Mutual of Omaha Employee Reviews about "commission based"

Updated Jan 11, 2021

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3.9
73%
Recommend to a Friend
93%
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Mutual of Omaha CEO James T. Blackledge
James T. Blackledge
250 Ratings
Pros
  • "Work life balance, PTO, benefits(in 33 reviews)

  • "Excellent training program and great people to work with(in 24 reviews)

  • Cons
  • "Not a con because it is something you know when you take the job- 100% commission based(in 18 reviews)

  • "Work-life balance in some areas was not ideal(in 12 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "commission based"

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    1. 5.0
      Current Employee

      Insurance Advisor

      Oct 8, 2020 - Insurance Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Control your own schedule throughout

      Cons

      100% commission based no salary

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    2. 3.0
      Current Employee, less than 1 year

      Great people, difficult business

      Jan 11, 2021 - Insurance Agent in Worcester, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The people at Mutual of Omaha are so helpful and kind. They want you to succeed!

      Cons

      This is strictly commission based and it is definitely tough to build your business. If you have the time to do it, I'd definitely advise you too, but I learned that it was not for me.

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    3. Mutual of Omaha - Financial Advisors | Division of Mutual of Omaha
      1.0
      Former Employee, more than 1 year

      Horrible place to be an advisor/agent

      Jan 24, 2020 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible schedule, that's about it.

      Cons

      The company doesn't care about helping people, they only care about you selling insurance products, even if the product isn't a good fit for your client. You're not a financial advisor, you're a life insurance salesman; your family & friends will get annoyed with you trying to sell them insurance; you DO NOT own your book of business; commission based only; high turnover - they don't care if you leave because then they can just replace you with the next person who will sell to their family and friends for a year.

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      6 people found this review helpful
    4. 3.0
      Former Employee, less than 1 year

      its what you make of it

      Jul 10, 2019 - Insurance Agent 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      complete control of what you get done. They really give you free reign to do what you want and pursue prospects you want to. Very laid-back office environment. They pay for all of your licensing.

      Cons

      commission based. if you don't get any new business, you won't make money. the new advisor "allowance" they give you in the first months of your employment is contingent on bringing in new business. You have to create a list of people you know (they say this is to get an idea of who you might be comfortable selling to) and then later they will make you sell to those people during your "Launch Week". If you don't like the idea of being heavily encouraged to sell insurance products to your loved ones, this is not the job for you. Be prepared to work long hours.

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    5. Mutual of Omaha - Corporate | Division of Mutual of Omaha
      5.0
      Current Contractor, more than 3 years

      Mutual of Omaha Registered Rep

      Apr 19, 2019 - Registered Representative in Raleigh, NC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Time freedom Run your own business

      Cons

      100% commission based pay Management

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    6. 3.0
      Former Intern

      Financial advisor

      Oct 2, 2018 - Anonymous Intern 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people who want to help you and see you succeed

      Cons

      not enough stability if thats what your looking for. its a commission based job

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    7. Mutual of Omaha - Corporate | Division of Mutual of Omaha
      2.0
      Former Employee, more than 3 years

      My experience at Mutual of Omaha was below par.

      Mar 19, 2014 - Sales Representative in Indianapolis, IN
      Recommend
      CEO Approval
      Business Outlook

      Pros

      My DSM was very gracious with his time. He put in the work to help you succeed. However, he tries to become your friend rather than your boss. He is unprofessional at times when he should be presenting a professional character. He is knowledgeable about the products.

      Cons

      TONS OF TURNOVER. Management will hire anyone and see who can cut it. I was hired away from a reputable wealth management firm b/c I was promised higher commissions. I ended up sharing a desk with an ex-McDonald's employee with no college degree or experience outside running a cash registrar. Commission based. The compensation structure is very skewed. At times I thought I was owed commission dollars only to find out it was not owed to me b/c of some random expense management fails to disclose to you. THE PRODUCTS ARE NOT PRICE COMPETITIVE. If you are looking to sell insurance, the brokerage path is the way to go. Brokers represent the interest of the client. Mutual of Omaha agents represent the company and the company's bottom line.

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      3 people found this review helpful
    8. 5.0
      Former Employee, more than 1 year

      I loved working here

      Jan 29, 2014 - Insurance Agent in New London, CT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      It is a house whole name and I had a mission of helping families with life insurance.

      Cons

      It commission based and you need a second job to pay to market yourself and pay for leads. This is essential in growing a business and your brand. It takes money to make money in Life Insurance.

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      2 people found this review helpful
    9. 5.0
      Current Contractor, more than 1 year

      insurance Agent

      Mar 4, 2018 - Insurance Agent in Lubbock, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      This job gives you endless opportunities to become successful. You have a team of agents who are there for you and a manager who cares so much about you that you never feel like you’re going at it alone.

      Cons

      You have to work to make money. It’s all commission based.

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    10. 4.0
      Former Employee, more than 1 year

      Great place to learn!

      Oct 7, 2017 - Training and Recruiting Specialist in Bridgeport, CT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Tons of room for growth, great training, lots of structure. Great place to a build your career! I would highly recommend.

      Cons

      Commission based positions, slight micromanagement, but that comes with the structure. Overall, I feel as though the pros outweigh the cons.

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