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 5, 2014

Practically a scam for a job

Recommend
CEO approval
Business Outlook

Pros

honestly there were no pros that i could name. they were not up front about anything. and they offer everyone a job on the spot.

Cons

you will never make any money do this job. they lie to you about how much money you will actually make. then make you pay more money out of pocket the day of the interview.

1.0
Jan 26, 2013

Former Agent....Tinton Falls N.J.

Recommend
CEO approval
Business Outlook

Pros

Very good training....I learned alot Medicare. Alot of online training courses as well as weekly classes in office.

Cons

Very long hours, you are to be in the office 2 days a week at 8:00am till sometimes 7pm or later and they ask you to come in on Saturdays al least 3 times a month.. Cold calling, the leads that you pay for are recycled leads and most of them say they diddent request any information. Managers have signs on there doors that say, if your not booked not to bother them and on the doors tghere are signs saying, see your manager before you leave if your not booked. They tell you just get in the door, you will find a need, sale. They favor managers and top producers with quality leads,they get them first. When I saw how bad the leads were and the fact that you are paying for your leads, I asked if I could purchase leads from a lead company and I was told they would termenate my contract if I did. I thoughjt I was 1099 employee, self employed and I could not invest my own money to my buisness. Once you make your sna, you are on your own. They hire anyone somtimes 10 new agents a month. Your expected to knock on peoples doors to get buisness, but most of the time they tell you off or dont answer the door. When you do get a appointment %50 of the time you get porched, so they tell you to double book even more so if you think there is no money there. Basiclly your saying anything to get in the door. Just get in the door, call the people who are home is wehat your told to do. Oh, andf have at least 1 years salery saved up your going to need it. Because there is so much compition and so many agent and most of all horrible leads, I'm sorry I wasted 9 months with no money, no support.

1.0
Apr 6, 2012
Recommend
CEO approval
Business Outlook

Pros

1. If you are established and been there for a while you have the possibility to make good money. 2. They have wonderful products that really help people.

Cons

1. You need to have at least 3 or 4 months worth of money to live off of while you are getting started. 2. Be prepared to work 70 hours a week for your first month and not make a dime. 3. They take the first $100 and office fees from your first commission payment if you are lucky to get one. 4. Most of the employees are cut throat.

Viewing 88 - 90 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.