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 | |||||||||
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Geography | Employment | Emp SE* | Mean | Mean SE* | 10th | 25th | Median | 75th | 90th |
Southwest Minnesota | 550 | 72 | $32.77/hr | $5.42/hr | $14.44/hr | $18.94/hr | $23.78/hr | $30.47/hr | $86.82/hr |
Minnesota | 8,090 | 591 | $37.40/hr | $1.08/hr | $16.59/hr | $21.15/hr | $29.13/hr | $46.47/hr | $70.20/hr |
U S | 410,050 | 4,511 | $33.25/hr | $0.30/hr | $13.73/hr | $17.92/hr | $24.99/hr | $38.00/hr | $61.55/hr |
*SE = Standard error, a measure of the statistical reliability of the estimate. |
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Occupation (click title for details) | OES | Projections | |
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Employment | Median Wage | % Change 2022 - 2032 | |
Driver/Sales Workers | 720 | $12.22/hr | 6.9% |
Advertising Sales Agents | 130 | $18.52/hr | -11.0% |
Opticians, Dispensing | 110 | $14.48/hr | 8.2% |
Real Estate Sales Agents | 80 | $18.15/hr | -1.0% |
Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | 60 | $29.24/hr | -2.4% |
Order Clerks | 50 | $15.95/hr | -10.7% |
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.