Beneficial Life
3.6 of 5 8 reviews
www.beneficialfinancialgroup.com Salt Lake City, UT 150 to 499 Employees

Beneficial Life Reviews

Updated Feb 14, 2014

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3.6 8 reviews

                             

100% Approve of the CEO

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Kent H. Cannon

(3 ratings)

100% of employees recommend this company to a friend
8 Employee Reviews
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Provided credit report about company assigned.

Investment Analyst (Current Employee)
Salt Lake City, UT

I have been working at Beneficial Life as an intern for less than a year

ProsBeing able to obtain financial skills and knowledge.

ConsThe company does't issue insurance policy any more.

Advice to Senior ManagementBe punctual for deadline.

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Great company to work for

Anonymous Employee (Former Employee)
Salt Lake City, UT

I worked at Beneficial Life full-time for more than 8 years

ProsThe 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.

ConsThe 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 ManagementMore transparency will be helpful.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Good experience but they don't give offer for summer interns.

Anonymous Employee (Former Employee)

I worked at Beneficial Life

ProsI applied on campus, they seemed nice and really helped a lot in the intern. Learned a lot

ConsNo very many opportunities. The management seemed not in order.

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  • Culture & Values
         
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  • Comp & Benefits
         
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  • Approves of CEO

 

Good company to work for

Anonymous Employee (Former Employee)

I worked at Beneficial Life part-time

ProsGood work culture, fund place to work at.

ConsThings can be slow sometimes

Advice to Senior ManagementNone

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I learned a lot.

Credit Risk Analyst Interen (Former Employee)
Salt Lake City, UT

I worked at Beneficial Life

ProsI 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.

ConsThe internship was for academic credit rather than money.

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Nice people, low pay

Actuarial Intern (Former Employee)
Salt Lake City, UT

I worked at Beneficial Life

ProsBeneficial has a nice, friendly environment. The people there are all nice. They are willing to give you time off when you need it.

ConsI 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.

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  • Work/Life Balance
         
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A great growing experience

Anonymous Employee (Former Employee)
Salt Lake City, UT

I worked at Beneficial Life

ProsGreat 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

ConsJob 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 ManagementI 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

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  • Culture & Values
         
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  • Approves of CEO

 

exciting and educative

Supervisor (Former Employee)
Douala (Cameroon)

I worked at Beneficial Life full-time for more than 8 years

Proscareer progress and a good salary scale

Consslow in decision making and little room for promotion

Advice to Senior Managementthe 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

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Glassdoor is your free inside look at Beneficial Life reviews and ratings — including employee satisfaction and approval rating for Beneficial Life CEO Kent H. Cannon. All 8 reviews posted anonymously by Beneficial Life employees.