Bankers Life Reviews | Glassdoor

Bankers Life Reviews

Updated July 12, 2018
1,077 reviews

Filter

Filter

Full-timePart-time

3.5
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
374 Ratings

1,077 Employee Reviews

Sort: PopularRatingDate

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. Helpful (10)

    "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.


  2. Helpful (257)

    "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. "Great opprotunity for those to take it."

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

    I have been working at Bankers Life full-time

    Pros

    Amazing working environment, great support from staff, involved and supportive training program with huge earning potential.

    Cons

    Takes a lot of self management and discipline. And as with any commission only pay, it's feast or famine.

    Advice to Management

    Keep doing what you're doing!


  4. "Amazing"

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

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

    Pros

    Great training, great support, great culture, great leadership team.

    Cons

    Full commission, it is a lot of work but worth it.


  5. Helpful (1)

    "Very good training programme."

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Offer world class training for there agents.

    Cons

    Commission based only without a base pay.

    Advice to Management

    Pay a base salary and update your leads register.


  6. "Bankers Agent"

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

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

    Pros

    Wonderful company to work for!

    Cons

    The hours can be long.


  7. "Unit Field Trainer, Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Unit Field Traine in North Myrtle Beach, Horry, SC
    Current Employee - Unit Field Traine in North Myrtle Beach, Horry, SC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Love the career, make my own schedule, help clients, like fellow agents and management, make good money

    Cons

    got to get accustomed to commission sales

    Advice to Management

    continue the excellent training and support for the agents

  8. Helpful (2)

    "Bankers is the Best place for a Career Change to Financial Services: Atlanta West office"

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

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

    Pros

    Leadership and Mentoring : the top 2 managers are CFP’s in Atlanta West. New Agent income support is now available! Highly Ranked training program in the world by HR Magazine because it’s designed for career changers.

    Cons

    A high amount of effort and entrepreneur spirit is crucial. Not a good fit for a part time gig. First 2-3 months are challenging.


  9. Helpful (2)

    "Insurance Sales Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Unlimited Earning Potential. Can Work From Home. Make Your Own Schedule.

    Cons

    They expect you to work 10-12 hours a day including weekends to get appointments. Commission only, no base pay. Appointments do not mean sales.


  10. Helpful (1)

    "Agent Review"

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

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

    Pros

    I have been with Bankers Life & Colonial Penn for 8 months and CAN NOT express what a life changing career change this has been for me! The limitless professional opportunities as well as the financial opportunities are mind blowing! The support you receive from the multiple training systems as well as the AMAZING leadership team here at the office gives you the confidence to go out and succeed beyond your wildest dreams! I AM TRULY LIVING THE DREAM!!

    Cons

    There is NOT a single downside to coming to work for Bankers Life and Colonial Penn!

    Advice to Management

    Keep up the great work! The way you prepare new agents to go out and take on the community is truly wonderful and amazing!!


Showing 1,077 of 1,324 reviews
Reset Filters