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As of August 01, 2026, the average salary for a Licensed Life Insurance Agent in Michigan is $82,591 per year, which breaks down to an hourly rate of $40.
However, a Licensed Life Insurance Agent's salary can vary significantly. Here’s a look at the typical salary range:
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Licensed Life Insurance Agent Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $93,171 | $7,764 | $1,792 | $45 |
| Average | $82,591 | $6,883 | $1,588 | $40 |
| 25th Percentile | $72,672 | $6,056 | $1,398 | $35 |
eFund Insurance & Financial Services - Southfield, MI
True North Recruiters - Ann Arbor, MI
True North Recruiters - Detroit, MI
True North Recruiters - Grand Rapids, MI
A Licensed Life Insurance Agent's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Licensed Life Insurance Agent's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Insurance... Level Licensed Life Insurance Agent | $60,588 |
| Licensed ... Level Licensed Life Insurance Agent | $83,280 |
| Insurance... Level Licensed Life Insurance Agent | $147,319 |
| Insurance... Level Licensed Life Insurance Agent | $199,415 |
| Insurance... Level Licensed Life Insurance Agent | $240,023 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Licensed Life Insurance Agents. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Licensed Life Insurance Agent roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 10% above the average. Conversely, Licensed Life Insurance Agent positions in Business Services typically offer lower base pay, as this sector often view Licensed Life Insurance Agent as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $90,851 | $44.0 | 10% |
| Financial Services | $86,721 | $42.0 | 5% |
Understanding how a Licensed Life Insurance Agent's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $93,171 | $7,764 | $1,792 | $45 |
| Average | $82,591 | $6,883 | $1,588 | $40 |
| 25th Percentile | $72,672 | $6,056 | $1,398 | $35 |
Ready to take the next step in your career? Browse thousands of current Licensed Life Insurance Agent job openings on our job board. Use the search bar below to find your perfect match.
MGM Capital
Troy, MI
MGM Capital | Troy, MI
Job Description. Job Description. Life Insurance Sales Representative — Remote/ In Office. Independent Contractor (1099) | Commission-Based. Full-Time or P... more
2 Days Ago
AAA Life Insurance Company
Livonia, MI
AAA Life Insurance Company | Livonia, MI
Life Insurance Sales AgentAAA Life Insurance is hiring for licensed Life Insurance Sales Agents for our Simplified Issue Sales Unit (SISU). The Life Sales ... more
3 Days Ago
eFund Insurance & Financial Services, LLC
Southfield, MI
eFund Insurance & Financial Services, LLC | Southfield, MI
Job Description. Job Description. Call Center Life Agent | Inbound Sales. Company. eFund Insurance. Location. Call Center. Employment Type. Full-time. Sche... more
4 Days Ago
eFund Insurance
Southfield, MI
eFund Insurance | Southfield, MI
Licensed Life Insurance Sales Agent - $18/Hour Bonuses ($900-$4,000/Month. )Southfield, MI Full-Time Monday-Friday 9:00 AM - 6:00 PM In-Office OnlyCompensa... more
6 Days Ago
Farmers District 40
Lansing, MI
Farmers District 40 | Lansing, MI
Job Description. Job Description. Life Insurance Agent – Farmers Insurance | District 40. Lansing, MI | In-Office. Help Protect Families While Growing Insu... more
2 Days Ago
True North Recruiters
Ann Arbor, MI
True North Recruiters | Ann Arbor, MI
Job Description. Job Description. Life Insurance Sales Agent — 100% Commission, Uncapped Income, Fully Remote. Job Type. Full-time, commission-only (1099).... more
3 Days Ago
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