Colonial Life & Accident Insurance Co.

  www.coloniallife.com
  www.coloniallife.com

Colonial Life & Accident Insurance Co. Reviews

Updated December 12, 2014
Updated December 12, 2014
110 Reviews
2.9
110 Reviews
Rating Trends

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Colonial Life & Accident Insurance Co. President and CEO Randy Horn
Randy Horn
56 Ratings

Review Highlights

Pros
  • Home office seems good to deal with but they have no authority over anyone (in 7 reviews)

  • the company has a great home office support system and online training products (in 5 reviews)


Cons
  • Ability to work in a 100% commission environment is a must (in 10 reviews)

  • No benefits, must be willing to possibly not get a paycheck for a few months (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Very good company to work for

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

    I have been working at Colonial Life & Accident Insurance Co. full-time (less than an year)

    Pros

    Helping people protect themselves and their paycheck is rewarding employment. There is no ceiling on your income potential. Very good training program to become knowledgeable of the company products.

    Cons

    You go several months without getting a paycheck, which has become a financial hardship for me personally. You have to build clientele through hours of cold calling everyday and be able to handle rejection well.

    Advice to ManagementAdvice

    I believe it would be helpful to receive come type of compensation to cover expenses while building clientele.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Sales rep and benefit counselor, Make sure you have money for the next 5-7 months, Remember 100% commission,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Benefit Counselor and Sales Representative in Philadelphia, PA
    Current Employee - Benefit Counselor and Sales Representative in Philadelphia, PA

    I have been working at Colonial Life & Accident Insurance Co. as a contractor (less than an year)

    Pros

    You do not nave to spend thousands and thousands of dollar to start, Flexible, Unlimited commission, Be your own boss, Meet new people, work hours

    Cons

    Management and others do not train, you are by yourself, If you are new to insurance then good luck in regard to training!!
    Make sure you have money for the next 5-7 months saved up, The first 3 months you be lucky to make any money,

    Advice to ManagementAdvice

    Okay, about you train the new employees, Action speaks louder than noise, About if you train the new employees and train them instead of just making noises, All you do is talk and talk is cheap !!!!! Studies shows that most people remember about 10% - 20& when listening, Most people learn when management take action and then the employees take action with them, Again action speaks louder than noise, Why would employees take action when management wants to talk only and no action,

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Love this company. Great place to work and great place to grow

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

    I have been working at Colonial Life & Accident Insurance Co. full-time

    Pros

    You work as a family. Everyone is egar to help and there is a strong sense of pride for the brand and customer

    Cons

    Balance of work amoug the floor

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Great business for independent mindset

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Territory Recruiter in Danvers, MA
    Former Employee - Territory Recruiter in Danvers, MA

    I worked at Colonial Life & Accident Insurance Co. full-time (less than an year)

    Pros

    Possitive work environment with great products to represent. I started in sales and ended up recruiting. I loved that.

    Cons

    There were not enough really experienced senior managers to teach those new to insurance sales. Results were high turnover. Lots of cold calling on businesses. 100% commission based.

    Advice to ManagementAdvice

    Nurture the beginners more so they can grow as they learn and then they will be in possition to help the company grow sales.

    Doesn't Recommend
    No opinion of CEO
  6.  

    Okay company to work for

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

    I have been working at Colonial Life & Accident Insurance Co. full-time (less than an year)

    Pros

    great work balance life. You can make your own schedule. Nice employees to work with.

    Cons

    No leads provided. Alot of cold calling

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Extremely difficult market - Need 3-6 months bankroll to be safe

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

    I have been working at Colonial Life & Accident Insurance Co. full-time (less than an year)

    Pros

    Opportunity to make a ton of money from large commercial accounts, or a bunch of small ones, 1099 position, which is nice. Training can be good or bad depending on your district. Mine was excellent. Colonial Life is a good company with great company support, great customer service, and the latest cutting edge technology. Opportunity to make a residual income, with income growing each and every year. 5 year agents average income is over $100,000. So if you hang in there and take your lumps, you WILL make a lot of money. Unfortunately, most agents don't last.

    Cons

    VERY difficult, saturated market, thanks to Aflac. It is extremely difficult to get in front of business owners. You need a lot of patience, persistence, and 3-6 months of money to fall back on. If you are looking to make money from Day 1, this business is not for you. You need to learn the process, learn the system, and have a lot of persistence. Many companies you land you can't enroll for 3, 6, 9 months sometimes. The supplemental insurance market will eat 80% of new agents alive. I have seen more agents fail in this market than any other insurance position. Why? Because it's competitive, difficult, and the pay isn't that great. The average income for a Colonial Rep, 1st year income, I believe is $33,000. Not a lot of money. But, it does get much better in 2nd, 3rd, 4th, and 5th years.

    Advice to ManagementAdvice

    Lots of DGA's treat their agents like they are salaried employees, which is pretty ridiculous. Colonial makes getting their own benefits very difficult for some reason. I wanted to get Colonial products for myself, and it was almost as difficult as closing a 20 person group!

    Recommends
    Positive Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    dont change your contract

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

    I have been working at Colonial Life & Accident Insurance Co. full-time (more than an year)

    Pros

    local agency
    many sales opportunities
    give young agents a platform for working

    Cons

    do not take the time to teach new agents how to survive the first 90 days
    large company with little to no support for new agents
    if you change your contract from Agent to Broker, you will instantly owe money to the company.

    Advice to ManagementAdvice

    take training of new agents more seriously

    Doesn't Recommend
    Neutral Outlook
  9. 1 person found this helpful  

    Excellent Opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - 1099 in Columbia, SC
    Current Employee - 1099 in Columbia, SC

    I have been working at Colonial Life & Accident Insurance Co. full-time (more than 8 years)

    Pros

    The Training is Amazing, the income that is represented during the interview process is achievable.

    Cons

    It's Sales. Door to door. Or phone calls all day.

    Advice to ManagementAdvice

    If someone is 1099, treat them with respect and Dignity. It's hard enough to make sales numbers, but stop leaning on them for more.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Excellent Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - District General Agent in Indianapolis, IN
    Former Employee - District General Agent in Indianapolis, IN

    I worked at Colonial Life & Accident Insurance Co. full-time (more than an year)

    Pros

    Great people, plenty of opportunities for advancement if you're willing to put in the work.

    Cons

    Long hours. A lot of politics and red tape to get through in order to advance to a higher level.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Chargebacks made me broke

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Benefits and Enrollment Specialist
    Former Employee - Benefits and Enrollment Specialist

    I worked at Colonial Life & Accident Insurance Co. part-time (more than an year)

    Pros

    You can set your own schedule and hone your skills at sales. Meeting a diverse group of sales people and local business owners.

    Cons

    Full commission. Entire accounts changing their mind after enrollment and then you lose all of your commissions. Cold calling.

    Recommends

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