Equitable Life Insurance Company of Canada Reviews | Glassdoor

Equitable Life Insurance Company of Canada Reviews

Updated May 7, 2017
16 reviews

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Full-time Part-time

3.3
Star Star Star Star Star
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Ronald Beettam
6 Ratings

16 Employee Reviews

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  1. "Actuarial"

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

    Pros

    Good work environment. Reasonable work hours

    Cons

    Salary was below industry standard


  2. "Nice place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Group Administration Specialist in Waterloo, ON (Canada)
    Former Employee - Group Administration Specialist in Waterloo, ON (Canada)
    Approves of CEO

    Pros

    Very unpretentious place to work, nice people, want you to succeed, free training, employee engagement initiatives, nice work environment.

    Cons

    Slow, somewhat bureaucratic, a bit too comfortable. Was changing when I was there

    Advice to Management

    Keep transforming the company


  3. "Can't say"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Waterloo, ON (Canada)
    Current Employee - Anonymous Employee in Waterloo, ON (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Equitable Life Insurance Company of Canada full-time (More than a year)

    Pros

    - Good challenging work
    - Drama free co-workers-
    - Nice ping pong table and monthly tournaments

    Cons

    -Barely any parking - way too many employees for the number of parking spots on site. They do have more spots at couple different curches but they are too far.
    - All employees are old. No young fun co-workers
    - No career advancement
    - Low salaries
    - No free coffee
    - Cafe food is absolutely garbage

    Advice to Management

    Stop being cheap and spend some money. Ron (CEO) is absolutely full of himself.


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  5. "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    good culture and community partner, benefits are competitive

    Cons

    salary not competitive and parking is challenging


  6. Helpful (1)

    "Good place - recommended"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Recommends
    Positive Outlook

    I have been working at Equitable Life Insurance Company of Canada (More than a year)

    Pros

    Good place to work
    Great benefits and pension plan
    Nice work - life balance
    Good compensation package
    Nice work atmosphere, good people

    Cons

    Few people got fired for no obvious reason - makes you little nervous


  7. Helpful (1)

    "Small company with typical issues"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Waterloo, ON (Canada)
    Former Employee - Anonymous Employee in Waterloo, ON (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Equitable Life Insurance Company of Canada full-time (More than a year)

    Pros

    Smaller company so making decisions can be done quickly

    Cons

    No resources to really make meaningful change, though there is lots of dreaming by management that they are making transformational change

    Advice to Management

    Focus on truly core competency and cut out the desire to be holistic provider


  8. Helpful (3)

    "Wonderful company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Group Administration Specialist in Waterloo, ON (Canada)
    Current Employee - Group Administration Specialist in Waterloo, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Equitable Life Insurance Company of Canada full-time (Less than a year)

    Pros

    Friendly environment
    Work as a team

    Cons

    Not much room to vertically advance


  9. Helpful (2)

    "Experience at Equitable"

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

    I have been working at Equitable Life Insurance Company of Canada full-time (More than 3 years)

    Pros

    Equitable Life values work-life balance by providing a flexible work schedule to employees. People in the company are friendly and willing to help. Because the company is small an individual has the chance to work on many different tasks rather than being specialized on one particular task. There is less bureaucracy compared to other companies so that tasks get done faster. Equitable is an excellent corporate citizen with a strong culture of volunteerism and charity. Several events are organized during the year. Finally, Equitable provides an excellent benefits package to its employees.

    Cons

    Because the company is small it is harder for an employee to obtain a promotion. One may feel that at times, people are strongly encouraged to participate in a charity event.


  10. Helpful (1)

    "Web developer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Web Developer in Waterloo, ON (Canada)
    Former Employee - Web Developer in Waterloo, ON (Canada)
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Equitable Life Insurance Company of Canada full-time (Less than a year)

    Pros

    Latest tools are available to work with

    Cons

    The Agile process is never fully explained


  11. Helpful (1)

    "This move was a huge mistake."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wholesaler in Toronto, ON (Canada)
    Current Employee - Wholesaler in Toronto, ON (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Equitable Life Insurance Company of Canada full-time (Less than a year)

    Pros

    It is a small company. So you get to have good job variety. ie) none of the support the role would have with another firm. There whole life product is very good ... and they are still a mutual company.

    Cons

    Senior management needs to move on ... at the highest levels. This company is very small in comparison to its competitors. As a result to drive sales they bought business with high comp products and MGAs that wouldn't have been able to get contracts anywhere else. They have literally lost millions of dollars with less than ethical sales practices and advisors. And now they are making things worse by terminating MGAs and advisors.

    Advice to Management

    This company can't survive. Their investment products are so uncompetitive. And while the whole life is good, they are a tier 3 company who can't win over any serious MGA or established advisors. They have been terminating advisor contracts very quickly, often without valid reasons, and word is spreading. They will not be able to compete as economies of scale become more important. They need to demutualize and sell.


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