Working at Bankers Life | Glassdoor

Bankers Life Overview

Chicago, IL
1001 to 5000 employees
1879
Company - Public
Insurance
$25 to $50 million (USD) per year
At a bird’s eye view, Bankers Life focuses on the insurance needs of the middle-income retirement market from more than 300 offices across the country. But we are so much more than just an insurance company.

Our 5,000 plus agents live and work in ... Read more

Company Updates

  • New on the Blog: Plan ahead for future medical expenses http://glassdoor.com/slink.htm?key=vIM2j

    Blog

    Poet, philosopher and all-around childhood hero Dr. Seuss once wrote: "How did it get so late so soon? It's night before its afternoon. December is here before its June. My goodness how the time has flewn." But your retirement lifestyle can vary depending on where you live.

  • New on the Blog: Bankers Life makes Top Training 125 http://glassdoor.com/slink.htm?key=vIQ35

    Bankers Life Blog | Bankers Life No. 61 on Training Top 125

    February 26, 2016 - We're pleased to share that for the fifth consecutive year, Bankers Life is being recognized for excellence in training by landing a spot on Training magazine's Training Top 125.

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Bankers Life – Why Work For Us?


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With a history dating back to 1879, Bankers Life products focus on the insurance needs of the middle-income retirement market through nationwide subsidiaries of CNO Financial Group, Inc. These companies offer a broad portfolio of life and health insurance designed especially for those near and in retirement. 
From more than 300 offices across the country, our agents—more than 5,000 agents in all—live and work in the communities they serve. Our agents take the time to get to know customers, listen to their needs and understand their values—with a goal to help customers reach their goals for a secure retirement.

Bankers Life is a BBB Accredited Business.

A message from Scott L. Goldberg

Scott L Goldberg

  With a history dating back to 1879, there are some things that never          change.  At Bankers Life, that means taking a personalized approach to help  protect  the individuals and families we serve. We begin by getting to know  our  customers—expect our insurance agents to ask a lot of questions. We  focus  on understanding how well consumers are prepared and how we can  help  them improve upon their financial security, particularly as they enter  and  navigate retirement. Our solutions are simply designed so that nearly  every  American can use them.

 Strength in numbers

The size of our agent force is among the very top in the nation, with more than 5,000 dedicated agents across more than 300 U.S. sales offices. In 2013, we served more than 1.4 million policyholders and managed over $14 billion in assets. 

Extensive product portfolio

Through nationwide subsidiaries of CNO Financial Group, Inc., we are one of the industry’s largest providers of Medicare supplement and long-term care insurance. We also carry an array of life insurance products, annuities and supplemental health insurance options.

Service you can trust

Our agents live in the communities they serve and travel to the homes and businesses of their clients. We can show you how to help safeguard against unexpected health costs, generate guaranteed income, protect loved ones and promote an enduring legacy.

Thank you for your interest in Bankers Life.

Be well,

Scott L. Goldberg
President

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We commit to these ideals to build enduring value for our shareholders, associates, business partners and customers.

Integrity
We have the highest standards for ethics, fairness and personal responsibility. We're honest and straightforward. We operate within the letter and spirit of the law. We show unwavering consistency between words and actions. We comply with all laws, regulations and company policies.

Customer focus
We exist to improve the financial security of our customers and policyholders, and we put them first and foremost in all of our decisions and actions. We anticipate our customers' needs and move quickly and urgently to serve them.

Excellence
We act with a strong sense of urgency, recognizing that speed matters. We honor our commitments and we take personal responsibility for our actions. To meet the needs of our customers, we strive for excellence in our products, services and business processes. We are passionate about winning in the marketplace, and embrace any change needed to do so.

Teamwork
We win as a team, putting the enterprise ahead of any business unit, function, department or individual interests. We value diverse teams that take ownership of work efforts, and create an atmosphere of commitment, participation and collaboration. We trust that our team members act in the best interest of CNO, and we have confidence in their capabilities and intentions. Our associates grow personally and professionally through their experiences at CNO.

