Beneficial Life Reviews
Pros – Being able to obtain financial skills and knowledge.
Cons – The company does't issue insurance policy any more.
Advice to Senior Management – Be punctual for deadline.
Pros – The company has very nice and talented people. The working environment is very friendly. There are rooms for junior staff to grow. The company is expecting to produce renewal profits going forward.
Cons – The company is in run-off, i.e. it is not accepting new business but will continue to serve its existing customers. The customer service is very professional
Advice to Senior Management – More transparency will be helpful.
Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company
Pros – I applied on campus, they seemed nice and really helped a lot in the intern. Learned a lot
Cons – No very many opportunities. The management seemed not in order.
Pros – Good work culture, fund place to work at.
Cons – Things can be slow sometimes
Advice to Senior Management – None
Pros – I learned a lot about what goes into determining the credit risk profile of potential fixed-income securities. It was good but not as good as an internship at a big bank would have been.
Cons – The internship was for academic credit rather than money.
Pros – Beneficial has a nice, friendly environment. The people there are all nice. They are willing to give you time off when you need it.
Cons – I didn't get as much support or feedback on my project as I would have liked. They generally pay less than other life insurance companies. They are in runoff mode, meaning they are not selling any new life insurance policies and are gradually shrinking down to nothing.
Pros – Great regional company that allows you to get exposed to big picture view of the insurance company. You don't have to deal with SOX or any of the other annoying regulations
Cons – Job opportunities will be limited going forward because the company has gone into runnoff. It is sad because it was the only real life insurance company in Utah.
Advice to Senior Management – I think management did a great job. The only downfall was that it was a regional company that was trying to compete with big companies that had larger economies of scale. They were fighting a losing battle.
Yes, I would recommend this company to a friend
Pros – career progress and a good salary scale
Cons – slow in decision making and little room for promotion
Advice to Senior Management – the sucess of a company depends on all the employees and not a few individuals
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company