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 | N/A | 123 | $24.48/hr | $3.80/hr | $10.80/hr | $13.24/hr | $24.02/hr | $33.00/hr | $37.30/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 | 330 | $10.01/hr | N/A |
| Opticians, Dispensing | 180 | $16.62/hr | N/A |
| Order Clerks | 160 | $14.21/hr | N/A |
| Advertising Sales Agents | 140 | $19.77/hr | N/A |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | 40 | $39.85/hr | N/A |
| Real Estate Sales Agents | N/A | $17.69/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.