Bankers Life reviews

3.8

63% would recommend to a friend

(2,250 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 2,250 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
5.0
Aug 21, 2015

Leadership Track

Recommend
CEO approval
Business Outlook

Pros

I started with Bankers Life in 2001, with little to no knowledge on insurance. I was able to earn 3 promotions in my first 5 years and have been running my own Branch Sales Office for the last 9 years. This career is for those that are willing to work hard and take ownership. The training is top notch, the product portfolio is wide, and the compensation is very generous for those who can get results.

Cons

The only cons I encounter, are the negative posts by some people who are leaving factless reviews, I know some good people have missed a great opportunity because of some of the factless information. Bankers Life and all insurance companies are regulated by the Department of insurance in each state, this includes all Training and Materials, Products and Materials, Recruiting and materials. All sales are scrutinized for compliance and suitability so we are not "Ripping Off Elderly" as some people try and portray.

2.0
Feb 24, 2015
Recommend
CEO approval
Business Outlook

Pros

The managers are always available. The training goes beyond any other private company I have seen. If you can survive 545 days with minimum pay at long intervals, then I have been told this is a great place to work. They do not force you to come in during blizzards.

Cons

*You are commissioned based from the start. This includes the 1 week of training you are forced to take with no opportunity to make a commission. *You book all of your own appointments with no assistance from veteran agents. *Veteran agents go with you on the appointments and you split your commission with him / her. That person then gains the person you spent hours to make a sale with as a client. *Much of your work is to feed the veteran agents. *Unless you have an existing customer base, or a strong presence in the community, you will go hungry, you will go on welfare, and you will wonder why you're working 40+ hours and are on welfare. *If you don't succeed in 90 days, they treat it as though it is all your fault for not being 'out there more.' *You have to be a machine and put any consideration for your elders aside in order to book appointments.

1.0
Jul 1, 2023
Recommend
CEO approval
Business Outlook

Pros

Easy to get your license and they teach you some of the information you will need to know.

Cons

They give the real legitimate leads to a few select people to show you what you could make. It's a boys club, so don't consider if you're a woman. Even as a man, you won't get the real leads. They give you leads that have been worked over and over. They expect you to sell to all of your friends and family. You will make a few small sales if you work really hard. In a few months I had a net operating loss of over $3,000 due to the miles I put on my car. I made a strong impact on the clients that I sold policies too. So I found out that once you leave the company, they wait a few months and they go to your clients and try to sell them a better policy that they never give you access to! Again, using those same top sellers. Then they try to make you pay them back what they paid you in commissions. Dirty, dirty!

Viewing 55 - 57 of 2,250 Reviews

Glassdoor has 2,804 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.