Bankers Life Reviews | Glassdoor

Bankers Life Reviews

Updated November 14, 2018
1,133 reviews

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3.5
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Bankers Life President Scott Goldberg
Scott Goldberg
405 Ratings

1,133 Employee Reviews

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Pros
Cons
  • "There is no base pay (100% commission basis), so until you get up and running you won't make much" (in 54 reviews)

  • "100% commission - no sell/no eat/no gas" (in 75 reviews)

More Pros and Cons

  1. "Unit field trainer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Unit Field Trainer in Las Vegas, NV
    Current Employee - Unit Field Trainer in Las Vegas, NV
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (More than 3 years)

    Pros

    Ability to grow, and earn what you are worth.

    Cons

    If you can’t discipline yourself to work hard now to live a life no one else is willing to really “work” for but instead only “dream... “ then it will be hard. Only recommend for positive and driven people who want to do more for themselves.

    Advice to Management

    Give support to those who deserve it, those who are willing to put in 110 percent - give them the same commitment back and help them stay positive.


  2. Helpful (1)

    "admin"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Philadelphia, PA
    Current Employee - Anonymous Employee in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (More than 10 years)

    Pros

    flexibility, consistent training, fast paced, rewarded for your efforts

    Cons

    during certain times of the year long hours but the long hours do pay off

  3. "Great job"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bankers Life full-time

    Pros

    Great company to work for

    Cons

    There are no cons to this job


  4. Helpful (1)

    "Take The Leap"

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

    I have been working at Bankers Life full-time (Less than a year)

    Pros

    This is a place that you can get every penny you are worth, as long as you are willing to prove it. There is a team of trainers to help you develop your skills and guide you in process.

    Cons

    It can be a challenge to display the level of discipline needed to be successful, though it is definitely worth it if you do.

    Advice to Management

    Keep those leads coming!


  5. "New Agent Perspective"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Unit Field Trainer in Portland, OR
    Current Employee - Unit Field Trainer in Portland, OR
    Recommends
    Approves of CEO

    I have been working at Bankers Life full-time (Less than a year)

    Pros

    Structured curriculum for new agents. Hands on support from trainers and managers. Unlimited earning potential. Earn what you're worth. Make a difference in people's lives.

    Cons

    Just like any other job, it takes time to get your bearings in this industry. Must be willing to learn, adapt, and work hard.

    Advice to Management

    Keep up the support for new agents. It gets them past the learning curve and onto the road to success.


  6. Helpful (1)

    "Unit Supervisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - USV in Portland, OR
    Current Employee - USV in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (More than 5 years)

    Pros

    Life-Changing income and training are available here. The only cap is your effort, talent and ambition.

    Cons

    After a certain point there is little hand-holding you may be used to in a traditional hierarchical institution. This can be good or bad depending on one's personality

    Advice to Management

    Support the agents from six months to two years. This is where folks either make it or don't in the insurance and financial services industry.


  7. Helpful (1)

    "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - BOA Branch Office Administrator in Portland, OR
    Current Employee - BOA Branch Office Administrator in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (More than 8 years)

    Pros

    I am valued for my hard work and effort at Bankers Life! I've worked at the Portland office for over 8 years and I love that I'm valued and appreciated. Great training and excellent managers!

    Cons

    100% commission requires effort. If you don't have the drive to succeed, you probably won't.

    Advice to Management

    Continue the excellent training classes!

  8. "UFT / Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - UFT/Financial Advisor in Portland, OR
    Current Employee - UFT/Financial Advisor in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (More than a year)

    Pros

    1. 100% commission! You work, you get paid. The effort you put out comes back to you. No effort = No money.
    2. Fantastic training - hours of free training at your disposal. In the office, 3 months side by side training. Additional support from veteran agents and managers.
    3. Perks! Love the free holidays, conventions, money, prizes and lunch/dinners. I haven’t to pay for a lunch yet!
    4. Great group of coworkers.
    5. The opportunities are limitless- started as an agent, then trainer and now FA, who knows what’s next!

    Cons

    1. Hard work
    2. Relentless
    3. Effort.

    Oh wait. That’s what it takes to make it. Only cons I have experienced is having to tell all my friends that I am going to the Dominican, or Mexico, Florida, or somewhere sunny for a holiday. Or that I can’t make it to an event because I am dining at some swank new restaurant with work mates.

    Advice to Management

    Keep up with the FSP - And bonusing FTA


  9. Helpful (33)

    "Great Team, Great Office Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Field Trainer/Agent in Fleming Island, FL
    Current Employee - Field Trainer/Agent in Fleming Island, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (Less than a year)

    Pros

    100% commissions so unlimited potential, work/life balance is really good after 1st year, "if you don't like the people you work with you can change them". The company promotes from within and certainly put in training $. I have NEVER had a job the pays out the types of bonus simply for doing your job. It is SIMPLE NOT EASY--that's what we say.

    Cons

    100% commissions so dig deep and go for it, be prepared to "struggle" for the first 3 months. By that I mean if you are new to Insurance it may be overwhelming therefore appointment setting and closing might be a challenge. You have a "mentor" for the first 3 months though and if they do their job correctly you will be ok.

    Advice to Management

    When interviewing you should let us know some of the possible struggles ahead, its not all roses and unicorns.


  10. "Honesty"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at Bankers Life full-time

    Pros

    You can Get recruited quickly

    Cons

    You Don't really get well


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