Bankers Life reviews

The biggest challenge for me was there is no base salary with this company. Everything you earn comes off of commission. I didn't realize until after taking the job, how much of my own money was going to be required to get the ball rolling. Also gas and mileage all come out of your own pocket. It really drained a lot of my savings to get going with the company. Also with it only being commission, if you don't make any sales for two weeks, you can't pay your bills. Also the only clientele that they work with is senior citizens, who rarely will change their mind on who is gonna handle their retirement.

They tell you that you'll go out on appointments with veteran agents so you can start earning right away. Perhaps. The catch is that YOU have to book the appointments, and any commission earned will be split 50-50 with the field trainer. But what they don't tell you is that the field trainer makes an additional 40% as an incentive for taking out new agents. The leads are abysmal. They are re-recycled, and you will NEVER get leads on an exclusive basis; they all are shared. Yet you are charged for them. You also are charged for office supplies, use of a cubicle, and the telephone. And, speaking of phones, be prepared to make hundreds of calls each week along with knocking on doors, The commission structure (BTW, it's 100% commission, with no benefits) is impenetrable, and no one can accurately predict what they will make on a given sale and when they will be paid in full. The products are a bit over-priced, and sales are very hard to come by. As a result, of the 17 people in my training class, only 1 of us was still there after one year. My sales manager berated me and accused me of not being totally committed to Bankers and selling their products because I had to take a part-time job evenings and weekends just to have some steady cash flowing IN instead of it all flowing OUT.