Insurance sales representatives who are paid hourly instead of by commissions. Also known as salaried sales representatives.

Method that uses an insurance company’s salaried employees to sell and service insurance policies. They may work independently or with other sales agents.

Type of sick leave plan that allows employees to receive 100% of their salary for a specific number of days if they become ill or disabled. The number of days may increase as the worker’s length of service increases. Also called sick leave plan.

Employer-sponsored retirement savings program in which the employee invests pretax dollars that may be matched by the employer. Also referred to as Section 401(k) plan.