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 5 - North Central | 70 | 6 | $26.46/hr | $6.37/hr | $16.05/hr | $17.42/hr | $20.29/hr | $25.38/hr | $40.12/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. | |||||||||
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| Occupation (click title for details) | OES | Projections | |
|---|---|---|---|
| Employment | Median Wage | % Change - | |
| Driver/Sales Workers | 290 | $9.65/hr | N/A |
| Order Clerks | 110 | $12.66/hr | N/A |
| Advertising Sales Agents | 60 | $14.21/hr | N/A |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | 40 | $27.56/hr | N/A |
| Real Estate Sales Agents | 30 | $32.54/hr | N/A |
| Opticians, Dispensing | 30 | $17.06/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.