Direct Life Insurance Carriers — Average Employee Salary
The average employee in the direct life insurance carriers industry earns $125,129 per year ($60.16/hour), according to Bureau of Labor Statistics QCEW data.
What Do Direct Life Insurance Carriers Workers Earn?
At $125,129/year (equivalent to $60.16/hour for a full-time worker), direct life insurance carriers wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical direct life insurance carriers business employs 43 people. These are larger operations where staffing represents a major cost center and management complexity.
Wages as a Percentage of Revenue
For the average direct life insurance carriers business generating $147.7M/year with 43 employees at $125,129 each, total payroll represents roughly 3.6% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a direct life insurance carriersbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $162,668/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 43 employees = ~$5,380,547/year in base payroll.
- Hourly equivalent: $60.16/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $147.7M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Direct Life Insurance Carriers revenue benchmarks →Frequently Asked Questions
- How much do direct life insurance carriers employees make?
- The average direct life insurance carriers employee earns $125,129 per year, which is equivalent to $60.16/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the direct life insurance carriers industry?
- The direct life insurance carriers industry employs 222,248 workers across 5,198 establishments in the United States. The average business in this industry has approximately 43 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).