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Life Insurance Producer Salary in Chicago, IL

How much does a Life Insurance Producer make in Chicago, IL? The salary range for a Life Insurance Producer job is from $79,989 to $112,843 per year in Chicago, IL. Click on the filter to check out Life Insurance Producer job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at February 26, 2024
$94,141
Per Year
The average salary for a Life Insurance Producer is $94,141
per Year in Chicago, IL.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$79,989
$94,141
Medium
$112,843

Highest Paying Cities for Life Insurance Producer near Chicago, IL

We list eight cities that pay high wages to Life Insurance Producer near Chicago. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Life Insurance Producer pay level in these cities.

States with Higher Salaries for Life Insurance Producer

Here are the top five states that pay the highest Life Insurance Producer salary in the United States. District of Columbia takes first place with the highest Life Insurance Producer salary is $99,344 per Year. California and New Jersey take the second and third place with $98,434 per Year and $98,246 per Year in the list. A higher average Life Insurance Producer salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Chicago, IL?

The following job titles have similar responsibilities as a Life Insurance Producer. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Life And Health Insurance Producer
Average salary
United States
$50,317
per Year
Life Insurance
Average salary
United States
$47,563
per Year
Insurance Producer
Average salary
United States
$98,697
per Year
Life Insurance Agent
Average salary
United States
$42,976
per Year
Life Insurance Broker
Average salary
United States
$98,697
per Year
Life Insurance Specialist
Average salary
United States
$57,958
per Year

How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

What Does a Life Insurance Producer Do?

Many life insurance agents who have been in the business 20 years or more have enough renewal commissions built up to make an excellent living without ever having to sell a new policy.

December 18, 2021

However, life insurance agents, to be successful, must accept short-term pain in exchange for long-term gain.

December 16, 2021

Those who have a knack for selling life insurance, and the perseverance to grind through the tough early years, can make a lot of money and retire with a high degree of financial worth.

December 12, 2021

In addition to high commissions, some life insurance companies advance their agents six to 12 months of commission on a sold policy rather than making them take it as earned.

November 28, 2021

All Insurance Producers (formerly called agents or brokers) must be licensed to sell insurance in Massachusetts.

November 15, 2021

Most Common Benefits for Life Insurance Producer

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Life Insurance Producer
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Many life insurance agents who have been in the business 20 years or more have enough renewal commissions built up to make an excellent living without ever having to sell a new policy.
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Explore our personal salary report to know the Life Insurance Producer market value in Chicago, IL. And find out if any places are having a higher Life Insurance Producer salary.
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The average salary of a Life Insurance Producer is $94,141 in Chicago, IL.
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