Every day, professionals like you are building rewarding, long-term careers through our insurance agent opportunities. You’ll gain confidence and grow your experience knowing the Bankers Life team supports you on your journey to sales success. Our nationally recognized training programs, advertising and prospecting tools, and innovative lead-generation programs help fit your business building needs and achieve sales success.

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At Bankers Life, we take pride in supporting causes that affect our customers and their families. Through strong partnerships with the Alzheimer’s Association, Meals on Wheels Chicago and Military Warriors Support Foundation, we’re making a meaningful impact in the communities we serve.


Alzheimer’s Association

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The Alzheimer’s Association is the world’s leading voluntary health organization in Alzheimer’s care, support and research. More than 5 million Americans today struggle with Alzheimer’s disease, and that number is expected to increase significantly. To grow awareness and financial support, Bankers Life organizes the annual Forget Me Not Days®, a nationwide fundraising campaign now in its 12th year. Since 2003, we’ve helped raise more than $3.7 million for the Alzheimer’s Association.



Meals on Wheels Chicago

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Bankers Life believes all individuals, especially homebound seniors and people with disabilities, should have the opportunity to live independently and with dignity in their own homes. That’s why we proudly support Meals on Wheels Chicago. For more than 25 years, this organization has supported programs offering needy residents more choices in their care and living arrangements, despite their age, income or ability.



Military Warriors Support Foundation

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Bankers Life partners with the Military Warriors Support Foundation to help combat-wounded heroes and families as they transition to civilian life. Through Homes 4 Wounded Heroes, a financial mentoring program, six families each year are awarded mortgage-free homes. The three-year mentor relationship helps put veterans on the path to a solid financial future.


Bankers Life Reviews

3.1
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Recommend to a friend
Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
274 Ratings
  • Helpful (178)

    "Tremendous Opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Sales in Bridgewater, NJ
    Current Employee - Insurance Sales in Bridgewater, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time

    Pros

    Bankers provides award winning training, an elaborate product portfolio and a rapidly growing market. They leverage cutting edge technology: contact and LEAD management, electronic business submission, an incredible proprietary mobile application. I have 11 companies I can be appointed with - making sure my clients get the best program for what they NEED. A great opportunity to receive great training, work with great people and make a great living, all for helping people.

    Cons

    This opportunity is just that, an opportunity. Those who don't take advantage of it won't think it is a good one. Even successful people deal with a ton of rejection, thick skin is needed. With a 40% closing ratio, I still hear "No" more than "Yes".

    Advice to Management

    Keep on the same path, leverage more partnerships and technology. Don't be too aggressive on timetables. The advancements are appreciated, but it is better to under promise and over deliver.

See All 1,073 Reviews

Bankers Life Photos

Bankers Life photo of: National Managers Meeting
Bankers Life photo of: Bankers Life is a BBB Accredited Business
Bankers Life photo of: Florida State Career Fair
Bankers Life photo of: National Managers Meeting
Bankers Life photo of: National Managers Meeting
Bankers Life photo of: National Managers Meeting
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Bankers Life Interviews

Experience

Experience
32%
29%
37%

Getting an Interview

Getting an Interview
44%
30%
14%
4
2
1
1

Difficulty

1.7
Average

Difficulty

Hard
Average
Easy
  1. Helpful (228)  

    Sales Manager Interview

    Anonymous Interview Candidate
    No Offer
    Negative Experience

    Application

    I applied through a recruiter. The process took 1 day. I interviewed at Bankers Life.

    Interview

    I received a call that my resume was found on a FL career website. I was asked to come in for an interview. When I informed the recruiter I was not interested in a sales only position I was told that there were other management position. It was very vague and after reading these reviews it seems my suspicions are founded. I decided not to attend the interview.

See All 670 Interviews

Bankers Life Awards & Accolades

  • Training Top 125, Training Magazine, 2016
  • Top 125 Training Companies, Training Magazine, 2014
  • Top 50 Performing Life-Health Insurance Companies, Ward's 50, 2013
  • MarCom Awards: Creative Excellence in Marketing and Communications, Association of Marketing and Communication Professionals (AMCP), 2012
  • Training Top 125, Training, 2012
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