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Life Insurance Sales Representative Salary
in Chicago, Illinois

$52,859 (USD)

Average Salary

$25/hr

Average Hourly

$6,777

Average Bonus

Last updated: June 17, 2019

Salary Recap

The average pay for a Life Insurance Sales Representative is $52,859 a year and $25 an hour in Chicago, Illinois, United States. The average salary range for a Life Insurance Sales Representative is between $31,135 and $66,358. On average, a Bachelor's Degree is the highest level of education for a Life Insurance Sales Representative. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

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Job Summary

Description:
  • Sells life insurance policies to new or existing customers in assigned area or territory.
  • Creates prospect list and new accounts.
  • Calls on and interacts directly with new and existing customers or clients to explain features and merits of policies offered, recommending amount and type of coverage based on analysis of prospect's circumstances, and utilizing persuasive sales techniques.
  • Requires license to sell life insurance.
Life Insurance Sales Representative Job Prevalence in Chicago, Illinois, United States

Job family: Insurance Sales Agents

Job family population: 386,320

Estimated population of Life Insurance Sales Representative jobs: 138,480

Rate of error: 1.2%

Salary Potential

Estimated salary in 2024:
$61,278
5 Year Change:
16 %

Education

Skills

About Chicago, Illinois

Chicago Cost of Living Score:

Description: Chicago ( (listen), locally also ), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,705,994 (2018), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States. Located on the shores of freshwater Lake Michigan, Chicago was incorporated...

Life Insurance Sales Representative Job Listings for Chicago, Illinois

Sales Representative
Jun 12
Oak Park, IL, USA
Colonial Life
... for a sales representative to join its market-leading team. The person in this position is ... Life and Health Insurance License is required, but can be attained during the onboarding process ...
Inside Sales Representative - Insurance
May 23
Lyons, United States
Efinancial
Fidelity Life is a leading provider of financial security for middle market consumers. With a ... Successfully graduate from a Business Development Representative to a full Inside Sales Account ...
Sales Rep & Management / Flexible Schedule / Life License
Jun 17
Gary, IN, USA
The Herbert Agency
We are looking for Part-time and Full-time Sales Representatives and Sales Managers. ... As a Representative, your duties will be to help Middle Income America with their insurance needs.
Life Insurance Sales - NO Cold Calling!
Jun 16
Hammond, IN, USA
Lambert Insurance Agency, LLC
... sale · 70% starting commission rate with opportunity to reach 120% · Equity Bonus program · Earn ... represents several "A" rated insurance companies that specialize in: Life Insurance, Mortgage ...
Outside Mortgage Protection/Life Insurance Sales Representative
Jun 13
Valparaiso, IN, USA
Symmetry Financial Group
Learn how ★★★Ambitious Sales People★★★ are moving away from the temporary income model ... The best part is... We help clients protect their journey through life. ☛ NOW WHAT? If this ...
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