Beneficial Life Reviews | Glassdoor

Beneficial Life Reviews

Updated July 20, 2017
11 reviews

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3.4
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Kent H. Cannon
4 Ratings

Employee Reviews

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  1. "Good Experience"

    StarStarStarStarStar
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    learned a lot actual credit research tools

    Cons

    it's a 2 credits program so we didn't stay at the office regularly


  2. "employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Staff in Los Angeles, CA
    Former Employee - Staff in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    good environment, nice management, friendly co workers

    Cons

    salary is not as high as other life insurance companies

    Advice to Management

    kindly develop more succession programs for employees and sales people

  3. "Beneficial Insurance review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    The people were kind, located in a nice area of the city. Will help you get your license

    Cons

    Many though focused too much on what others were doing. There is no growth plan or way to move up.

    Advice to Management

    set up 6 month reviews and a stepping path to hold more people


  4. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Beneficial Life full-time (More than 8 years)

    Pros

    The company has very nice and talented people. The working environment is very friendly. There are rooms for junior staff to grow. The company is expecting to produce renewal profits going forward.

    Cons

    The company is in run-off, i.e. it is not accepting new business but will continue to serve its existing customers. The customer service is very professional

    Advice to Management

    More transparency will be helpful.


  5. "Good experience but they don't give offer for summer interns."

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    I applied on campus, they seemed nice and really helped a lot in the intern. Learned a lot

    Cons

    No very many opportunities. The management seemed not in order.


  6. "Provided credit report about company assigned."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Investment Analyst in Salt Lake City, UT
    Current Intern - Investment Analyst in Salt Lake City, UT

    I have been working at Beneficial Life as an intern (Less than a year)

    Pros

    Being able to obtain financial skills and knowledge.

    Cons

    The company does't issue insurance policy any more.

    Advice to Management

    Be punctual for deadline.


  7. "Good company to work for"

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

    I worked at Beneficial Life part-time

    Pros

    Good work culture, fund place to work at.

    Cons

    Things can be slow sometimes

    Advice to Management

    None

  8. "I learned a lot."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Risk Analyst Interen in Salt Lake City, UT
    Former Employee - Credit Risk Analyst Interen in Salt Lake City, UT

    Pros

    I learned a lot about what goes into determining the credit risk profile of potential fixed-income securities. It was good but not as good as an internship at a big bank would have been.

    Cons

    The internship was for academic credit rather than money.


  9. "Nice people, low pay"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Actuarial Intern in Salt Lake City, UT
    Former Employee - Actuarial Intern in Salt Lake City, UT

    Pros

    Beneficial has a nice, friendly environment. The people there are all nice. They are willing to give you time off when you need it.

    Cons

    I didn't get as much support or feedback on my project as I would have liked. They generally pay less than other life insurance companies. They are in runoff mode, meaning they are not selling any new life insurance policies and are gradually shrinking down to nothing.


  10. "A great growing experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Recommends

    Pros

    Great regional company that allows you to get exposed to big picture view of the insurance company. You don't have to deal with SOX or any of the other annoying regulations

    Cons

    Job opportunities will be limited going forward because the company has gone into runnoff. It is sad because it was the only real life insurance company in Utah.

    Advice to Management

    I think management did a great job. The only downfall was that it was a regional company that was trying to compete with big companies that had larger economies of scale. They were fighting a losing battle.