Lincoln Financial Group Reviews | Glassdoor

Lincoln Financial Group Reviews

Updated April 23, 2017
512 reviews

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512 Employee Reviews

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Pros
Cons
  • Work/life balance philosophy tends to vary depending on your manager (in 22 reviews)

  • Hard to move up in the same department, most must transfer out of a department to see a pay bump (in 7 reviews)

More Pros and Cons

  1. Helpful (2)

    "Project Manager"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good 401K and Benefits. Had been trying to hire rock stars from outside the insurance industry most very knowledgeable wth regards to technology and process improvements. Used to working in very fast paced environments.

    Cons

    Due to continued Executive Level micromanagement and inability to listen to guidance/advice wth regards to technology and process improvements, LFG in a perpetual state of analysis. Can't get anything done. Projects that should take 6-9 months going on for years, spending thousands of dollars and accomplishing nothing. Just end up starting over again. Those rock stars that can do so leave.

    Advice to Management

    Listen to employees with experiences outside of the insurance industry that have the technology and process knowledge. You don't have to know insurance to be successful in this industry. In fact, not having insurance knowledge is more beneficial. Listen to your rock stars instead of driving them away. Don't micromanage your people.


  2. "NBA"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - New Business Associate in Hartford, CT
    Former Employee - New Business Associate in Hartford, CT
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Lincoln Financial Group full-time (More than a year)

    Pros

    Work from home is possible on bad weather days, garage is attached to the building which is safer in Hartford.

    Cons

    Management is useless. A NBA role on one team is very different from one on another team yet they're judged the same. Terrible outdated technology. The building is dated. Pay is extremely low compared to other companies. Career growth is very difficult.

    Advice to Management

    Listen to feedback from employees. Look at reasons for high turnover. Get rid of useless managers. Let employees rate managers in a survey. Update technology.


  3. Helpful (2)

    "DO NOT WORK HERE"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Claims Examiner in Atlanta, GA
    Current Employee - Claims Examiner in Atlanta, GA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great 401K; Food in the cafeteria is very good; covered parking

    Cons

    The Group Protection area lacks structure and organization. There are a lot of AVP, VP and Directors but no real leadership. There is a loss of reality at this company. Group Protection is light years behind the industry competition. Technology, practices and standards are outdated. There is no teamwork or collaborative effort to run the business. Everyone is out to make themselves look good, but has no concern for the organization as a whole. You will be quickly thrown underneath the bus. The turnover is extremely high. YOU WILL NOT BE SUCCESSFUL IN GROUP PROTECTION! The account management staff is clueless and quite frankly LAZY.

    DO NOT WORK FOR THIS COMPANY. You will regret it.

    Advice to Management

    Gain a sense of reality and recognize that people want career advancement, growth and development. The staff needs execution of your words and not the hot air.


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  5. Helpful (5)

    "Underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Underwriter in Fort Wayne, IN
    Current Employee - Senior Underwriter in Fort Wayne, IN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Lincoln Financial Group full-time (More than 3 years)

    Pros

    Steady, stable employment. Lots of PTO and lots of surprise perks. It started out if a wonderful place to work until it wasn't.

    Cons

    Pay, expectations and favoritism is rampant. The employees should unionize for their own protection. The company is yet again reorganizing and driving a lot of seasoned, well trained and highly competent employees out of their positions.

    Advice to Management

    Stop being bullies. Listen to your employees as they got you where you are.


  6. Helpful (3)

    "Director - Group Claims"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director - Group Claims in Omaha, NE
    Former Employee - Director - Group Claims in Omaha, NE
    Doesn't Recommend
    Neutral Outlook

    I worked at Lincoln Financial Group full-time (More than 8 years)

    Pros

    401K, well run in Annuities and Individual Life

    Cons

    Serious lack of resources, unrealistic staffing model, technology infrastructure abysmal, does everything on the cheap, data and metrics are nonexistent and not accurate when they do exist, sold bad risks for several years at deep/deep discounts, sales team loved it but the rub was horrible earnings. Runs staff into the ground by insisting they work most weekends and holidays. Vendors and consultants are hired "on the cheap"

    Advice to Management

    Get out of Group Benefits. You obviously do not have the expertise or capabilities to compete with the top tier competitors.


  7. "Worst job experience!!"

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

    I worked at Lincoln Financial Group (More than a year)

    Pros

    I received a paycheck to pay bills.

    Cons

    Very unorganized company that does not value their employees. Employees are unable to maintain any work/life balance with the unrealistic expectations.

    Advice to Management

    You have to wonder if it isn't the manager when the entire team quits or gets fired for "sufficient" reasons......


  8. Helpful (4)

    "Benefit Specialist/Claims Examiner"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Omaha, NE
    Current Employee - Anonymous Employee in Omaha, NE
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Lincoln Financial Group full-time (More than 3 years)

    Pros

    Decent environment with mostly professional and friendly people depending on what department you are in. Benefits are decent and pretty good focus on wellness living.

    Cons

    Salaries below market value, high caseloads, individuals in leadership position beyond their competence level, high expectations with very little reward, allows hostile work environments to thrive w/o intervention especially between a subordinate and their supervisor/manager and/or other departments, departments like to build silos with very little help and/or cooperation with other areas, unprepared and doesn't do enough research before launching new products or services, very much reactive with very little focus on being proactive, will make "business decisions" to allow the payment of benefits to claimants for events/situations that don't meet the stipulations of the contract but b/c the broker bring in a significant amount of premium and "we want to make them happy" as well as b/c of how high the claimant was on the food chain within the client's organization - basically the low man on the ladder gets hosed. Career pathing is a joke and although it has very good looking materials with a pretty decent breakdown of the different levels and job titles associated with those levels, it doesn't provide any practical ways to develop the skills and abilities to get to the next level, which means if you don't have a decent-good manager you are not going anywhere.

    Advice to Management

    Hit the reset button, wipe the hard drive clean and start all over b/c you definitely have lost your way. You have picked up a serious mess of malware and viruses along the way that has corrupted your system and infected everyone from the top on down. Mr. Abraham Lincoln would be ashamed to have his name associated with this train wreck.


  9. Helpful (2)

    "Poor place to work"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Team environment, has nothing to do with management and just good people working at the company.

    Cons

    Hire from the outside rather than promote from within. Value diversity over quality of work.

    Advice to Management

    Promote based on qualifications rather than gender and ethnicity.


  10. Helpful (2)

    "Horrible company"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    Current Employee - Financial Processor in Fort Wayne, IN
    Current Employee - Financial Processor in Fort Wayne, IN
    Doesn't Recommend
    Neutral Outlook

    Pros

    Good benefits and never a dull moment

    Cons

    Very low pay, no room for advancement.


  11. Helpful (1)

    "Work Life Balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Radnor, PA
    Former Employee - Anonymous Employee in Radnor, PA
    Doesn't Recommend

    I worked at Lincoln Financial Group full-time

    Pros

    Benefits, especially 401k company match.
    Nice co-workers

    Cons

    PTO. There is no work life balance.

    Advice to Management

    Care about all levels of employees



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