Life Quotes Reviews

I worked at Life Quotes

Pros – Training is thorough and professional.

Cons – Sales staff is poorly treated by the numerous levels of management who do little but draw a paycheck from this company. Compensation and benefits are below industry standard. Responsibilities and minimum performance levels are ever changing and almost always increasing. When a large number of the sales support and recruiting staff were let go in late 2009, the bulk of their work became the responsibility of the sales staff. Sales goals for the sales staff were not adjusted for the increased workload and sales staff was not additionally compensated for the extra workload.

Advice to Senior Management – Eliminating sales support people whose work enables Sales talent to do what they do best (which is sell) was a foolish and shortsighted strategy. Hire and train competent support staff and recruiters or the Sales talent you do have will find work elsewhere.

No, I would not recommend this company to a friend

I worked at Life Quotes full-time for more than a year

Pros – You can learn a lot about life insurance. You'll quickly build the ability to succeed on your own.

Cons – money is no guarantee, immense micromanagement, company is falling apart.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

I worked at Life Quotes part-time for less than a year

Pros – You can quit as soon as you realize that you have been taken for a fool. Hope that you get out before you are in too far.

Cons – Commitments are all slanted one way. YOU COMMIT, but you get no commitments. You are expected to work plenty, but because arbitrary ratios are put on your performance ratios, you end up not getting paid what you thought you were promised!!! You think you have some control, but you do not.

Advice to Senior Management – Beware the Dept. of Labor and the Better Business Bureau.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

I have been working at Life Quotes part-time for less than a year

Pros – Allows you to work from home.

Cons – Every changing commission structure. Do not allow you enough time before making changes to commission plan.

Advice to Senior Management – Constant turnover in staff is a sign of a poor business model. Work on compensating current sales team appropriately to develop the agents with talent. Based on current compensation levels, it appears the management is more interested in keeping money in their own pockets than compensating sales agents fairly. Support staff is adequate, not particularily talented or friendly to sales staff. Company could benefit from putting more emphasis on team work.

No, I would not recommend this company to a friend

I have been working at Life Quotes full-time

Pros – There are no advantages to working at Life Quotes

Cons – Company provides you with a contract to tease you and get you excited about the idea of making great money, then just days before training, they send you a revised contract changing their income and terms. By the time I already spent nearly $2,000 in non-resident licenses, it was too late!

Advice to Senior Management – RUN AN HONEST BUSINESS AND MAYBE YOU WON'T HAVE SO MUCH TURNOVER!!!

I have been working at Life Quotes

Pros – more leads than you ever thought existed, propsects are well educated about life insurance so you don't have to sell them on the idea! Case managers manage the applications. Delivery team mails out the policy.

Cons – very time consuming process to sell the policies. Mgt keeps changing the comp plan. Since it's always to the company's advantage, this makes them appear GREEDY!!
Case managers also sell policies so they're not working your cases as hard as they should. Delivery team is not well versed in life policies so you don't always know that the policy has been issued as requested.

Advice to Senior Management – Pay your agents better and stop taking advantage of them. The ones who write like fools are fools for sticking with you. It is smart that you keep them so busy. They don't have a moment to look up and realize that you're taking in 70% of the premium written + a nice volume bonus that in some cases tops 20% !! There are much better options out there for the experienced agent- don't ever forget that!!

No, I would not recommend this company to a friend

I have been working at Life Quotes

Pros – Being able to work from home. The home/work balance. Talking with people from all over the US is a great experience.

Cons – Very difficult to get paid. You spend a whole lot of money to get licensed and set up and then because of not meeting one out of the many criteria they keep all of your pay check.

I've worked there for about 7 months. Would not recommend it to anyone. If you can sell insurance anywhere else do it, you will have a better experience.

There is no support from the staff and you are your own salesperson, submissions specialists and underwriting technician.

If you can babysit 75 policies from start to finish, to paid start your own business! Here they just set expectations, fire you and hire the next round.

Advice to Senior Management – They need to stop the micro management and let the agents sell Insurance

No, I would not recommend this company to a friend

I worked at Life Quotes

Pros – Ability to schedule your own hours

Cons – Constantly changing commission matrix. Slow to receive commission.

No, I would not recommend this company to a friend

I have been working at Life Quotes

Pros – Flexible hours, work from home is great so long as you're self motivated, absolutely no cold calling/ prospecting, every person you talk to is interested in purchasing life insurance (somewhere). $23 per hour of TALK TIME (must meet submit ratios +), great lead driving machine

Cons – they keep lowering commission payouts. It was 30% of 100% commission. Now, its 30% of "bonusable commission" which is some lower amount than the actual commission. For NY policies, agent now earns 30% of 69% commission, because Life Quotes gets no override. They just take this out of the agent's pocket and act like its no big deal. Many of the "support" staff are incompetent. Agents spend 1-3 hours a day following up with cases in underwriting and getting cases paid. The position is not what they claimed (or still claim!). They say you can work part time. But, 20 hours of talk time is what you're scheduled for and you must write at least 5 a week. When taking into account emails, 20 hours a week is more like 25-35 emails. Needless to say all of these other priorities eat time and take the place of selling policies. Asking part B questions has further inclreased the app taking time and decreased the agent's ability to write more applications.

Advice to Senior Management – Go back to having the paramed examiner ask part b questions. Pay agents partially based on submit and paid ratios. Use a sliding commission scale to make payment more fair to conscientous agents. Or, hire sales support to assist in getting polcies paid so agents can just sell. I know I'd happily take a lower pay, within reason, for that luxury.

No, I would not recommend this company to a friend