$39,430
Avg. Salary
$15.17
Avg. Hourly Rate

Average additional compensation:

$3,600

Bonus

$825

Profit Sharing

$11,864

Commission

What am I worth?
How should I pay?

The average pay for a Life Insurance Agent is $15.17 per hour.

The average pay for a Life Insurance Agent is $39,430 per year.

10%
$9.84
10%
$15.17
50%
$24.47
90%
90%
MEDIAN $15.17
10%
$20k
10%
$39k
50%
$81k
90%
90%
MEDIAN $39,430
$19,878 - $80,673
$20K
$39K
$81K
MEDIAN: $39,430
10%
50%
90%

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$9.84 - $24.47
$9
$15
$24
MEDIAN: $15.17
10%
50%
90%

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$0$90K
Salary $19,878 - $80,673
Bonus $125 - $19,100
Profit Sharing $825
Commission $1,448 - $90,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$20,555 - $81,772
  • Country: United States
  • Currency: USD
  • Updated: 22 Apr 2019
  • Individuals Reporting: 139
Hourly Data $0$24
Hourly Rate $9.84 - $24.47
Hourly Tips $0.50
Overtime $14.50
Annual Data $0$90K
Bonus $125 - $19,100
Commission $1,448 - $90,000
Profit Sharing $825
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$20,555 - $81,772
  • Country: United States
  • Currency: USD
  • Updated: 22 Apr 2019
  • Individuals Reporting: 40

Job Description for Life Insurance Agent

Life insurance agents help families plan for the future and protect their assets. They must not only be skilled salespeople, but also possess skills in analyzing financial clients' needs, assessing risk, and understanding which organizational offerings will match clients' desires.

Read More...

Life Insurance Agent Job Listings

Pay by Experience Level for Life Insurance Agent

Pay by Experience for a Life Insurance Agent has a positive trend. An entry-level Life Insurance Agent with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 78 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Life Insurance Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $50,000 based on 12 salaries. An experienced Life Insurance Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 16 salaries. A Life Insurance Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $60,000 based on 5 salaries.

Life Insurance Agent Reviews

Q: What is it like working as a Life Insurance Agent?

Life Insurance Agent in Tacoma:
"Great."
Pros: Great people on my team. Team atmosphere
Cons: All the driving

Life Insurance Agent in South Portland:
"I can write life insurance myself."
Don't be afraid of asking people about life insurance.

Related Job Salaries

Key Stats for Life Insurance Agent

Gender

Female
46 %
Male
54 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.
Less than 1 year
20%
1-4 years
50%
5-9 years
13%
10-19 years
11%
20 years or more
7%

Experience Affects Life Insurance Agent Salaries

Late-Career
▲49%

Mid-Career
▲25%

National Average
$40,000

Entry-Level
▼1%

Experienced
▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
20%
1-4 years
50%
5-9 years
13%
10-19 years
11%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 54%
dental benefits
Dental: 42%
vision benefits
Vision: 37%
no benefits
None: 44%