Does Colonial Penn Life Insurance pay their employees well?

According to anonymously submitted Glassdoor reviews, Colonial Penn Life Insurance employees rate their compensation and benefits as 2.7 out of 5. Find out more about salaries and benefits at Colonial Penn Life Insurance. This rating has decreased by 1% over the last 12 months.

How satisfied are employees working at Colonial Penn Life Insurance?

26% of Colonial Penn Life Insurance employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Colonial Penn Life Insurance 2.7 out of 5 for work life balance, 2.8 for culture and values and 2.5 for career opportunities.

What are the top reviewed jobs at Colonial Penn Life Insurance?

Customer Service Representative (9) , TELESALES Representative (9) , Sales Representative (7) , Telesales Agent (7) , Life Insurance Agent (5) , Insurance Agent (4) , Sales Associate (3) , Telesales (3) , Insurance Sales Agent (2) , Insurance Sales Representative (2) , Sales (2)

What are the pros of working at Colonial Penn Life Insurance according to real employee reviews?

"Great company...family atmosphere..no micro managing....you can work from home after 1 year...great bonus structure...friendly environment....let me repeat no micro managing!!!" ((in 8 reviews)); "When they give bonus they are pretty good" ((in 6 reviews)); "The training is amazing." ((in 6 reviews)); "Great people to work with." ((in 6 reviews)); "Benefits are great." ((in 6 reviews))

What are the cons of working at Colonial Penn Life Insurance according to real employee reviews?

"sales pays the bills but gets a very low commission/sales ratio with a very low base managers keep people in their place instead of listening and fighting for better compensation" ((in 5 reviews)); "Management Team is unaware that Supervisors are lazy, imcompentent and do not implement work with subordinates" ((in 4 reviews))

What are the top reviewed Colonial Penn Life Insurance locations?

Philadelphia , Carmel , Phila , Indianapolis , Greenville , Hesperia , Wichita , Bala Cynwyd , Pittsburgh , Reading , Philadelphia Main Post Office

Colonial Penn Life Insurance reviews

2.5

26% would recommend to a friend

(104 total reviews)

Scott Goldberg

61% approve of CEO

28% positive business outlook

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Colonial Penn Life Insurance has an employee rating of 2.5 out of 5 stars, based on 104 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Colonial Penn Life Insurance employee rating is 31% below average for employers within the Insurance industry (3.6 stars).

Reviews by job title

104 reviews

1.0

Oct 25, 2017

Overworked, misused, and underpaid

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Helping people that needed life insurance. Genuinely caring about my customers and sending out policies that met thier needs unlike shoving overpriced policies down thier throat.

Cons

Being misused and recieving very little compensation for making this company tons of money. I was a top performer left high and dry by this company. We lost our jobs even though we were outperforming the PA site. They care about the bottom line only. They are never satisfied and prey on the sick and elderly.

2.0

Sep 5, 2017

Former Telesales Agent

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Great benefits, 401k, health, life, & dental. Great bonuses when you make your goals. Great workshops on maintaining your health. Great people, and a nice work environment.

Cons

VERY STRESSFUL JOB. Great place to gain experience but not to stay! I recently started with FFL and & closed more in a day than I did working at Colonial Penn in one week. The agents are SLAVES making this company a ton of money!!!!

1.0

Aug 28, 2017

sales

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

good pay. very nice people and benifits

Cons

management sucks. expectations too high. very very very stressful

Viewing 55 - 57 of 104 Reviews

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