Bankers Life - Insurance Agent | Glassdoor
Pros
Cons
  • "There is no base pay (100% commission basis), so until you get up and running you won't make much" (in 55 reviews)

  • "100% commission requires effort" (in 78 reviews)

Employee Review

Employee Review

"Insurance Agent"

StarStarStarStarStar
Former Freelancer - Insurance Agent in Chesapeake, VA
Former Freelancer - Insurance Agent in Chesapeake, VA
Recommends
Neutral Outlook
Approves of CEO

I worked at Bankers Life (Less than a year)

Pros

You can pretty much make your own schedule, helpful office environment, and great opportunity to make a lot of money

Cons

Commission only and relying on clients to pay their premiums.

Other Employee Reviews

Other Employee Reviews

  1. Helpful (11)

    "Horrible god awful company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Colorado Springs, CO
    Former Employee - Insurance Agent in Colorado Springs, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bankers Life (Less than a year)

    Pros

    NONE! You wont get paid, you will work 14 hour days and make no money, they will tell you that you will make 4,000 a month and that you can make your own scheudle when in reality you will make maybe 300 bucks if you are lucky. and will have to work 12-14 hour days.

    Cons

    Liars, sexual harrasment, bullying. never getting paid.

    Advice to Management

    probably should find a new job


  2. Helpful (1)

    "Insurance Field Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Bankers Life as a contractor

    Pros

    They have a very good products to sell and They stress personal service to clients. They do a good job training you and they provide professional looking materials for you.

    Cons

    No advertising, no lower price range products for people who can't afford the best. The leads they give you are the worst. They are old and recycled. Poor agent management AND when you leave they rewrite your policies and try to make you pay the chargeback.

    Advice to Management

    Get better leads. Support your agents and don't play favorites. Don't let agents rewrite policies when someone leaves. The most successful agents in my office all got appts from a group who had bought up all the open leads and gave them to agents who split with them. They didn't make a lot of their own calls. Be honest with new agents.

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