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
1.0
Oct 22, 2016

Ponzi Scheme

Recommend
CEO approval
Business Outlook

Pros

Some of the people you meet in the field are nice.

Cons

Take a look around and ask why is nearly everyone here new? All the products are way more expensive than the competition. Your leads are the scraps and left overs of Colonial Penn after 90 days when someone contacts that company for a quote. I promise you, because it happened to everyone one in my office and the neighboring one, you will drive thousands of miles and spend hundereds on gas for people who won't even be home for your appointment. Think about it, you work there for a few months and sell a few policies but have to leave because you are broke, but guess who retains the clients and renewals and monthly premiums...they have nothing to lose at all, only you do. Multiply this by thousands of agents that come and go and there you have it a good old fashioned scam.

5.0
Aug 13, 2016
Recommend
CEO approval
Business Outlook

Pros

There are many pros to working for Bankers Life. 1) I am my own boss. My schedule is my schedule. No one is over me, watching everything I am doing, and controlling my time. 2) Nashville Branch is one of the best branches in the entire company. If you were comparing Nashville to another branch - you would pick Nashville because of our success. We have some of the best agents, trainers, Financial Advisors, and managers in the entire company 3) Promote Quickly. I received my first promotion within my first year. And am in line for a couple more, before my second year is finished. 4) Unlimited earning potential. Not many opportunities will allow you to make a MULTIPLE six figure income. Have I done it yet, 18mths into my career? No. But I trust those leaders around me, that it's possible. And I am expecting to make six figures in my 3rd year with the company. Multiple six figures by my 5th. I just keep following the systems that are in place. 5) The people around me, genuinely care about me. I know I could rely on anyone to help me out, if I was in need. Not just with work related events, but outside work related events.

Cons

I can't say there is a downside. Sure working on commission in the beginning is not easy. But the longer you're in the business, the easier it gets. There is a lot of work required in the beginning. Not just from a work perspective but from a learning perspective. There is a lot to learn about insurance and sales. If you can afford time in the business, then you'll be successful. You make a lot of phone calls in the beginning. No one likes to do it. But the more referrals you get, the less calls you have to make in the future. You knock a lot of doors, but this also decreases over time, as people in the neighborhood get to know you. You get a lot of No's. But that's sales - Every business has people say "No" to it (buy not buying the products they offer) But you become better at identifying needs, and closing sales. If you end up leaving the business cause you couldn't make enough money to stick around, you will have at least learned a lot about how to prepare for your own future retirement. Like I said, not really a downside. It's just hard work, and not everyone is cut out for it.

1.0
Jun 28, 2016
Recommend
CEO approval
Business Outlook

Pros

The trainer's were nice. Free coffee.

Cons

Everything else. Pay schedule was confusing and constantly changing. Lead system is the worst in the industry. Ready to cold call 400 numbers a day to have 15 people answer? When the lead system doesn't work out for you, management says you aren't trying. When you first start, you will be happy and enthusiastic. Three months in, and you wish you could set the building on fire. I made more money working minimum wage in two months than I made working here for five.

Viewing 79 - 81 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.