Bankers Life Reviews | Glassdoor

Bankers Life Reviews

Updated May 15, 2018
1,062 reviews

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3.4
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Bankers Life President Scott Goldberg
Scott Goldberg
367 Ratings

1,062 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 53 reviews)

  • 100% commission - no sell/no eat/no gas (in 72 reviews)

More Pros and Cons

  1. "The best company you could ask to work for! Period"

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

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

    Pros

    I have been with Bankers Life for eight years now and honestly, wish I would have started right out of school. I have had the opportunity to help so many people.

    Cons

    Wish I would have started at a younger age. There are so many people out there to help and we cant get to all of them


  2. Helpful (248)

    "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.

  3. Helpful (3)

    "POSITIVE"

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

    I have been working at Bankers Life full-time

    Pros

    GREAT TRAINING, an opportunity for those that want their own business. The first year is quite hard but they give all first year employees financial help with only a minimum production. Great way to start a career!
    Establish your own business for life.
    10,000 people turning 65 each day for the next 20 years!
    Only company in NY or CT. that truly understands and trains COMPREHENSIVE MEDICARE PLANNING

    Cons

    Hard work lots of things to manage. Must be able to multi task.

    Advice to Management

    Fixed Economic rewards for managers other than production.
    Good management is hard to come by. When done correctly production of non downline agents create windfall for company.


  4. Helpful (1)

    "tough but fair"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in Cary, NC
    Former Employee - Sales Associate in Cary, NC
    Recommends
    Positive Outlook

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

    Pros

    this job you can make a lot of money and really grow-top managers make a ton of money and most new agents don't make much. You gotta work hard and sometimes is doesn't work out-but that ALL sales. This company gives you a great support team of positive trainers who do it for you and then you gotta do it for yourself. I made a lot in my first three months, then did ok for about 9-10 months, but personal issues made me stop and get an hourly gig. I'd love to keep doing this, but didn't have the time.

    Cons

    If you don't sell-you don't make money! You gotta be able to put life on hold while you build a career here-don't start this if you can't commit, its not worth it.


  5. Helpful (4)

    "insurance agent"

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

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

    Pros

    You will receive all the training you need to be successful. It is a team effort to try and help people and make a difference. You need to be hardworking and dedicated to self improving.

    Cons

    There sometimes long hours and lots of phone calls.

    Advice to Management

    Management here in this office is great. I could not ask for better people to be over seeing me. They handle issues immediately and are constantly motivating.


  6. "Great place, need 3 months saved up at least"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Great community of people
    Great assistance moving up
    Training is okay
    You're responsible for you own business

    Cons

    Need at least three months of bills saved up to get started


  7. Helpful (3)

    "Tremendous potential as an independent agent"

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

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

    Pros

    It is a great opportunity for people looking to build there own business with the strength of multi billion dollar company. I have been here for a few years and just returned from a company provided trip to Punta Cana. Their are so many rewards that they offer.

    Cons

    You have to be willing to put in the time and effort as if it were your own company.

  8. "Business review"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bankers Life full-time

    Pros

    Bankers life is a flexible, fun, easy going place to work at.

    Cons

    This can be a high pressure place to work as well.


  9. "Great company - awesome opportunity! I have worked for BLC for 12+ years"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hoover, AL
    Current Employee - Anonymous Employee in Hoover, AL
    Recommends
    Positive Outlook

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

    Pros

    Amazing income opportunity - Life changing bonus opportunity

    Cons

    It's not easy. Nothing worth having usually is. You must apply yourself and be dedicated to achieving your goals. The first year is the most difficult, but when you have the right leadership they help you every step of the way.

    Advice to Management

    none


  10. "Great Opportunity and Environment"

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

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

    Pros

    Your Own Work Hours; Independence; Awesome Commission, Bonus, and Residual schedule; friendly environment; Lots of office training and online training to improve your skills; ability to work where ever you want to

    Cons

    No Salary; lots of employee turnover because people think it will be easy money (does that exist?); some micro-managers; cut-throat business

    Advice to Management

    Train your new hirees as if they are your own family coming to work at the office. Help new hirees during the first 90 days more in trying to make money (splits on your meetings they attend).


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