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Colonial Penn Life Insurance

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Colonial Penn Life Insurance reviews

2.5

26% would recommend to a friend

(104 total reviews)
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Scott Goldberg

61% approve of CEO

28% positive business outlook

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
Jul 10, 2016
Recommend
CEO approval
Business Outlook

Pros

Office is clean, coworkers keep you motivated.

Cons

-High turnover rate -Commission structure designed so most employees only get hourly pay -Micromanagement to the utmost degree (One of my coworkers was told he couldn't go to the bathroom until his scheduled break which was 3 hours into the shift). -Little to no work/life balance. -No upward mobility, if you are hired in sales, you will stay in sales. -CEO has no idea of what is going on within entry level departments. -Company requires you to offer a high monthly premium even if it doesn't suit one's affordability/exploit's elderly customers mental state by forcing expensive policies down their throat. HIGHLY ILLEGAL CONSIDERING YOUR DUE DILIGENCE AS A STATE RECOGNIZED LIFE INSURANCE AGENT *COUGH* *COUGH* PA INSURANCE COMMISSIONER !!!!

2.0
May 3, 2016

Col Penn

Recommend
CEO approval
Business Outlook

Pros

Good benefits, easy, monthly incentives

Cons

Micromanagement, repetitive, extensive use of key performance indicators. Not much room to advance if in Philly office.

Viewing 70 - 72 of 104 Reviews

Glassdoor has 106 Colonial Penn Life Insurance reviews submitted anonymously by Colonial Penn Life Insurance employees. Read employee reviews and ratings on Glassdoor to decide if Colonial Penn Life Insurance is right for you.