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 7W- Central | 230 | 81 | $24.84/hr | $3.20/hr | $10.81/hr | $14.60/hr | $25.56/hr | $32.19/hr | $36.66/hr |
| Minnesota | 5,350 | 423 | $28.79/hr | $1.24/hr | $15.11/hr | $19.26/hr | $23.61/hr | $31.51/hr | $49.92/hr |
| U S | 336,740 | 4,041 | $30.70/hr | $0.28/hr | $12.65/hr | $16.57/hr | $23.31/hr | $35.35/hr | $56.62/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 | 370 | $10.92/hr | N/A |
| Opticians, Dispensing | 160 | $16.93/hr | N/A |
| Order Clerks | 140 | $14.15/hr | N/A |
| Advertising Sales Agents | 100 | $22.59/hr | N/A |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | 90 | $36.74/hr | N/A |
| Real Estate Sales Agents | N/A | $17.00/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.