Will “Life Insurance Salesperson” be Replaced By Robots? 🤔
92% Chance of Automation
“Life Insurance Salesperson” will probably be replaced by robots.
This job is ranked #565 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍
Job 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.
Job Details
- The SOC (Standard Occupational Classification) code is 41-3021.00
- The Mean Annual Wage in the U.S. is $ 67,760.00
- The Mean Hourly Wage is $ 32.00
- Currently, there are 385,700 people on this job
☝️ Information based on the reference occupation “Insurance Sales Agents”.
Also Known As…
- Insurance Sales Agents
- Underwriting Sales Representative
- Sales Representative
- Sales Agent
- Producer
- Insurance Sales Agent
- Insurance Broker
- Insurance Agent
- Agent
- Account Manager
- Account Executive
- Surety Bond Agent
- Strategic Account Executive
- Solicitor
- Service Representative
- Selling Underwriter
- Sales Specialist
- Sales Special Agent
- Sales Associate
- Representative
- Policy Writer, Sales
- Placer
- Pension Agent
- Outside Sales Representative
- Organizer
- Network Contractor
- Life Insurance Agent
- Licensed Insurance Sales Agent
- Insurance Underwriter, Sales
- Insurance Special Agent
- Insurance Solicitor
- Insurance Salesperson
- Insurance Salesman
- Insurance Representative
- Inside Sales Representative
- Home Office Representative
- Health Insurance Specialist
- Health Insurance Sales Agent
- Group Leader
- Group Insurance Specialist
- Group Insurance Special Agent
- Financial Representative
- Field Service Representative
- Field Representative
- Field Marketing Representative
- Estate Planner
- Enrollment Specialist
- District Sales Coordinator
- District Agent
- Debit Agent
- Customer Service Representative (CSR)
- Contact Worker
- Contact Person
- Compensation Agent
- Commercial Lines Insurance Agent
- Business Account Leader
- Burial Agent
- Broker
- Bond Writer
- Accounts Executive
- Account Specialist
- Account Representative
- Account Leader
Tasks for “Life Insurance Salesperson”
- Select company that offers type of coverage requested by client to underwrite policy.
- Install bookkeeping systems and resolve system problems.
- Ensure that policy requirements are fulfilled, including any necessary medical examinations and the completion of appropriate forms.
- Sell various types of insurance policies to businesses and individuals on behalf of insurance companies, including automobile, fire, life, property, medical and dental insurance, or specialized policies, such as marine, farm/crop, and medical malpractice.
- Perform administrative tasks, such as maintaining records and handling policy renewals.
- Calculate premiums and establish payment method.
- Develop marketing strategies to compete with other individuals or companies who sell insurance.
- Plan and oversee incorporation of insurance program into bookkeeping system of company.
- Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.
- Customize insurance programs to suit individual customers, often covering a variety of risks.
- Contact underwriter and submit forms to obtain binder coverage.
- Inspect property, examining its general condition, type of construction, age, and other characteristics, to decide if it is a good insurance risk.
- Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries.
- Interview prospective clients to obtain data about their financial resources and needs, the physical condition of the person or property to be insured, and to discuss any existing coverage.
- Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.
- Explain necessary bookkeeping requirements for customer to implement and provide group insurance program.
- Seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.
- Confer with clients to obtain and provide information when claims are made on a policy.
- Attend meetings, seminars, and programs to learn about new products and services, learn new skills, and receive technical assistance in developing new accounts.
Related Technology & Tools
- Pen-based computers
- Desktop computers
- Notebook computers
- Digital cameras
- Laptop computers
- Laser printers
- Laser facsimile machines
- Postage meters
- Personal computers
- Tritech Financial Systems General Insurance Management System GIMS
- E-Z Data SmartOffice
- Terrace Consulting AgencyInsight
- Vulcan Solutions Vulcan Insurance
- Spreadsheet software
- Word processing software
- irs-aims MARS
- MI-Assistant MI Management System
- NaviSys Front Office
- Agency Master
- Applied Systems The Agency Manager
- GBS Agency Expert
- CPU Tracker Software CPU Tracker
- FINEOS Insure
- North American Software Associates Eclipse
- Microsoft PowerPoint
- Cygnus Software IncomeMax
- G2X Agility:Insurance
- Insurance Technology Consultants WOW
- Allstar Software Systems Kofax
- Adobe Systems Adobe AfterEffects
- Insurance rating software
- Agency management software
- Insurance Systems WebWriter BackOffice
- CoVirt VirtGate
- LIDP Consulting Services The Administrator
- Microsoft Outlook
- Agency Software AgencyPro
- Web browser software
- Special Agent
- Insurance analysis software
- Microsoft Office
- AMS Services AMS 360
- Microsoft Word
- Online Database Solutions Agent Intelligence
- Healthcare common procedure coding system HCPCS
- DORIS FILESERVERonline
- Scheduling software
- Hoffman Computer Systems Amsoft
- YouTube
- Allied Financial Software Act4Advisors
- Tangle S Creations Your Insurance Office
- AMS Services AMS Sagitta
- Skywire Software Policyware
- Fiserv FSC Manager
- Infospectrum Quick Insure
- Insurance Technologies Corporation InsurancePro
- Underwriting software
- InStar Orion
- Microsoft Excel
- United Systems and Software Individual Life and Health Administration System
- Benefits Technology Group SalesLogix
- Results International Systems Artius Suite
- Applied Systems Vision
- Advantage Information Systems The Agency Advantage
- Medical procedure coding software
- QuickQuote QuickFile Agency Management System
- Insurance Technologies ForeSight Enterprise