Bankers Life Reviews | Glassdoor

Bankers Life Reviews

Updated September 18, 2017
907 reviews

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3.2
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Bankers Life President Scott Goldberg
Scott Goldberg
285 Ratings

907 Employee Reviews

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Pros
Cons
  • There is no base pay, no support, no help; management is like a leach stealing from you to line their pockets (in 46 reviews)

  • Cold calls in the office 2 days a week without compensation (in 61 reviews)

More Pros and Cons

  1. Helpful (192)

    "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.


  2. "I have worked at Bankers Life for 7 years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Branch Manager in Mobile, AL
    Current Employee - Branch Manager in Mobile, AL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I have really enjoyed my time at Bankers Life. I have consistently been promoted during my career, and have made more money than I thought possible at my former job. The training and support from our home office have been amazing, people are always willing to help out and share ideas. I have also been able to travel and spend more time with my family. Finally, everyone in the office is very supportive and friendly. They want to see you be successful.

    Cons

    This career takes a lot of persistence and perseverance. You will definitely face rejection and disappointment.

    Advice to Management

    Continue to improve on training materials and technology.

  3. Helpful (2)

    "Solid Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Unit Sales Manager in Edina, MN
    Current Employee - Unit Sales Manager in Edina, MN
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Bankers Life is a great company to work for. Everything that they have set out for me they have followed through with. It strives on sharing best practices so i get to learn from the best agents and managers. No one is hiding what they are doing. Everyone truly wants you to succeed. Top notch training and compensation.

    Cons

    This is a commission based compensation. I love it but it is not for everyone. I also think it does matter what office you are working in. While i do know several successful people from offices that gave them little in the way of support, starting in an office that has successful agents and successful managers is helpful. Some offices are better than others.


  4. "Great company to work for"

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

    I worked at Bankers Life (Less than a year)

    Pros

    The effort you put in to this job will be what you get out of it

    Cons

    Not ideal to someone who needs a salary type compensation

    Advice to Management

    Continue to coach new producers to success


  5. "Endless Opportunity"

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

    I have been working at Bankers Life full-time

    Pros

    Uncapped Earning potential. Financial, Personal, and Professional Freedom. The ability to help someone and get paid to do it.

    Cons

    Endless amount of continuing education available that is an on going process. The learning never stops!

    Advice to Management

    The culture of working in a team is encouraged and emphasized this company does a great job of promoting the winning culture!


  6. "Unit Field Trainer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

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

    Pros

    Great people, Great opportunity, Wouldn't change my decision to join the Bankers Lifestyle

    Cons

    If you you lack effort and accountability this is not the office for you. Or if you want to be paid just because you show up stay in the salary position you're in.


  7. "Bankers is great!"

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

    I have been working at Bankers Life full-time

    Pros

    The work place environment here is electric. The management and leadership is supportive giving frequent advice and training. It is a job that is rewarding with how you can help people protect their assets and future. The rewards and bonus structure here is unrivaled.

    Cons

    I would say the downside of this job is that it is a grind to get prospective clients at the start. The frequent rejection from prospects can be overwhelming if you do not have a strong support system behind you.

    Advice to Management

    Continue to push the people that work here and give them opportunities to fail allowing them to grow as a professional and person.

  8. "sales representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in Missoula, MT
    Current Employee - Sales Representative in Missoula, MT

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

    Pros

    flexible time, well-paid, great company

    Cons

    have to communicate with stranger a lot


  9. "Review"

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

    I worked at Bankers Life full-time

    Pros

    Own schedule
    Good atmosphere
    Fun place to work
    All commission

    Cons

    All commission
    No group plane


  10. "Hi"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Best company ever to work fo

    Cons

    Nothing at all great company


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