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As of August 01, 2026, the average salary for a Licensed Life Insurance Agent in South Dakota is $76,218 per year, which breaks down to an hourly rate of $37.
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 | $85,981 | $7,165 | $1,653 | $41 |
| Average | $76,218 | $6,351 | $1,466 | $37 |
| 25th Percentile | $67,063 | $5,589 | $1,290 | $32 |
True North Recruiters - Pierre, SD
True North Recruiters - Rapid City, SD
AFLAC - Eastern Central Regional SD - Brookings, SD
Hahn Financial Group Inc - Sioux Falls, SD
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 | $55,912 |
| Licensed ... Level Licensed Life Insurance Agent | $76,853 |
| Insurance... Level Licensed Life Insurance Agent | $135,950 |
| Insurance... Level Licensed Life Insurance Agent | $184,026 |
| Insurance... Level Licensed Life Insurance Agent | $221,500 |
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 | $83,839 | $40.0 | 10% |
| Financial Services | $80,028 | $38.0 | 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 | $85,981 | $7,165 | $1,653 | $41 |
| Average | $76,218 | $6,351 | $1,466 | $37 |
| 25th Percentile | $67,063 | $5,589 | $1,290 | $32 |
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.
Level Four Group
DALLAS, TX
Level Four Group | DALLAS, TX
Our Team is growing, and we need you. Come be a part of this disruption in the financial services marketplace. By joining the Level Four family of companie... more
8 Days Ago
American Family Insurance
OMAHA, NE
American Family Insurance | OMAHA, NE
American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more
8 Days Ago
American Family Insurance
BOISE, ID
American Family Insurance | BOISE, ID
American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more
9 Days Ago
American Family Insurance
NORTH RIVER, ND
American Family Insurance | NORTH RIVER, ND
American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more
9 Days Ago
American Family Insurance
CAVALIER, ND
American Family Insurance | CAVALIER, ND
American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more
9 Days Ago
American Family Insurance
DICKINSON, ND
American Family Insurance | DICKINSON, ND
American Family Insurance is seeking an Insurance Agent to grow and manage a book of personal and small business insurance clients. You will prospect and n... more
9 Days Ago
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