Colonial Penn Life Insurance "licensing" Reviews | Glassdoor

Colonial Penn Life Insurance Employee Reviews about "licensing"

Updated Nov 29, 2018

To filter reviews, or .

Found 53 reviews

2.2
StarStarStarStarStar
Rating TrendsRating Trends
24%
Recommend to a Friend
51%
Approve of CEO
Colonial Penn Life Insurance CEO Joel Schwartz
Joel Schwartz
2 Ratings
Pros
  • "you can work from home after 1 year(in 7 reviews)

  • "Assists with obtaining licensing for Life Ins(in 4 reviews)

Cons
  • "CSR are always given more descriptions to their job but still want them to achieve sales goals RIDICULOUS(in 5 reviews)

  • "They are never satisfied and prey on the sick and elderly(in 4 reviews)

More Pros and Cons

Reviews about "licensing"

Return to all Reviews
  1. "Very Stressfull Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Tele-Sales Agent in Philadelphia, PA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Colonial Penn Life Insurance full-time for more than a year

    Pros

    Very health conscious , convenient location , very fair pay ..they pay for the licenses

    Cons

    If you are not making the company money .....they don't want you . They care nothing about the customer , all that matters is getting the initial premium. If I don't get out of here I will have a heart attack .......the stress is unreal . I have seen some wonderful people leave or even get fired .......for nothing . They care more about a script then making a person feel comfortable about the items they are...

    Show More

    Advice to Management

    Keep in mind .....we are working with people not robots .....you can make a person send in the policy .

    Colonial Penn Life Insurance2017-07-13
  2. "Senior Insurance Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Insurance Sales Agent 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Colonial Penn Life Insurance full-time for more than 5 years

    Pros

    Good pay and benefits, the company will pay for your insurance licenses for all 50 states.

    Cons

    Poor management... The average educational level of the supervisors is an 8th grade equivalent. The rules and regulations are not disseminated equally. The management team is so afraid to do the right thing in fear of losing their job.

    Advice to Management

    Hire professional, educated supervisors who takes pride in their writing and verbal skills. Be consistent in applying rules and regulations. Learn to value and appreciate good employees.

    Colonial Penn Life Insurance2017-03-01
  3. Helpful (2)

    "Good for interim employment while looking for something better."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Sales Representative in Philadelphia, PA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Colonial Penn Life Insurance full-time for more than 3 years

    Pros

    Easily accessible by public transit, small business atmosphere, free coffee. New CEO is great and is cleaning up Management so things may be getting better in the near future. Co-workers are very kind and helpful. Company pays for and gives support for employee licensing which is rare in insurance business.

    Cons

    Pay not great, health insurance benefit plan is awful and the employee contribution is extremely high , mandatory Saturdays, sales bonuses are quarterly and very small. Facilities and technology need updating. Not much diversity in sales force.

    Colonial Penn Life Insurance2013-05-05
  4. "Looking to Leave Any day now"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Telesales in
    Doesn't Recommend
    Neutral Outlook

    I have been working at Colonial Penn Life Insurance

    Pros

    Flexibility with work schedule (ie. ft,pt,day shift,evening shift, work from home) Yearly pay raises (not much but at least they do it) Assists with obtaining licensing for Life Ins

    Cons

    Medical benefits are horrible; Qtrly incentative change every quarter to disqualify more people and are unfair; supervisors are unprofessional; work environment is juvenile (good for those fresh out of high school); unrealistic sales goals; blatant harassment and pressure tactics to induce sales of a mediocre product to low-income (often uneducated)seniors

    Advice to Management

    You need to stop promoting sales reps to supervisor and quality positions. This leads to the bad results that your department is achieving. There is a lot of cliches and unprofessionalism within the sales department.

    Colonial Penn Life Insurance2012-07-28
Found 53 reviews