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 |
| Seven County Mpls-St Paul, MN | 5,560 | 549 | $38.40/hr | $1.19/hr | $17.55/hr | $22.00/hr | $30.30/hr | $48.72/hr | $70.86/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 | |
|---|---|---|---|
| Employment | Median Wage | % Change 2020 - 2030 | |
| Driver/Sales Workers | 7,310 | $12.24/hr | 14.2% |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | 4,920 | $35.38/hr | 4.3% |
| Real Estate Sales Agents | 2,110 | $19.04/hr | 4.2% |
| Advertising Sales Agents | 1,640 | $25.29/hr | -4.3% |
| Order Clerks | 1,610 | $17.01/hr | -21.4% |
| Opticians, Dispensing | 1,120 | $19.20/hr | 7.8% |
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.
