Lincoln Financial Group Reviews

Updated March 28, 2015
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  1. 1 person found this helpful

    Duh which way did he go George?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - BI Team in Omaha, NE
    Former Employee - BI Team in Omaha, NE

    I worked at Lincoln Financial Group full-time (more than a year)

    Pros

    Good pay and benefits
    Easy commute

    Cons

    Group protection is doomed due to stupid management. Ever had a manager that thought she was too good to manage you? Welcome to LFG.

    Also in Omaha, it is called group protection. They are owned by LFG but not really part of it. The corporate people hate us as we are costing them money. Don't look at the LNC stock and use that determine LFG in Omaha is doing good, that is simply not the case. Earnings are down 60% and continue to drop.

    Leadership is non existent and here are some seriously unprofessional employees and without good management no way to address it.

    Put it this way, I know a couple crazies (yelling cussing at work) who have not lasted more than a year all over Omaha at various companies. Guess what, they have been at LFG for years now. That should tell you something.

    If you LIke MSACCESS, this is the place for you. They do not invest back in the company at all!

    Advice to ManagementAdvice

    Fire yourself.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. Great company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lincoln Financial Group full-time

    Pros

    Salary, total benefits, good people

    Cons

    Upward movement, work life balance

  3. 1 person found this helpful

    One of the most difficult sales positions you will encounter. People don't give life insurance salesman enough credit.

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

    I have been working at Lincoln Financial Group full-time (more than 3 years)

    Pros

    Your income is endless and is based upon how much premium you collect for life insurance policies that stays in force for at least 1 year. If the client pays for less than a year, you will face a recapture of the commission. Lincoln has very competitive underwriting and are is very competitive in many areas of the business, especially the high dollar clients.

    Cons

    Your year isn't necessarily determined by how successful you are at sales because many sales go southbound based on underwriting. Underwriting can make or break your year. I had dozens and dozens of life insurance declines or rated policies over the years that clients wouldn't accept. Just like any sales job, you can end up doing a lot of work for nothing. It's difficult to get people to sit down and discuss life insurance. Many people are foolish enough to think what they have at work is enough and then come crawling back hoping to get some life insurance coverage once they have a heart attack, get cancer, become diabetic, or one of the many other health conditions that would make them uninsurable or highly rated, but then of course, it's too late. You are in competition with many other life insurance salesman that can sell the same thing, so it is definitely a relationship business.

    Advice to ManagementAdvice

    It's not really about management. You are pretty much on your own to find clients and network for business.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful

    The great benefits may not be enough for this company

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

    I have been working at Lincoln Financial Group full-time (more than 5 years)

    Pros

    Benefits are great! The management tries to engage employees. There are some great managers. Work life balance is excellent in some departments and completely non-existent in others.

    Cons

    Little room for advancement, employees applying to internal jobs are treated poorly.

    Recommends
    Positive Outlook
    Approves of CEO
  6. Nice 401k Package

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner in Omaha, NE
    Current Employee - Claims Examiner in Omaha, NE

    I have been working at Lincoln Financial Group full-time (more than 3 years)

    Pros

    401 K core/match are a great benefit. Work/Life balance is really good, very flexible with work schedules.

    Cons

    Sometimes seems that management does not listen to those underneath them.

    Recommends
    Positive Outlook
    Approves of CEO
  7. Company Politics!!

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

    I worked at Lincoln Financial Group full-time (more than 5 years)

    Pros

    I enjoyed the work that I did with the company. I was able to interact on a daily basis with clients about their policies.

    Cons

    If you are not related to someone there are "know" someone then you were overlooked for any kind of career change. I was not allowed to advance in my career there at all. I felt like I was overlooked in a lot of positions where I felt I was more than qualified to do. Also I felt that they gave way to much attention to the GLBTS group than they did to other organizations that really deserve it.

    Advice to ManagementAdvice

    Instead of worrying about what your employees are doing by trying to get your employees to tattle, you need to look at the ones that are helping you to spread the rumors. Those type of employees are the ones that will throw you under the bus to get ahead. That includes going for your job!

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  8. Analyst

    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at Lincoln Financial Group as a contractor

    Pros

    Nice team environment. Everyone worked very well together.

    Cons

    Description didn't match expectations. Hired on for a position that turned out to be something different.

  9. 1 person found this helpful

    Great company that treats its people very well...and listens to them

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

    I have been working at Lincoln Financial Group full-time (more than 3 years)

    Pros

    Superb people. Strong focus on bottom line and viability of business.

    Cons

    Decision making by senior leaders is slow; impacts execution. Everyone is allowed to have an opinion, which is great but impacts decision making.

    Advice to ManagementAdvice

    Take educated/calculated risks. Know when to empower "the masses" but also make your decision and stick by it - that is what they are paying you for!

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

    Not a good place to work

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

    I worked at Lincoln Financial Group full-time

    Pros

    Good benefits and great co-workers.

    Cons

    Too much work because system requires too many manual entries.

    Doesn't Recommend
    No opinion of CEO
  11. Stressful

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lincoln Financial Group (more than 3 years)

    Pros

    Great teamwork among mid level managers. Decent pay and great 401k benefits.

    Cons

    Horrible recordkeeping system and poor training of employees in client administration. The company has many long term employees in their Fort Wayne, IN office who are not progressive and have no external experience. Company needs to move their home office to a progressive city.

    Doesn't Recommend
    Neutral Outlook

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