Years of Experience
Average pay is approximately $50K annually for those with five to nine years of experience. The greater proportion of employees (47 percent) report one to four years of experience and bring home median pay of around $36K per year.
The highest pay by state can be found in California, where salaries average out at about $53K annually.
Life Insurance Agents represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $45K per year — though Insurance Agents also do fairly well at $44K annually.
Certifications and Degrees
Licensed Life Insurance Agents are compensated at a much higher rate than non-authorized workers, bringing in close to $50K per year. American Income Life Insurance Company compensates Bachelor's Degree-holders the most at $38K annually.
In this role, the best-paying skill appears to be Team Leadership; individuals who claim it among their capabilities enjoy a higher median salary of about $48K per year. Folks here also tend to know Microsoft Office; on the survey, close to one-third of workers named it in their skills portfolios.
Benefits and Perks
A third of workers — the minority — enjoy both paid vacation and paid sick time. It's easy to build up retirement reserves here with programs such as a 401(k) plan and a company pension plan. Just over a half of workers report having health insurance, and nearly one in three workers report having dental coverage.