Licensed Insurance Agent Salary at National Benefit Plans Ltd BETA

How much does a National Benefit Plans Ltd Licensed Insurance Agent make?

As of December 2024, the average annual salary for a Licensed Insurance Agent at National Benefit Plans Ltd is $74,399, which translates to approximately $36 per hour. Salaries for Licensed Insurance Agent at National Benefit Plans Ltd typically range from $65,123 to $88,914, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

National Benefit Plans Ltd Overview

Website:
nationalbenefitplans.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Insurance

The Principal of NBP was one of the original owners of Texas Dental Plan. Texas Dental Plan was one of the first discount dental plans in the state of Texas. It was extremely successful and quickly grew to include provider networks in 17 states and was known as National Dental Plan outside of Texas. Its clients included Humana, PacifiCare, Oshner, hundreds of ISD's and thousands of employer groups within the private sector. Texas Dental Plan and National Dental Plan were acquired by CompDent, a publicly traded company, in 1996. In 2001, National Benefit Plans was established to offer select discount and lifestyle benefit services to insurance companies, TPA's, employer groups and individuals. The SafetyNetsPlus branded package of benefits was developed by National Benefit Plans to meet today's growing demand for affordable employee benefits while saving the employer money. Our provider networks offer a variety of ancillary benefits serviced by over 400,000 providers in all 50 states. National Benefit Plans is an innovator in the industry. Utilizing our knowledge and experience, we bring together the leading benefit provider vendors with state of the art fulfillment and administration services to provide a network of benefits to suit today's lifestyle. We currently utilize the services of several Nationally Acclaimed Administrators. These benefit administration providers meet and adhere to strict policies and guidelines which insure the best possible customer service while remaining cost efficient for our clients. Our commitment to excellence combined with our focus on client satisfaction drives us to achieve a successful result for our clients. Benefits

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What Skills Does a person Need at National Benefit Plans Ltd?

At National Benefit Plans Ltd, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Insurance Sales: Insurance sales involves selling various types of insurance to customers, including home, life, health and auto insurance. Primary goal is to get information about clients' needs and match them with insurance policies they offer.
  2. Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
  3. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  4. Health insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
  5. Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.

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Check more jobs information at National Benefit Plans Ltd

Job Title Average National Benefit Plans Ltd Salary Hourly Rate
2 President $680,559 $327
3 Customer Service Specialist $35,079 $17
4 Administrative Assistant $42,942 $21
5 Office Manager $68,195 $33
6 Sales Representative $82,303 $40

Hourly Pay at National Benefit Plans Ltd

The average hourly pay at National Benefit Plans Ltd for a Licensed Insurance Agent is $36 per hour. The location, department, and job description all have an impact on the typical compensation for National Benefit Plans Ltd positions. The pay range and total remuneration for the job title are shown in the table below. National Benefit Plans Ltd may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $74,399 look to you?

FAQ about Salary and Jobs at National Benefit Plans Ltd

1. How much does National Benefit Plans Ltd pay per hour?
The average hourly pay is $36. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at National Benefit Plans Ltd?
According to the data, the highest approximate salary is about $88,914 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at National Benefit Plans Ltd?
According to the data, the lowest estimated salary is about $65,123 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.