Bankers Conseco Reviews

Updated 14 Apr 2021

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2.9
40%
Recommend to a Friend
52%
Approve of CEO
Bankers Conseco President Scott L. Goldberg
Scott L. Goldberg
4 Ratings
  1. 5.0
    Current Employee

    Work environment

    14 Apr 2021 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    amazing team with great leadership

    Cons

    strictly commission-based makes it difficult

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  2. 5.0
    Current Employee, more than 1 year

    Buffalo Branch Office

    16 Mar 2021 - UFT/Agent in Buffalo, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Comprehensive training, great culture, necessary support

    Cons

    Covid has made this mostly virtual, tough to grasp at first

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  3. 4.0
    Former Employee, more than 5 years

    Business analyst

    19 Aug 2019 - Business Analyst 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great culture and some opportunity for advancement

    Cons

    Low pay and management promoted only certain people

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  4. 1.0
    Former Employee, less than 1 year

    Not recommending for work

    18 Aug 2019 - Insurance Agent in Brooklyn, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    No pros at all, very low developed conditions for yemployees

    Cons

    Stressful environment created by leadership, low benefits, promise 40 k in the first year, however in reality it is 25 maximum , no 401k, nothing free, the company does not provide any benefits for personnel

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  5. 4.0
    Former Employee, more than 1 year

    Great

    23 Feb 2019 - Compliance Analyst in Carmel, IN
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great hours, great pay , great benefits

    Cons

    Traffic is hard to get out of work due to location

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  6. 2.0
    Current Employee

    Move slow because you move too fast. You have got to make the morning last.

    5 Nov 2009 - Contract Sales Agent in Williamsville, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The agency allows time for individuals to get their job done however they feel best. If a person excels, there are opportunities to go up the career ranks quickly. Someone can be a team leader in 3 months.

    Cons

    Training and development during my time of employment was scattered and sparse. At the end of training, I was incompetent. In comparison to other companies in the industry, their training methods are forgiving, but there is a reason why. The capacity for an individual to enter the job with their best interests in hand is also sacrificed. The coordination between getting the license, trained, and into the field can easily leave an agent without an income for 2 months and much of the costs are handled as an independent contractor. There is little to no support. I felt during my time there that I had been given little opportunity to ask questions and understand the job completely.

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  7. 4.0
    Current Employee

    Bankers provides the opportunity, you bring the driving force.

    11 Sep 2015 - Career Agent in Evansville, IN
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Bankers provides the opportunity, you bring the driving force. Incredible financial opportunity and numerous ways to access provided leads; rather than calling all your family, friends, and acquaintances. Training is outstanding and teamwork is strong. Management available as the company continues to grow rapidly.

    Cons

    You have to be disciplined; after all you are self-employed, earning straight commission less expenses. It is a good idea to have some savings available, as some agents have a slower start.

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  8. 3.0
    Current Employee

    All commission, tough start

    25 Apr 2012 - Sales Agent 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The company offers flexible training for people new to the industry. Get licensed as fast as you can work or longer if that's what you need. Flexible schedule.

    Cons

    Salary is completely commission based. Tough industry to start unless you have a lot of contacts that you can sell to. Leads promised are not too warm. Branch is small, but no one seems to be "killing it"

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    2 people found this review helpful
  9. 1.0
    Former Employee

    Cold calling most days to set up appointments to meet and sell insurance to elderly people who can ill afford it.

    17 Dec 2014 - Sales Person in East Fishkill, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Reasonably good training, although you have to pay for most of the initial training yourself(apparently the company reimburses you for these costs once you reach a certain sales goal.....)weekly free training continues once in the office.

    Cons

    Lots of pressure to make numerous cold calls using overused leads. Main thrust of business is hard selling to the elderly in our community......arranging appointments on the pretext of giving them 'free advice' on Medicare whilst really trying to assess them for suitability for various insurance products ranging from small term life policies to Medicare cost supplement policies. Also attempting to identify financial assets in their possession in order to attempt to move them over into a comparable Bankers vehicle. Most leads you call have been called numerous times by other bankers people!!

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    2 people found this review helpful
  10. 1.0
    Former Employee, less than 1 year

    Sleazy Operators in an Unheard Of Small Time Company

    8 Jan 2013 - Sales Agent in Islandia, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Purport to offer unlimited commission-based opportunities. Laughable once you work there.

    Cons

    All costs are borne by the sales force. You are therefore disposable. Two part office culture - the over vs under 90 day staffs. One year retention rate (did my own informal count with numbers from the office's stats sheets) is about 8-10%. ALERT: will re-issue new replacement policies to every, that's right, every policy holder you sold to immediately after you leave. Underhanded business tactic! That results in large parts of your commissions (your only income) being charged back. If you don't accept their strong arm recovery, threaten legal action via bottom-feeding collections firm Caine and Weiner of Schaumberg Ill.

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    4 people found this review helpful
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