Bankers Life

www.bankerslife.com

Bankers Life Reviews

Updated January 28, 2015
Updated January 28, 2015
393 Reviews
2.5
393 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
9 Ratings

Review Highlights

Pros
  • Great training - Take advantage of all of it - do all of the self training as well (in 23 reviews)

  • Good training and (at least in our local office) a great office atmosphere (in 21 reviews)


Cons
  • 100% commission was tough in beginning - but you build your base (in 27 reviews)

  • You are an agent, not an employee; there are no benefits unless you become a manager (in 20 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 9 people found this helpful  

    Lots of drinking and wondering how to pay your bills.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in Colorado Springs, CO
    Former Employee - Insurance Agent in Colorado Springs, CO

    I worked at Bankers Life full-time (more than a year)

    Pros

    If you like seeing the state and driving everywhere then you'll enjoy this job. Potential for a decent income is there and the training is pretty good for entering the insurance trade.

    Cons

    Favoritism in the office is insane. Give all the leads to a few agents. Cold call your face off and lie to old people to get an appointment. Commission percentages are ridiculously low.

    Advice to ManagementAdvice

    Work with your employees and actually know your own business. Calling corporate for every answer is crazy. Practice what you preach.

    Doesn't Recommend
    Positive Outlook
  2. 1 person found this helpful  

    Administration Position

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Office Administrator in Towson, MD
    Current Employee - Branch Office Administrator in Towson, MD

    I have been working at Bankers Life

    Pros

    Great Company, good pay, good hours.

    Cons

    There is no actual job description so you can get stuck doing many tasks and your job could change all together. No upward mobility in the office admin position.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Nice company, great opportunities, great coworkers

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

    I have been working at Bankers Life

    Pros

    Great positive atmosphere, there's great people there, agents are helpful.

    Cons

    Very tedious work, it's rewarding but incredibly tedious.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Working for Bankers was great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Agent in Jacksonville, FL
    Former Employee - Insurance Agent in Jacksonville, FL

    I worked at Bankers Life

    Pros

    Great Place to work. training is really good.

    Cons

    compensation, chargebacks, management, lack of honesty

    Advice to ManagementAdvice

    be more honest with the new agents

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good Co

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bankers Life

    Pros

    Great training and support from top

    Cons

    long hours and lots of cold calls

    Advice to ManagementAdvice

    keep it going

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great Company if You Can Put Forth the Effort and have the Time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Manager
    Current Employee - Sales Manager

    I have been working at Bankers Life full-time (more than 5 years)

    Pros

    Incentives, culture, leads, pay, training, market

    Cons

    Retention, recruiting, time off, back office

    Advice to ManagementAdvice

    Recruit better quality

    Recommends
    Positive Outlook
  8. 1 person found this helpful  

    Only for the Driven

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Sales
    Current Employee - Insurance Sales

    I have been working at Bankers Life

    Pros

    Supportive of driven employees, positive corprate culture

    Cons

    Requires all of your time, emotionally stressful, unmotivated employees don't last long, takes years to get money moving, no promotional opportunities

    Advice to ManagementAdvice

    Be more selective of new employees. It's got a bad case of revolving door employment.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Insurance Sales Agent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Sales Agent in Little Rock, AR
    Former Employee - Insurance Sales Agent in Little Rock, AR

    I worked at Bankers Life

    Pros

    Ability to develop people skills as well as cold calling skills...

    Cons

    No base salary or adequate benefit package

    Advice to ManagementAdvice

    Be more upfront about pay and benefits at the interview and stop selling the limitless income concept to people...

    Doesn't Recommend
  10. 3 people found this helpful  

    All commisions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Insurance Sales Agent in Minneapolis, MN
    Former Employee - Insurance Sales Agent in Minneapolis, MN

    I worked at Bankers Life

    Pros

    You get to pick your own schedule but remember that the amount you put is the amount you get out of it.

    Cons

    As a new rep there will be TONS of cold calling and lots of rejection so if you are not made of tough skin, I dont think this will be the job for you.

    Advice to ManagementAdvice

    Stop putting new agents with people that are cancers in your office.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 5 people found this helpful  

    Entry Level Sales Representative

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Sales Representative
    Current Employee - Insurance Sales Representative

    I have been working at Bankers Life full-time (less than a year)

    Pros

    Learned lots about different products out there that are available to retirees. Get to be mentored by experienced agents who have had success. Company training for new agents and for agents that achieve their Successful New Agent requirements was valuable. Only two required office days which allows for flexible schedules. Friendly work environment.

    Cons

    You live or die by the phones. If you do not have sales experience then you will experience a learning curve, 100% commission can be an emotional roller coaster if you are not seasoned and consistent week in and week out.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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