Bankers Life Reviews | Glassdoor

Bankers Life Reviews

Updated March 16, 2019
1,168 reviews

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3.5
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Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
423 Ratings

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 56 reviews)

  • "100% commission requires effort" (in 78 reviews)

More Pros and Cons

  1. Helpful (1)

    "Look yourself in the mirror before you try"

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

    I worked at Bankers Life full-time (Less than a year)

    Pros

    Great team atmosphere
    You get alot of BONUS MONEY!!!
    At the end of the day its a sales position and you get to be a business owner with no start up costs essentially. If you are lazy then it wont be for you. There are so many agents that make BIG MONEY so it just comes down to effort.

    Cons

    It's not easy
    Its commission
    You do have to give it a lot of effort for results

    Advice to Management

    More accountability for agents


  2. "What are you worth?"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Stafford, TX
    Current Employee - Financial Representative in Stafford, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    -You are in charge of your own career
    -They give you the training and tools to build your business
    -AMAZING BONUSES
    -Friendly and helpful staff and trainers
    -Extremely easy to move up in the company
    -No salary cap
    -Extremely flexible

    Cons

    -Lots of driving
    -Your only distraction is your own work ethic so if you aren't willing to work hard then this is not for you

  3. "HARD WORK GETS REWARDED!"

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

    I have been working at Bankers Life full-time

    Pros

    I work hard so I get great rewards! I determine how much I make!!! Wonderful training! Very moral staff, we care about each other and about our clients!

    Cons

    When I am lazy I do not make any money!!! (as it should be!)

    Advice to Management

    Keep doing what you are doing! I appreciate all the training and encouragement! The contests are lots of fun too!


  4. "worked there for several years. god people to surround yourself with and very easy going."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Receptionist in Bowling Green, KY
    Former Employee - Receptionist in Bowling Green, KY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bankers Life part-time (More than 3 years)

    Pros

    good pay, good people,very understanding

    Cons

    being able to get higher salary quick


  5. "Good Company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bankers Life full-time

    Pros

    Encouraging team. They work hard on training.

    Cons

    It's really hard to build your own book of clients.


  6. Helpful (3)

    "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Agent in Bensalem, PA
    Current Employee - Sales Agent in Bensalem, PA
    Recommends
    Approves of CEO

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

    Pros

    Great Experience. Great Culture. Helpful Community.

    Cons

    Have to put in the work.
    Sales.


  7. Helpful (3)

    "Not what I thought"

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

    I worked at Bankers Life part-time (Less than a year)

    Pros

    Liked the people I worked with.

    Cons

    Could not be completely honest with prospective agents.

  8. Helpful (1)

    "Don’t do it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrator in Wilmington, NC
    Former Employee - Administrator in Wilmington, NC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Bankers Life full-time (More than a year)

    Pros

    I rated 5 stars so this would be read....I know they push the bad reviews down.
    If you enjoy working in a passive environment with employees who’s main job is to make others hate their job, then go for it! Similarly, if you enjoy constantly being pushed with more work and never appreciated for it, this is your place. Worked there for almost two years and did several positions and projects, the whole time being told I would be compensated for the additional work. It took another year before I received a raise.
    The office I worked in did reticently get an air hockey table, so that’s fun.

    Cons

    Little return for the amount of work they ask, you feel belittled and pushed around more than you feel like you have accomplished something for the company. I highly recommend not being drawn into this company, you feel like you need to push yourself more and more to please them rather than accomplish you’re normal tasks. Just don’t do this to yourself, it isn’t worth it.

    Advice to Management

    Management needs a lot of consideration. Especially on how they treat and encourage their employees. They need to consider how the work place is moving forward and break away from the outdated ways of fearful management. Happy employees are more productive and give back to the organization that takes care of them.


  9. Helpful (4)

    "Changed my family's life."

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

    I have been working at Bankers Life full-time (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.

    Advice to Management

    Continue to provide mentoring, resources and support to incoming and Senior agents. Without these, I wouldn't be here today. Good leaders are good listeners.


  10. "Insurance associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service in Atlanta, GA
    Current Employee - Customer Service in Atlanta, GA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good for experience and something new

    Cons

    Far away from the inner city