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Bankers Life Insurance Agent Reviews

Updated Aug 10, 2020

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3.2
56%
Recommend to a Friend
84%
Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
214 Ratings
  1. Featured Review
    Helpful (7)

    "Excellent Career"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Sales Agent in Louisville, KY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time for more than a year

    Pros

    Amazing company to join and get a taste for the industry. They guide you every step of the way. Excellent training, coworkers, and management.

    Cons

    Tough in the beginning but time management and dedication will take you places in this company!

  2. "Bankers Life Review"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Licensed Insurance Agent in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time for less than a year

    Pros

    Great office environment. Excellent training.

    Cons

    Low commission schedule for product.


  3. "Worked here for a little over one month."

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Agent in Warwick, RI

    I have been working at Bankers Life full-time for less than a year

    Pros

    Great training, paid weekly salary for first few weeks

    Cons

    Long hours, tough to get new clients

  4. Helpful (1)

    "Great career for the right person"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Contractor - Insurance Agent 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life for more than a year

    Pros

    Your income potential is huge. This is a career where your hard work actually means something. If you put in the time and effort, you will make more money. The company heavily invests in their agents and are always looking for the next manager or financial advisor. Your hard work is rewarded with these opportunities. Everybody in upper management or a financial advisor position started from the bottom as an insurance agent. They understand what it is like to be in your position from day 1 and provide advice and resources to help you succeed.

    Cons

    This career isn't for everybody. You need to be passionate about the work you do or succeeding will be much harder. The pay is commission only so it can be tough for the first couple of years.

    Continue reading
  5. "Great place"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Sales Agent 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time for less than a year

    Pros

    Great opportunity for income. Entrepreneurs welcome.

    Cons

    Difficult to break into as a career.

  6. "Good Company"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Agent 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time for more than a year

    Pros

    Fast pace and supportive work environment with lots of opportunity.

    Cons

    Commission based job can be very stressful.

  7. Helpful (161)

    "Changed my family's life."

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Agent in Paducah, KY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time for more than 5 years

    Pros

    No one determines how much I'm worth or how much my time it worth. I earn what I put into the career. By far the most rewarding career I've ever been in and it keep getting better every year. The bonuses during the 1st year of the career are great while one get momentum, and the fact that bonuses are ongoing all year long, makes it even a better incentive to work hard.

    Cons

    Not sure if this is a "con". The fact that we are in commission only instead of salary or hourly pay makes it possible for us to get paid our full commissions! I've seen hourly wages in other companies, and it's a shame someone made $100 a day in hourly wages when they could have made hundreds more with the same effort and production if they were in commissions. If anyone is looking for a job where you can just milk the clock and get paid, this is not it. But if you're looking for a vocation or career that pays you what you're worth? This is it.

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  8. "DONT WORK HERE"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Insurance Sales Agent 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bankers Life full-time for less than a year

    Pros

    Did not owe taxes because i made pennies compared to how much driving i did.

    Cons

    They act like someone will care and help. They only want to help you long enough for them to get a bonus. Predatory, Lecherous, Liars. Six months later i get a bill because the $1000.00 they withheld from my pay did not cover the "chargebacks" they issue after you leave. I just cut them a check for another $250.00

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  9. "Low comp"

    3.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Contractor - Insurance Agent 

    I have been working at Bankers Life

    Pros

    They have great training programs

    Cons

    They could pay higher commissions

  10. "Bunch of Con Men and Women"

    1.0
    Former Contractor - Insurance Sales Agent 

    I worked at Bankers Life

    Pros

    If you like being abused this is the place for you. Owner puts arm around you while he lies in your ear. like he is offering you this great secret gift. All part of the con.

    Cons

    Liars and Con Men. Once they use up all your leads your out. Financial Managers Grab up all the money. Just use you to give them your customers. Horrible work environment. Everyone walks around scared hiding from the owner. They will embarrass even the best sales agents at meetings. Just so owner can show he's the boss. Like working for Donald Trump. Treated with absolutely no respect.

    Continue reading
Found 668 reviews