Will “Insurance Consultant” be Replaced By Robots? 🤔

58% Chance of Automation

“Insurance Consultant” will maybe be replaced by robots.

This job is ranked #324 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

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.

Job Details

The SOC (Standard Occupational Classification) code is 13-2052.00
The Mean Annual Wage in the U.S. is $ 123,100.00
The Mean Hourly Wage is $ 59.00
Currently, there are 201,850 people on this job

☝️ Information based on the reference occupation “Personal Financial Advisors”.

Also Known As…

Tasks for “Insurance Consultant”

Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Recruit and maintain client bases.
Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
Monitor financial market trends to ensure that client plans are responsive.
Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
Answer clients' questions about the purposes and details of financial plans and strategies.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
Contact clients periodically to determine any changes in their financial status.
Devise debt liquidation plans that include payoff priorities and timelines.
Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
Manage client portfolios, keeping client plans up-to-date.
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
Investigate available investment opportunities to determine compatibility with client financial plans.
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.

Related Technology & Tools

Personal computers
Personal digital assistants PDA
Desktop computers
Notebook computers
Tablet computers
10-key calculators

Getting Things Done GTD software
Impact PlanLabX3
Brentmark Stock Option Risk Analyzer
AdviceAmerica AdvisorVision
ExpenseWatch
Tax planning software
Oracle PeopleSoft Financials
Microsoft Dynamics
PlanScan Portfolio Pathfinder
Estate planning software
Financial Profiles Profiles+ Professional
Oracle E-Business Suite Financials
Intuit Quicken
Oracle Hyperion
ScanSoft PaperPort Pro
Unger Software Methusaleh
WealthTec AllocationPro
Financeware AASim
Microsoft Excel
Cygnus IncomeMax
Automatic Data Processing ProxyEdge
Salesforce software
Morningstar Principia
Web Information Solutions Pocket Informant
Ibbotson Analyst
Practice management software PMS
Financeware WealthSimulator
Microsoft Word
Retirement planning software
IBM Domino
Investment and business valuation template software
IMPACT Wealth Distribution Analysis
Finance Logix Insurance Planner
eMoneyAdvisor AdvisorPlatform
Ibbotson Portfolio Strategist
The Omni Group OmniPlan
Host Analytics Host Budget
ACT! ACT4Advisors
Monte Carlo simulation software
WealthTec WealthMaster
Microsoft Money
Needs analysis software
IBM Lotus 1-2-3
MoneyTree Silver Financial Planner (presentation feature)
ComplianceMAX
Pimlico Software DateBk
ASI Client Acquisition Solution
Cheshire Financial Planning Suite
Portfolio management software
DataViz Beyond Contacts
Financial Planning Consultants Practice Builder
SunGard PlanningStation
Finance Logix Education Planner
Microsoft Office
ProTracker Advantage
Structured query language SQL
MasterPlan
Microsoft PowerPoint
PIE Technologies MoneyGuidePro
Fund accounting software
Thomson ONE Advisor
EZ-Data Client Data System
Asset allocation software
SunGard LockBox
Investigo
Finance Logix Retirement Planner
Financeware Finance File Manager
Cabinet NG CNG-SAFE
Estate Capitol Needs Analysis
Advent Axys
Financial planning software
Corel QuattroPro
CRM Software Junxure-i
PlanPlus Pro
Web browser software
EISI NaviPlan
World Software Corporation Worldox
J&L Financial Planner
Microsoft Access
MoneyTree Silver Financial Planner (financial analysis feature)
ScenarioNow RetireNow
Microsoft Business Contact Manager
SunGard WebPlaid
Investment tracking software
Financial planning presentation software
Sawhney ExecPlan
CRM Software Junxure
Advisory World ICE
Optima IAS
SunGard Frontier
Torrid Retirement Planner
Redtail Technology Our Business Online
Education planning software
WealthTec Foundations
Sage 50 Accounting
Net Worth Strategies Stock Opter Pro
Financial report generation software