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
1.0
Nov 21, 2019
Recommend
CEO approval
Business Outlook

Pros

You can make your own schedule...kind of

Cons

You’re expected to work 12 hours days, 6 days a week. They prey on young people who don’t know any better and lure you in with promises of unlimited earning potential and vacations you can win. In reality, you make cold calls all day or drive around knocking on people’s doors and hope to sell a medicare supplement or life insurance. When you do sell something, you have to share commissions with your manager. You basically work for free.

1.0
Nov 4, 2019
Recommend
CEO approval
Business Outlook

Pros

if you can stick it out, play the game and fool some people you can make some decent money for a year or so but the longevity of this job is not good. The art of selling insurance and setting up appointments over the phone is not what it once was.

Cons

-1099 employee -"win" "free" trips that you pay taxes on -no benefits to insurance sales agents -If you are "management" you get benefits but they are not great -Very cult like vibe and definitely a "good ol boys" club -Disrespectful to women in the office and in general -Deceptive and questionable sales tips/tactics -Most of the staff have an alcohol dependency problem and think drinking is a good way to build team morale -No one ever has answers, all the upper management or people you would think could answer a simple questions on process or procedure never know anything and always push you off to someone else. -95% of the people that work there are barely making ends meet, living paycheck to paycheck in an apartment with a vehicle on its last leg and are too dumb to realize the true cost of "running your own business" Don't be fooled, the guys at the top need the guys at the bottom to keep a constant stream of prospective clients coming in to go see and try and sell product too. Most of the time you as the new person will set up the appointments meanwhile your trainer or mentor sets up follow ups or people they've seen a handful of times already with no opportunity AVOID AT ALL COSTS!!!

1.0
Nov 2, 2018

People be aware please zero stars

Recommend
CEO approval
Business Outlook

Pros

Easy schedule. That’s about it.

Cons

Where to start. They tell you in the meeting you can make 65 grand and year just book 15 appointments or more if you need to make extra. I averaged $325 a month for my first 8 months and that was because I signed up family. If you don’t have family be prepared to be broke for awhile. Management doesn’t care the leads are awful and recycled which they take out $250 a month and they hold 10% of all earning for the first two years. You HAVE to make at least 3 grand in first three months (90%) in my office failed. You have to pay for your training, pay for your leads and they give you nothing back. Lots of nepotism and bosses make money off your sales. This is a total RACKET.

Viewing 22 - 24 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.