Bankers Life Reviews

Pros

No one determines how much I'm worth or how much my time it worth. I earn what I put into the career. By far the most rewarding career I've ever been in and it keep getting better every year. The bonuses during the 1st year of the career are great while one get momentum, and the fact that bonuses are ongoing all year long, makes it even a better incentive to work hard.

Cons

Not sure if this is a "con". The fact that we are in commission only instead of salary or hourly pay makes it possible for us to get paid our full commissions! I've seen hourly wages in other companies, and it's a shame someone made $100 a day in hourly wages when they could have made hundreds more with the same effort and production if they were in commissions. If anyone is looking for a job where you can just milk the clock and get paid, this is not it. But if you're looking for a vocation or career that pays you what you're worth? This is it.

Pros

You'll learn to be a sales person.

Cons

You will only be a sells person. They have over priced products. You will not be an actual insurance agent. Once you leave because of their immoral tactics, they will stick you with charge backs. Also the "senior agent" gets half your commission and will probably not put you on theirs. Horrible place to work. They are con men. I am still in the insurance business and thriving with another company after leaving Bankers. I wouldn't recommend working or buying anything from them.

Pros

The only real pro’s are the bonuses and initial payout structure (keep in mind it is 100% commission and you are only a contract worker for the company - no benefits!) It makes you feel like you’re going to be making 100k+ immediately! This is how they convince you it’s a great job (at first). But once those bonuses run out (around 4-6 months later), reality hits and the 100k+ starts to seem more like 35-40k (if you’re lucky). They will show you the bonuses at the interview and literally sell you on living the dream (make mega money and have all the freedom to run your own business and have the occasional Friday on the golf course), but if you do take the occasional day off or aren’t working late into the evening and aren’t making sales they begin to treat you differently. The initial training is good, but after that it’s basically just watching videos online for the “training.” I will say they’re good at hiring amazing people because you will get to work with some great people while at bankers life.

Cons

Leadership at the branch level is more often than not a collection of egotistical males who are great at “selling the dream” of becoming a top agent, but once you’re not producing they treat you like you’re nothing and try to force you into quitting or leaving. This is not the experience I had, but rather what I witnessed happening to other agents. And when someone leaves on their own, without being forced out, they shun you and treat you like you’re a neophyte. It’s one thing to be passionate about the company you work for, but it’s another to treat someone like they’re nothing because they chose to leave. I experienced this several times because the turnover rate is so high. I could go on and on about this, but I don’t want to make it sound like I am bashing the company I work for.

Pros

Earning Potential, Meeting new People

Cons

Poor Management, Micro Management for 1099 position, Unhealthy work environment