Do you want to know How Many Jobs Are Available In Life Insurance 2025?
Then you’ve come to the right place.
The life insurance industry offers a wide range of career opportunities, from sales agents to underwriters and actuaries.
In 2025, the demand for skilled professionals is expected to grow, driven by the increasing need for financial planning and risk management.
With diverse roles available, individuals can find careers that match their skills and interests, providing job stability, competitive salaries, and opportunities for career advancement.
Grab a chilled glass of water and keep reading…
ALSO READ: How Many Jobs Are Available in Metal Fabrications in 2025?
What is Life Insurance?
Life insurance is a contract between a life insurance company and a policyholder.
The company provides a payment to the policyholder’s beneficiaries upon their passing or to the insured after a set period, depending on the policy terms.
To receive these benefits, the policyholder pays either:
- A single premium upfront, or
- Regular premiums (e.g., yearly) throughout their lifetime.
There are two main types of life insurance:
- Term Life Insurance:
- Coverage lasts for a specified number of years.
- Ends when the term expires.
- Permanent Life Insurance:
- Coverage continues until the insured stops paying premiums or passes away.
How Many Jobs Are Available in Life Insurance?
According to the Bureau of Labor Statistics (BLS) in 2021, there were:
- 523,200 Insurance Sales Agent jobs.
- 28,300 Actuary jobs.
- 327,500 Claims Adjusters, Appraisers, Examiners, and Investigators jobs.
- 123,300 Underwriting jobs.
ALSO READ: How Many Jobs Are Available In Industrial Machinery Components in 2025?
Top States for Life Insurance Jobs
Insurance Sales Agent Jobs
States with the highest concentration:
- Nebraska: 5,220 jobs
- South Dakota: 1,900 jobs
- Iowa: 6,460 jobs
- Georgia: 18,650 jobs
- Colorado: 11,090 jobs
Insurance Underwriter Jobs
States with the highest concentration:
- Connecticut: 3,110 jobs
- Georgia: 7,580 jobs
- Iowa: 2,060 jobs
- Rhode Island: 590 jobs
- Kansas: 1,730 jobs
Actuary Jobs
States with the highest concentration:
- Connecticut: 1,270 jobs
- Iowa: 650 jobs
- Pennsylvania: 2,320 jobs
- Illinois: 1,940 jobs
- Nebraska: 290 jobs
Claims Adjusters, Examiners, and Investigators Jobs
States with the highest concentration:
- Arizona: 10,690 jobs
- Nebraska: 3,120 jobs
- Florida: 26,430 jobs
- Maine: 1,810 jobs
- Georgia: 12,580 jobs
This summary provides an overview of life insurance, its types, and job opportunities in the industry.
Types of Jobs in Life Insurance
1. Life Insurance Agent
- National Average Salary: $58,509 per year
- Primary Duties:
- Sell life, disability, and health insurance to clients.
- Seek new prospects and maintain a client base.
- Consult clients to assess insurance needs and budgets.
- Provide rate quotes and assist with paperwork.
- Support clients with long-term financial planning and coverage updates.
2. Claim Adjuster
- National Average Salary: $63,093 per year
- Primary Duties:
- Determine insurance settlements based on injury or property damage.
- Inspect property and physical damage.
- Analyze information from various sources to assess claim liability.
- Prepare claim reports, calculate payments, and negotiate settlements.
3. Insurance Underwriter
- National Average Salary: $98,311 per year
- Primary Duties:
- Assess risks to determine if insurance can be provided.
- Analyze insurance proposals using software.
- Set premium amounts and assist with policy wording.
- Maintain records of underwritten policies.
4. Insurance Broker
- National Average Salary: $81,208 per year
- Primary Duties:
- Act as a liaison between clients and insurance companies.
- Research and recommend policies that meet client needs.
- Negotiate terms and costs with insurance providers.
- Support clients during policy applications, renewals, and after purchases.
5. Claims Consultant
- National Average Salary: $75,020 per year
- Primary Duties:
- Process claims and review insurance coverage.
- Issue transaction documentation and assess potential risks.
- Review financial records and process new claims reports.
- Notify clients about updates, such as due premiums or transfers.
6. Life Insurance Attorney
- National Average Salary: $97,777 per year
- Primary Duties:
- Protect clients’ rights during claims disputes.
- Help families secure benefits when claims are denied.
- Provide legal advice and prepare legal documents.
- Collect facts about cases and explain policy terms to clients.
