Bankers Life

  www.bankerslife.com
  www.bankerslife.com

Bankers Life – Why Work For Us?

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With a history dating back to 1879, Bankers Life products focus on the insurance needs of the middle-income retirement market through nationwide subsidiaries of CNO Financial Group, Inc. These companies offer a broad portfolio of life and health insurance designed especially for those near and in retirement. 
From more than 300 offices across the country, our agents—more than 5,000 agents in all—live and work in the communities they serve. Our agents take the time to get to know customers, listen to their needs and understand their values—with a goal to help customers reach their goals for a secure retirement.

A message from Scott L. GoldbergScott L Goldberg

With a history dating back to 1879, there are some things that never change. At Bankers Life, that means taking a personalized approach to help protect the individuals and families we serve. We begin by getting to know you—expect our insurance agents to ask a lot of questions. We focus on understanding how well you are prepared and how we can help you improve upon your financial security, particularly as you enter and navigate retirement. Our solutions are simply designed so that nearly every American can use them.

 

Strength in numbers

The size of our agent force is among the very top in the nation, with more than 5,000 dedicated agents across more than 300 U.S. sales offices. In 2013, we served more than 1.4 million policyholders and managed over $14 billion in assets. 

Extensive product portfolio

Through nationwide subsidiaries of CNO Financial Group, Inc., we are one of the industry’s largest providers of Medicare supplement and long-term care insurance. We also carry an array of life insurance products, annuities and supplemental health insurance options.

Service you can trust

Our agents live in the communities they serve and travel to the homes and businesses of their clients. We can show you how to help safeguard against unexpected health costs, generate guaranteed income, protect loved ones and promote an enduring legacy.

Thank you for your interest in Bankers Life. We hope to serve you today and in the future.

Be well,

Scott L. Goldberg
President

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We commit to these ideals to build enduring value for our shareholders, associates, business partners and customers.

Integrity
We have the highest standards for ethics, fairness and personal responsibility. We're honest and straightforward. We operate within the letter and spirit of the law. We show unwavering consistency between words and actions. We comply with all laws, regulations and company policies.

Customer focus
We exist to improve the financial security of our customers and policyholders, and we put them first and foremost in all of our decisions and actions. We anticipate our customers' needs and move quickly and urgently to serve them.

Excellence
We act with a strong sense of urgency, recognizing that speed matters. We honor our commitments and we take personal responsibility for our actions. To meet the needs of our customers, we strive for excellence in our products, services and business processes. We are passionate about winning in the marketplace, and embrace any change needed to do so.

Teamwork
We win as a team, putting the enterprise ahead of any business unit, function, department or individual interests. We value diverse teams that take ownership of work efforts, and create an atmosphere of commitment, participation and collaboration. We trust that our team members act in the best interest of CNO, and we have confidence in their capabilities and intentions. Our associates grow personally and professionally through their experiences at CNO.

Bankers Life Reviews

365 Reviews
2.6
365 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Scott Goldberg
2 Ratings
  1.  

    Is it a Bankers Life for me?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent in Iron Mountain, MI
    Current Employee - Insurance Agent in Iron Mountain, MI

    I have been working at Bankers Life full-time (more than 3 years)

    Pros

    Huge earnings potential. Ability to offer many lines of business. Great starting point for people with no experience in the industry. Many great training programs. In 2013, ranked 52nd best company (and climbing) for training in the western world! The mobile app is great for doorknocking. You are reimbursed 125% for training that you pay for upon completion (CLTC, lutcf, etc.). Renewals can add up quickly in a few years!

    Cons

    Shrinking lead system. 100% commission can be very scary. People (clients) can be very finicky and resistant to change - even when change clearly benefits them. Some offices are much better than others in developing agents. You have to get good on the phone, no ifs ands or buts. If you aren't getting bonuses you are pretty much wasting your time. The 'agent care' help line can be contradictory with their advice. Very difficult if you are too introverted. The sales branch picks the types of leads that it purchases - often times it was garbage picked over internet leads from over a month ago. You are strictly prohibited from purchasing your own leads!!! Many hoops to jump through in order to stay compliant. You are almost exclusively a captive agent, there are some outside options for term policies, though. You are an agent, not an employee; there are no benefits unless you become a manager. Many, long days and miles needed to get your career off the ground.

    Advice to ManagementAdvice

    The future is coming and I'm not sure how you are going to bring on new people without adequate resources to get them off the ground, let alone sustain their careers. Top Gun is a great, great program (ABU too!). Congrats on investing in your people.

    Recommends
    Neutral Outlook
    No opinion of CEO

Bankers Life Interviews

Updated Nov 19, 2014
Updated Nov 19, 2014

Interview Experience

Interview Experience

31%
34%
33%

Getting an Interview

Getting an Interview

45%
28%
16%

Interview Difficulty

1.9
Average

Interview Difficulty

Hard

Average

Easy
  1. 1 person found this helpful  

    Account Executive Interview

    Anonymous Employee in West Palm Beach, FL
    Anonymous Employee in West Palm Beach, FL
    Application Details

    I applied online – interviewed at Bankers Life.

    Interview Details

    This is NOT an individual interview. Many other participants; "conference interview" with no one-on-one. I do not recommend this very much. I saw many people having the same experience as I had, this seems like their regular recruiting process.

    No Offer

Bankers Life Awards & Accolades

Something missing? Add an award
Training Top 125, Training, 2012

Additional Info

Website www.bankers.com
Headquarters Chicago, IL
Size 150 to 499 Employees
Founded 1879
Type Company - Public
Industry Insurance
Revenue $25 to $50 million (USD) per year

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