No "opportunity," just turn-and-burn. - Anonymous employee Bankers Life Employee Review

1.0
Jul 6, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Potential to be able to pay your bills maybe five years down the road. Maybe.

Cons

Here's how Bankers operates: They hire anyone who can fog up a mirror, then they give you the worst leads in the history of the world and encourage you to use bait-and-switches to sell mediocre products. Maybe you get lucky and sell a couple, but you'll make maybe $250 because the commission structure is abysmal. Eventually, you get burned out, you go broke, and you quit. They berate you and harass you for "not working hard enough" or "not taking advantages of this opportunity." Then your client list is given to one of the guys who's been working there longer than you - the "veteran agents," and they up-sell your clients and that's how they make their money without doing any prospecting. One agent in this office makes $250k+ a year. Three more make $80k+ a year. EVERYONE ELSE in the office is literally starving - food stamps, welfare, etc, but they hang in there because they want the "opportunity" and they think they're not working hard enough. Look, these people work plenty hard. But it's a scam. Don't buy it.

Explore other reviews about Bankers Life

5.0
May 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Friendly staff and good atmosphere

Cons

I don’t have any cons.

5.0
Apr 26, 2016
Recommend
CEO approval
Business Outlook

Pros

Bankers provides award winning training, an elaborate product portfolio and a rapidly growing market. They leverage cutting edge technology: contact and LEAD management, electronic business submission, an incredible proprietary mobile application. I have 11 companies I can be appointed with - making sure my clients get the best program for what they NEED. A great opportunity to receive great training, work with great people and make a great living, all for helping people.

Cons

This opportunity is just that, an opportunity. Those who don't take advantage of it won't think it is a good one. Even successful people deal with a ton of rejection, thick skin is needed. With a 40% closing ratio, I still hear "No" more than "Yes".

279
See reviews by: Helpful|Rating|Date|All