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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
5.0
Feb 4, 2014
Recommend
CEO approval
Business Outlook

Pros

There is no Cold Calling. The prospects are interested in purchasing insurance. Excellent incentive program, outstanding merit increases and excellent benefits

Cons

I am a Virtual Agent, and I am 100% satisfied with my position.

3.0
May 5, 2013
Recommend
CEO approval
Business Outlook

Pros

Easily accessible by public transit, small business atmosphere, free coffee. New CEO is great and is cleaning up Management so things may be getting better in the near future. Co-workers are very kind and helpful. Company pays for and gives support for employee licensing which is rare in insurance business.

Cons

Pay not great, health insurance benefit plan is awful and the employee contribution is extremely high , mandatory Saturdays, sales bonuses are quarterly and very small. Facilities and technology need updating. Not much diversity in sales force.

2.0
Mar 16, 2013

Take your skills someplace else!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

convenient downtown location. some management are actually concerned about the employees. incentive packages are pretty ok. Salary pretty good.

Cons

Alot of the employees are simply there because of the salary. There are not many people that enjoy the job or the environment. Most supervisors lack intelligence, professionalism and management skills. I was an employee of colonial penn dating back to the 90's, at that time Colonial Penn was an awesome company to work for. Through the years with changes in HR and the company as a whole it has steadily gone down hill. The caliber and professionalism of employees have declined along with choices made for supervisory positions have been a disgrace. The call center portion of the company is very high schoolish and is full of gossip, relationships and buffoonery . This behavior is not only within the representatives but also management. Goals that are required are outlandish! I personally know people that lost there job simply because they have stated their opinions or their supervisor has a personal vendetta with them. HR rep has close personal relationships with supervisors and allow them to make these decisions. They constantly fire employees because of their lack of achieving goals but the real problem is the management staff. If they had supervisors that actually had management skills they would definitely have a better group of employees! Do not apply for customer service position. It is really a sales position. Customer service is not as important as the sale that they want you to make at the end of the call. customer service representatives are the heart of that company and they do not get the recognition they deserve and are extremely overworked. CSR are always given more descriptions to their job but still want them to achieve sales goals RIDICULOUS!

Viewing 85 - 87 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.