Bankers Life Employee Reviews about "100 commission"

Updated Jan 1, 2021

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Found 90 of over 1,965 reviews

3.7
66%
Recommend to a Friend
89%
Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
735 Ratings
Pros
  • "They have a great training on line(in 102 reviews)

  • "Amazing training program, awarded "Top 25 Training"(in 72 reviews)

  • Cons
  • "I found a company that offers 100% commission(in 90 reviews)

  • "Leads are trash and you seat in your small cube making cold calls all day for FREE(in 81 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "100 commission"

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    1. 5.0
      Current Employee, more than 1 year

      Agent

      Jan 1, 2021 - Sales Agent in Concord, NH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible Schedules. You work for yourself. Great group of people

      Cons

      This job is 100% commission bass pay

      Be the first to find this review helpful
    2. 4.0
      Current Employee, less than 1 year

      Great atmosphere and support

      Dec 14, 2020 - Insurance Agent in Spring, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The trainers are there for you and the environment is professional yet laid back. The trainers do not condone any unethical and/or immoral practices. Everyone gets along and helps one another.

      Cons

      It is 100% commission, as with almost all sales jobs which is the reason for the lesser stars.

      1 person found this review helpful
    3. 4.0
      Current Employee, less than 1 year

      Great place to learn.

      Nov 3, 2020 - Insurance Agent in Owings Mills, MD
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Amazing training and lots of great leaders who work to help you grow into a more successful agent. You will have to put in a lot of work if you want to be successful with this company.

      Cons

      100% commission based with bonus scale and lots of cold calling.

      2 people found this review helpful
    4. 4.0
      Former Employee, less than 1 year

      Good People

      Apr 6, 2020 - Insurance Agent in Aurora, CO
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I worked for Bankers Life in Aurora and had a good experience. The people you work with are awesome. Their training is better than decent-they pair you up with an agent and that agent is their to walk you through everything for however long you need them. -You dont pay for your leads, but at the same time I'd rather pay for leads that are warm than call random people. Thats just my preference.

      Cons

      -Compensation for Life Insurance was low. I didn't know this at first, but their comp for life insurance was less than 50%. I found a company that offers 100% commission. -Cold calling sucks. I could never get used to it. If they tell you the leads are warm, that's not true. All your leads are cold unless you get referrals. -It sucks for starting agents because it takes a while to get traction and be successful. You have to learn about a lot of products (including medicare).

      Continue reading
      9 people found this review helpful
    5. 3.0
      Former Employee

      Fun environment, very hard to get started

      Apr 3, 2020 - Insurance Agent 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Family Environment Entrepreneurial Atmosphere

      Cons

      100% Commission Career Micro-Management Cold Calling and Door knocking

      Continue reading
      3 people found this review helpful
    6. 1.0
      Former Employee, more than 1 year

      Bankers Life is a job that focuses on hiring new employees, attempting to get new clients before the agent quits.

      Apr 11, 2020 - Insurance Sales Representative in Omaha, NE
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Close Relationships Make your own hours Allowed to travel

      Cons

      Tell you you're self employed so the business pays less taxes but still treat you as an employee that isn't an independent contractor Bring in new agents hoping to get their family then provide very little support after that initial success is over 100% commission so from the time you start studying to for the exam to the time you make your first sale there is no payment. (Up to 4 months from my experience) Very little training, push strongly to work in pairs, which for a new agent means only 50% commission even if you're the one busting your butt getting appointments. Technology is very outdated, rely on cold calling for the majority of their business, no shift to more modern marketing. Must supply your own technology which isn't possible for everyone, with no other options for support. Say if you put in the hours you'll succeed providing false hope for many without the initial support that would make it possible to get off the ground.

      6 people found this review helpful
    7. 1.0
      Former Contractor, more than 1 year

      Entry Level Insurance Agent

      Apr 10, 2020 - Insurance Agent in Spring Hill, FL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Training is ongoing, some repetitive, but that can be a good thing as insurance in general is intense material. Flexibility, to a very limited extent, of your schedule. Potential to make good money, not great money.

      Cons

      Door knocking and using your financial resources to prospect for clients. The USM is not a purple person so he talks in an extremely demeaning manner, not motivational or inspiring. 100% commission, 1099 employee. If you are not financially stable, don't take this on. Renewals are always messed up and inaccurate. If you track your business very thoroughly like me, you will be disappointed in the lack accuracy. Should have flexibility with day to day schedule as you are 1099, but you are required to go in to the office two full days during the week and half day on Saturday. If you don't, you are considered lazy and useless. When you leave you have to seek outside counsel on using your license somewhere else. Management does not offer assistance or at the minimum discuss next steps. Read your contract thoroughly. You would be better off elsewhere if you are experienced so that you are not held captive. Management track is a joke, unless you like babysitting adults.

      Continue reading
      3 people found this review helpful
    8. 1.0
      Former Employee, less than 1 year

      You might want to pass on this opportunity.

      Feb 16, 2020 - Insurance Sales Representative in Baton Rouge, LA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible schedule and nice office

      Cons

      100% Commission They expect you to "Door Knock" every Saturday. Statewide Travel Expected (at your expense, of course). Field Trainer wants a percentage of your commissions.

      Continue reading
      5 people found this review helpful
    9. 2.0
      Former Contractor

      If you need money to survive and pay bills for your first year, don't work here

      Nov 17, 2019 - Insurance Sales Agent in Farmington, CT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      the training is great. the team atmosphere is good

      Cons

      100% commission based. you start from zero and don't make a lot of money the first year...if any. and they mislead you about what kind of money to expect

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

      Follow the Golden Carrot

      Oct 10, 2019 - Sales 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Their training was thorough and I learned a lot.

      Cons

      The money was never what was promised. At 100% commission, it was no where near a livable wage.

      7 people found this review helpful
    Viewing 1 - 10 of 90 Reviews

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