Efinancial Reviews

Updated June 17, 2015
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Michael Rowell
17 Ratings

Pros
  • great co-workers and staff, fun environment, (in 4 reviews)

  • The days go by fast and it allows you to have a healthy work/life balance (in 3 reviews)

Cons
  • Upper management likes to keep employees in the dark (in 3 reviews)

  • Training, pay structure, commissions, some managers and potential customers (in 2 reviews)

More Pros and Cons

58 Employee Reviews

Sort: Popular Rating Date
  1. sales

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Bothell, WA
    Former Employee - Anonymous Employee in Bothell, WA

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great pay, great coworkers good sales training

    Cons

    Working some weekends and late evening hours


  2. Customer Development Representative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Development Representative in Chicago, IL
    Former Employee - Customer Development Representative in Chicago, IL

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    You can move up really quick in the company as long as you excel in your transfers

    Cons

    Ironic, as a life insurance company, benefits are expensive and horrible. Mediocre health/dental/vision plans.


  3. Quick Turnover

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Case Manager in Bellevue, WA
    Former Employee - Case Manager in Bellevue, WA

    I worked at Efinancial

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    The office layout is nice and open.

    Cons

    You have to pay for your own parking pass. You don't get many vacation days. It is a call center environment. Managers don't seem invest in their employees- turnover is high.

    Advice to Management

    You should try to make your team/ employees feel desired and appreciated.


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  5. Sales

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

    I worked at Efinancial full-time

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Very fun work environment, very sports centered type of environment. Once you move past the training period there is some flexibility to your schedule. This a very simple job that pays well for the level of work required to be successful.

    Cons

    The hours can be a bit long at times and weekends are expected. There will be peaks and valleys on salary. Charge backs can be costly.

    Advice to Management

    Explain the the maximum length of time someone maybe in training. Have specific metrics for promotion and advancement.


  6. Put you head down and you can do well

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

    I have been working at Efinancial full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Fun environment that you can wear jeans and a T-shirt to work everyday.
    In first year of sales you can easily make 60k-80k.
    You are able to feel good about helping people protect their families and still make good money doing it.
    They pay for all your licensing.

    Cons

    The training period is actually a position you need to work yourself out of. You could be in "training" for one month (if they like you and you're already licensed) or up to 4 or 5 months I've seen sometimes. There are no metrics on getting promoted, they only tell you "keep you numbers up" which is basically saying, "we'll get to you when we get to you".
    There is favoritism and politics in terms of things people get away with but if you keep you head down, do your job, and don't get caught up in any of the drama, you can make some good money.

    Advice to Management

    Be more honest with your employees. Don't say one thing and do another.


  7. Insurance sales - great experience - not for everyone

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Bellevue, WA
    Former Employee - Account Executive in Bellevue, WA

    I worked at Efinancial full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    This is great experience if you are looking to get into insurance sales (especially life insurance). The leads are provided (albeit some are much better than others, and which ones you get depends on how well you produce). The work environment is very laid back and friendly. The people I got to work with was the most satisfying aspect of the job. The work week was regular, with overtime paid if you decided to work weekends. They also pay for your nationwide licenses and licensing exams which is rare in the insurance industry.

    Cons

    There is a lack of transparency in upper management. Working hard does not always guarantee that you will make more money as leads are controlled. Although you will be able to obtain appointments with various companies, you are pushed to sell the products of the parent company, which seems to contradict the fact that you are, in essence a broker.

    Advice to Management

    Invest in your agents, they are the lifeblood of your company. While you undoubtedly boast some of the best technology in the insurance industry, high turnover and disgruntled employees does not bode well for the future. Make your compensation structure more easy to understand. When you ask your manager why you aren't getting paid and they don't know the answer, that is very bad for morale.


  8. Pleasant Enough

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    When I was there, it was a fun, young company. Everyone worked hard and played hard. A good place to start a career.

    Cons

    Difficult to move up. The E-board was all friends and family. They didn't necessarily recognize all the talent they had hired. I was on the corporate side, so can't say much regarding sales, but there was significant turnover in the sales department.


  9. Passive aggressive and morally wrong

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

    I worked at Efinancial full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    - Great co-workers
    - some decent work events

    Cons

    - VP guilted employees to go to religious meetings. Was frowned on if you didn't
    - managers have no idea what you are doing or what your job should be
    - passive aggressive feedback
    - horrible pay
    - you can't even get a plastic fork around there let alone anything of value

    Advice to Management

    Be more transparent with your employees and start to put your employees feelings into account. A happy worker is a good worker.


  10. Account Executive

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Bellevue, WA
    Former Employee - Account Executive in Bellevue, WA

    I worked at Efinancial full-time (More than a year)

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

    Pros

    Efinancial generates all their leads, no head hunting, coworkers are great people, easy way to start a career in sales

    Cons

    you'll be guilted into working saturdays, lots of turnover. the average agent lasts a year before he quits or is laidoff. easy to get burnt out, job is very repetitive. Pay is not great, management incentives are lame and extremely patronizing - for example, for closing a sale a manger might occasionally offer you $5 or a 5 hour energy...great thanks. sales reps are constantly monitored and treated like guiney pigs - they used to turn the lights off in the sales floor and make us work in the dark to see if sales would increase. no joke.

    Advice to Management

    upper management should say hello every now and then. show your reps you care. provide some actual incentives or wages if you want your agents to perform. a 5 hour energy is not going to make us work harder.


  11. Unprofessional company that has the worst favoritism I have ever seen as far as which employees get good leads

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

    I have been working at Efinancial

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    They pay for you to be licensed in several states.

    Cons

    The hourly pay is minimum wage. They always have computer issues. You have to rely on commission if you want to make a living which normally wouldn't be a problem but if you're not one of their favorites you will have to struggle with the terrible so called leads they give you

    Advice to Management

    Know the products we sell in order to help employees do well. Also hire a training manager. You're not only wasting the employees time but also the companies money they spend on leads.



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