologies are used by many Insurance Sales Agents:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Outlook
  • Web browser software
  • Word processing software
  • Microsoft Windows
  • Spreadsheet software
  • Microsoft Dynamics
  • Facebook
  • Scheduling software
  • YouTube
  • Medical procedure coding software
  • Apple Final Cut Pro
  • LinkedIn
  • Healthcare common procedure coding system HCPCS
  • Adobe Systems Adobe AfterEffects
  • AMS Services AMS Sagitta
  • Insurance rating software

How to Become an Insurance Sales Agent

Individuals working as an Insurance Sales Agent have obtained the following education levels:

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How many years of work experience do I need?

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Who Employs Insurance Sales Agents?

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Below are examples of industries where Insurance Sales Agents work:

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Other Jobs You May be Interested In

Those interested in being an Insurance Sales Agent may also be interested in:

Career changers with experience as an Insurance Sales Agent sometimes find work in one of the following fields:

References:

Image Credit: Nick Youngson via Creative Commons 3 - CC BY-SA 3.0

More about our data sources and methodologies.

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