Bankers Life reviews

3.8

63% would recommend to a friend

(2,249 total reviews)
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Scott Goldberg

82% approve of CEO

63% positive business outlook

Bankers Life has an employee rating of 3.8 out of 5 stars, based on 2,249 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Bankers Life employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

2K reviews
3.0
Aug 6, 2012
Recommend
CEO approval
Business Outlook

Pros

income potential can be well over 6 figures get to hear interesting life stories of Seniors can really help people with the insurance products very easy to keep business going after the first year or two (if you make it that far...) potential client base is growing as baby boomers retire

Cons

very slow to start and if you do not have 6 months of money for bills set aside before you start you will worry about money too much told I would not have to cold call during interview but that is almost all you do to set appointments for the first year. The leads they provide new agents are usually "aged" meaning that they are months old and no one has gotten in touch with them yet (meaning you probably won't either). while you are an "independent contractor" who can work as much or as little as you want, the pressure is there to make it a full time 50+ hour week job for the first year tremendous turnover in new agents due to being misled during interviews or lack of sales in first few months

1.0
Oct 29, 2018

Insurance agent

Recommend
CEO approval
Business Outlook

Pros

Worst company to work for

Cons

They force you to go into the office and spend 20 hours a week in the office even if you are already booked and refuse to let you go to any other appointments. they don't give you insurance so while I was working there I had a terminal illness and did not know. Now they sent me a bill for $4, 000 is that they say are back so basically I work for them for 6 months so that I could owe them $4, 000. When I started at Transamerica they gave me a $1, 600 a week salary that I did not have to pay back. Pick a different insurance agency to work for because this company is a complete scam.

1.0
Feb 27, 2018
Recommend
CEO approval
Business Outlook

Pros

Training was not bad

Cons

At the Crystal Lake Location and the other affiliated branch in Carol Stream, these are both a puppy mill and revolving door. I do not care what nonsense they sling on you about making money it will not happen! They constantly are running ads for hiring and they are training new people every couple of weeks because everyone drops out like flies. You will waste time gas and money for a all commission job and the products are not that competitive. The managers make money while the low level people lives hang on by a thread. The oldest game since the beginning of time!

Viewing 34 - 36 of 2,249 Reviews

Glassdoor has 2,803 Bankers Life reviews submitted anonymously by Bankers Life employees. Read employee reviews and ratings on Glassdoor to decide if Bankers Life is right for you.