7. Life Insurance Actuary
- National Average Salary: $120,164 per year
- Primary Duties:
- Determine life insurance pricing and premiums.
- Minimize costs and risks while ensuring profitability.
- Perform financial analysis and assess customer uncertainties.
- Create reports for management and sales teams.
ALSO READ: How Many Jobs Are Available In Auto Parts OEM 2025?
How to Get Into the Life Insurance Field
Follow these steps to start a career in life insurance:
1. Earn a High School Diploma
- Minimum Requirement: A high school diploma or GED is required for most life insurance roles, including agents, brokers, underwriters, or claim adjusters.
- Recommended Courses: Marketing, finance, math, and communications to build a strong foundation.
2. Earn a Degree
- Roles That Require a Degree: Claims adjusters, actuaries, and other advanced positions.
- Recommended Fields of Study: Accounting, finance, actuarial science, marketing, or business-related fields.
- Advanced Opportunities: For leadership roles like consultants, managers, or directors, consider pursuing a master’s degree.
3. Get a License
- Who Needs It: Life insurance agents and brokers in most states.
- Steps to Obtain:
- Research state-specific licensing requirements (e.g., exams, background checks, and fingerprinting).
- Some companies assist with licensing; others require candidates to obtain it independently.
4. Apply for Jobs
- Where to Search: Job boards like Indeed and company career pages.
- Boost Your Chances:
- Create a professional resume showcasing education, work history, skills, and certifications.
- Write a compelling cover letter tailored to each application.
- Network with industry professionals through events and organizations.
Qualifications for the Life Insurance Industry
The following skills and qualifications can help you succeed:
1. Communication Skills
- Importance: Clearly explain complex policies to clients in simple terms.
- Active Listening: Understand clients’ needs and address objections.
- Professionalism: Use patience and clarity when discussing policies.
2. Customer Service Skills
- Goal: Build and maintain strong client relationships.
- Key Actions: Respond promptly, provide support, and show appreciation to clients.
3. Sales Aptitude
- Value to Employers: Generate leads, close sales, and meet quotas to grow the company’s profit.
- Key Skills: Convincing prospects to buy beneficial policies for both parties.
4. Computer Skills
- Use in the Job:
- Maintain transaction records using spreadsheets.
- Create presentations for clients and team performance reviews.
5. Financial Planning Knowledge
- Why It’s Useful: Helps clients plan for long-term financial security.
- Areas to Learn: Individual retirement accounts (IRAs), annuities, and budgeting strategies.
6. Problem-Solving Skills
- Example: Resolving issues like application errors or delayed claims.
- Key Approach: Analyze the situation, ask the right questions, and provide effective solutions.
7. Decision-Making Skills
- Key Role: Recommend policies that meet clients’ unique needs.
- Outcome: Satisfied clients are more likely to repeat business and refer others.
This structured approach equips you with the tools and knowledge to thrive in the life insurance industry.
ALSO READ: 21 Best Paying Jobs in EDP Services in 2025?
How Many Life Insurance Companies Are There?
In India, there are approximately 24 life insurance companies, with Life Insurance Corporation (LIC) being the only public sector insurance company among them.
How Many People Can Be on Life Insurance?
- You can name more than one beneficiary on a life insurance policy.
- Options include naming a single beneficiary or multiple beneficiaries to share the benefits.
Life Insurance Beneficiary Tips are;
- Ensure beneficiaries are clearly named to avoid disputes.
- Specify the percentage of the benefit each beneficiary will receive if there are multiple.
What Are the 5 Types of Life Insurance?
There are five main types of life insurance, each designed to meet specific coverage needs:
- Term Life Insurance
- Whole Life Insurance
- Universal Life Insurance
- Variable Life Insurance
- Final Expense Life Insurance
What are the top 4 life insurance companies?
| Company | Best For | AM Best Financial Strength Rating |
|---|---|---|
| Nationwide | Customer satisfaction | A (Excellent) |
| Northwestern Mutual | Universal life insurance | A++ (Superior) |
| Prudential | Policy personalization | A+ (Superior) |
| State Farm | Term life insurance | A++ (Superior) |
Conclusion:
The life insurance industry continues to thrive, offering numerous job opportunities in roles such as sales agents, underwriters, and actuaries.
As the demand for financial security and insurance services grows, the industry provides stable careers with competitive salaries and room for advancement.
Whether you’re starting a new career or looking to transition, the life insurance sector in 2025 offers a promising path for those with the right skills and dedication.
