What does an insurance sales producer do in the US?

WANT to ensure your future success? Then land a job in insurance sales.

Billed by industry bible ‘Investopedia’ as one of the only jobs where you can make over $100,000 in your first year, it’s a high-growth industry with plenty of opportunities.

Look at what’s on offer in this trio of exciting insurance roles.

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What does an insurance sales producer do?

Insurance producers – also known as insurance agents - sell all types of insurance policies, from auto to health and life insurance.

They also write insurance proposals and use sales skills to gain and keep new insurance clients.

What kind of salary can I earn as an insurance producer?

Most of your compensation will be commission based so your pay will depend on how good you are at the job.

You’ll be able to earn anything from three per cent to 90 per cent of the value of the policy you sell, with life insurance typically offering the highest returns.

However, it will mean that your baseline salary is low. Estimates for a typical insurance producer's salary range from a low of $59,080 to $115,293, with an average salary of $94,383.

The good news is the industry is expanding rapidly with 45,000 vacancies each year and a projected growth rate of eight per cent to 2032.

What qualifications will I need to get a job as an insurance producer?

Selling insurance is essentially a financial sales job, so your skill and aptitude as a salesperson are most sought-after.

As a minimum, you will need a high school diploma, but most companies prefer to hire agents with a bachelor’s degree.

You also need to study for a 20-50 hour class and pass a state-administered licensing exam.

What else do I need to know?

A strong background in sales can get you hired, so consider taking a sales job in a less competitive area first, to see if the overall role is right for you.

Also, when looking for a new job, it pays to apply to companies that have received favourable reviews from rating agencies like Moody's and Standard & Poor's.

Discover thousands of open vacancies for all jobs across the U.S. now on The Sun Job Board.