DETAILED OCCUPATION DATA
41-3021 Insurance Sales Agents
Occupational Description:
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.| Percentiles | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Geography | Employment | Emp SE* | Mean | Mean SE* | 10th | 25th | Median | 75th | 90th |
| EDR 2 - Headwaters | 20 | 3 | $23.75/hr | $1.67/hr | $16.20/hr | $17.19/hr | $18.85/hr | $30.41/hr | $37.82/hr |
| Minnesota | 5,120 | 389 | $29.52/hr | $1.36/hr | $15.77/hr | $19.61/hr | $24.41/hr | $33.53/hr | $50.37/hr |
| U S | 321,780 | 3,218 | $31.36/hr | $0.28/hr | $12.90/hr | $16.85/hr | $23.62/hr | $36.09/hr | $57.40/hr |
| *SE = Standard error, a measure of the statistical reliability of the estimate. | |||||||||
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Occupation (click title for details) | OES | Projections | |
|---|---|---|---|
| Employment | Median Wage | % Change - | |
| Driver/Sales Workers | 130 | $11.12/hr | N/A |
| Order Clerks | 40 | $11.55/hr | N/A |
| Advertising Sales Agents | 30 | $22.15/hr | N/A |
| Real Estate Sales Agents | 10 | $30.71/hr | N/A |
Tasks for Insurance Sales Agents
- Advises clients of broker (independent agent) in selecting casualty, life, or property insurance.
- Discusses advantages and disadvantages of various policies.
- Selects company that offers type of coverage requested by client to underwrite policy.
- Contacts underwriter and submits forms to obtain binder coverage.
- Plans and oversees incorporation of insurance program into bookkeeping system of company.
- Installs bookkeeping systems and resolves system problems.
- Establishes client's method of payment.
- Explains necessary bookkeeping requirements for customer to implement and provide group insurance program.
- Explains group insurance programs to promote sale of insurance plan.
- Calls on policyholders to deliver and explain policy, to suggest additions or changes in insurance program, or to change beneficiaries.