Bankers Life Reviews

Updated August 28, 2015
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474 Employee Reviews

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  1. Insurance Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Kansas City, MO
    Former Employee - Insurance Agent in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Bankers Life (Less than a year)

    Pros

    Good training for company products

    Cons

    Twenty four hour, seven days per week effort needed to succeed quickly. No work life balance.

    Advice to Management

    Stress the fact that the first years will be lean until your book of business is established. You must have ability to draw on personal cash reserves for two to three years.


  2. Helpful (1)

    Insurance Sales Agent

    Current Employee - Insurance Sales Agent in San Diego, CA
    Current Employee - Insurance Sales Agent in San Diego, CA

    Pros

    Constant training opportunities Offer the ability to know and feel comfortable helping clients to make better decision for themselves and their love ones. Teach you how to be a real entrepreneur.

    Cons

    I would not say anything about downsizes....Like I said, it is your business, one must strive to make it work.

    Advice to Management

    Opportunity to grrow


  3. I have had amazing support to encourage me to be able to achieve more than I could have dreamed!!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in West Des Moines, IA
    Current Employee - Insurance Agent in West Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I get to do what I love helping others making sure their goals are being met for their retirement and building amazing relationships that are as close as family!!

    Cons

    The only cons I can say are its up to me to use the many tools that I am provided to succeed. I have so much support that it's up to me to put forth the effort because any support I need to succeed is available. It's not a career for the lazy these expect success to be handed to them.

    Advice to Management

    I am so proud of all of my management team. I can say with 100% confidence that not one of them would not be willing to do what they ask of me. I also am so thankful that they hold me accountable not in a manner of authority but because they genuine care enough about me they want to see me reach my full potential!!


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  5. Insurance Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Representative in Denver, CO
    Current Employee - Insurance Representative in Denver, CO

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

    Pros

    Great training and home office support.

    Cons

    No base pay, straight commsission. No paid training, split commissions with manager during training.

    Advice to Management

    Branch management was great, keep it up.


  6. Helpful (3)

    Its a gap job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    You can learn something from here for sure, but it is not good to people who want to be successful in their life

    Cons

    You are the lower-est member in the company, so take care yourself

    Advice to Management

    be more ethic and better to the employee, I mean salary


  7. Helpful (1)

    Insurance Agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in South Bend, IN
    Former Employee - Insurance Agent in South Bend, IN
    No opinion of CEO

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

    Pros

    Company is great in training their agents on the latest insurance rules, products and Medicare supplement offerings. They are also good in giving merits for their agent's accomplishments.

    Cons

    I found it difficult to find clients who were able to afford Banker's products.


  8. Do you homework-Good Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Dayton, OH
    Current Employee - Insurance Agent in Dayton, OH
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Bankers Life (More than a year)

    Pros

    Wonderful training. I have spoke with dozens of Bankers agents and ex-Bankers agents who all agree it is among the best in the industry. Good interaction with other agents and the BSM. Agency culture is great. One needs to do their homework as insurance is usually all commission so no handouts here at all (or elsewhere as I found out). Those who whine about low pay etc. did not check out the industry and should not blame anyone for their lack of preparation.

    Cons

    The pay is low and the job is tough as it is a pure commission job so payouts such as gas etc. are out of your pocket. The hours are long as is any new job. Throughout my career I never had a job that was easy to start-you have to put in 60 hours plus to learn and prospect. Other agents who survive work less in the years 5/6 and up as they did their homework and built their business which is required in this industry by ANYONE. I have NEVER BEEN lied to so those who state that, I have to wonder about interpretation. You CAN make money but it is hard work and low pay to start. Leads are provided but more quality needed that are warm leads. Biggest issue is underwriting. I have many cases rejected at Bankers but underwritten by other companies. Someone has to address the poor underwriting and poor communication by underwriting. Like the old Seinfeld episode, they are the underwriting Nazis--"no policy for you!" :)

    Advice to Management

    Continue to the integration of systems, it is working. adjust medicare supplement cost schedules. perhaps some pay to help agents who get past probation with a small incentive so they continue.


  9. Helpful (12)

    Learning Experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent
    Current Employee - Insurance Agent
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life (Less than a year)

    Pros

    I appreciate the support I receive from my trainers, managers, colleagues, and home office. The presentation materials are good, and the products are solid.

    Cons

    I learned real quick that I do not like cold calling; unfortunately, in your first few months, that is your primary method of prospecting. The company doesn't advertise, so it is hard to get in front of people. IT is slow to respond to technical issues, that have cost me a sale or two.

    Advice to Management

    I knew what I was getting into when I signed on; that being said, newly contracted agents do need to eat and pay bills when they're doing their training.


  10. Agent/UFT

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

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

    Pros

    The opportunities for income, education, and helping clients are endless. This is truly an amazing company. The support from other agents and training is top notch.

    Cons

    This opportunity is what you make it. It requires 100% commitment.


  11. Helpful (2)

    Great Company To Work For!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Recruiter in Cary, NC
    Current Employee - Recruiter in Cary, NC
    Recommends
    Positive Outlook

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

    Pros

    I have never worked for a better company than Bankers Life. I work in such a positive and team oriented environment and enjoy coming to work everyday. I have the opportunity to work with the best team in the country, earn bonuses and interact with individuals from all backgrounds. I love the atmosphere of being challenged and motivated to be the best recruiter and am rewarded when doing so.

    Cons

    Working for Bankers Life takes hard work and dedication. If someone is looking for just another job it will not be a good fit for them. The opportunities we offer are for a career not a job.



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