Bankers Life Reviews | Glassdoor.com.au
Bankers Life Reviews
Companies
  • Jobs
  • Companies
  • Salaries
  • Interviews

    Bankers Life Reviews

    Updated 15 Aug 2019

    Clear All
    Full-time, Part-time
    • Administrative
    • Arts & Design
    • Business
    • Consulting
    • Customer Services & Support
    • Education
    • Engineering
    • Finance & Accounting
    • Healthcare
    • Human Resources
    • Information Technology
    • Legal
    • Marketing
    • Media & Communications
    • Military & Protective Services
    • Operations
    • Other
    • Product & Project Management
    • Research & Science
    • Retail & Food Services
    • Sales
    • Skilled Labor & Manufacturing
    • Transportation
    • Worldwide
    • United States - All Cities
    • - Illinois
    • - Chicago, IL, US Area
    • - Davenport, IA, US Area
    • - Peoria, IL, US Area
    • - Rockford, IL, US Area
    • - St. Louis, MO, US Area
    • - Alabama
    • - Birmingham, AL, US Area
    • - Dothan, AL, US Area
    • - Mobile, AL, US Area
    • - Montgomery, AL, US Area
    • - Arizona
    • - Phoenix, AZ, US Area
    • - Tucson, AZ, US Area
    • - Arkansas
    • - Fayetteville, AR, US Area
    • - Little Rock, AR, US Area
    • - California
    • - Bakersfield, CA, US Area
    • - Fresno, CA, US Area
    • - Los Angeles, CA, US Area
    • - Modesto, CA, US Area
    • - Napa, CA, US Area
    • - Redding, CA, US Area
    • - Sacramento, CA, US Area
    • - San Diego, CA, US Area
    • - San Francisco, CA, US Area
    • - San Jose, CA, US Area
    • - Santa Barbara, CA, US Area
    • - Stockton, CA, US Area
    • - Rancho Bernardo, CA
    • - Rancho San Diego, CA
    • - Colorado
    • - Colorado Springs, CO, US Area
    • - Denver, CO, US Area
    • - Fort Collins, CO, US Area
    • - Connecticut
    • - Bridgeport, CT, US Area
    • - Hartford, CT, US Area
    • - New Haven, CT, US Area
    • - Norwich, CT, US Area
    • - Delaware
    • - Dover, DE, US Area
    • - Philadelphia, PA, US Area
    • - District of Columbia
    • - Washington, DC , US Area
    • - Florida
    • - Cape Coral, FL, US Area
    • - Daytona Beach, FL, US Area
    • - Gainesville, FL, US Area
    • - Jacksonville, FL, US Area
    • - Miami-Fort Lauderdale, FL, US Area
    • - Ocala, FL, US Area
    • - Orlando, FL, US Area
    • - Sarasota, FL, US Area
    • - Tallahassee, FL, US Area
    • - Tampa, FL, US Area
    • - Central City, FL
    • - Melbourne, FL
    • - Georgia
    • - Atlanta, GA, US Area
    • - Augusta, GA, US Area
    • - Columbus, GA, US Area
    • - Savannah, GA, US Area
    • - Hawaii
    • - Hawaiian Islands, US Area
    • - Hilo, HI
    • - Idaho
    • - Boise, ID, US Area
    • - Indiana
    • - Chicago, IL, US Area
    • - Bloomington, IN, US Area
    • - Evansville, IN, US Area
    • - Fort Wayne, IN, US Area
    • - Indianapolis, IN, US Area
    • - Lafayette, IN, US Area
    • - Michigan City, IN, US Area
    • - Muncie, IN, US Area
    • - South Bend, IN, US Area
    • - Warsaw, IN, US Area
    • - Iowa
    • - Des Moines, IA, US Area
    • - Mason City, IA, US Area
    • - Oelwein, IA
    • - Kansas
    • - Kansas City, MO, US Area
    • - Manhattan, KS, US Area
    • - Topeka, KS, US Area
    • - Wichita, KS, US Area
    • - Kentucky
    • - Bowling Green, KY, US Area
    • - Cincinnati, OH, US Area
    • - Lexington, KY, US Area
    • - Louisville, KY, US Area
    • - Owensboro, KY, US Area
    • - Paducah, KY, US Area
    • - Lexington-Fayette, KY
    • - Northern, KY
    • - Louisiana
    • - Baton Rouge, LA, US Area
    • - Maine
    • - Bangor, ME, US Area
    • - Portland, ME, US Area
    • - Maryland
    • - Baltimore, MD, US Area
    • - Hagerstown, MD, US Area
    • - Washington, DC , US Area
    • - Massachusetts
    • - Boston, MA, US Area
    • - Springfield, MA, US Area
    • - Michigan
    • - Ann Arbor, MI, US Area
    • - Cadillac, MI, US Area
    • - Detroit, MI, US Area
    • - Flint, MI, US Area
    • - Grand Rapids, MI, US Area
    • - Iron Mountain, MI, US Area
    • - Kalamazoo, MI, US Area
    • - Lansing, MI, US Area
    • - Mount Pleasant, MI, US Area
    • - Saginaw, MI, US Area
    • - Traverse City, MI, US Area
    • - Cheboygan, MI
    • - Minnesota
    • - Duluth, MN, US Area
    • - Mankato, MN, US Area
    • - Minneapolis-St. Paul, MN, US Area
    • - St. Cloud, MN, US Area
    • - Mississippi
    • - Jackson, MS, US Area
    • - Tupelo, MS, US Area
    • - Missouri
    • - Cape Girardeau, MO, US Area
    • - Columbia, MO, US Area
    • - Kansas City, MO, US Area
    • - Springfield, MO, US Area
    • - St. Joseph, MO, US Area
    • - St. Louis, MO, US Area
    • - Montana
    • - Billings, MT, US Area
    • - Missoula, MT, US Area
    • - Nebraska
    • - North Platte, NE, US Area
    • - Omaha, NE, US Area
    • - Nevada
    • - Las Vegas, NV, US Area
    • - New Hampshire
    • - Concord, NH, US Area
    • - New Jersey
    • - Atlantic City, NJ, US Area
    • - New York City, NY, US Area
    • - Trenton, NJ, US Area
    • - New Mexico
    • - Albuquerque, NM, US Area
    • - New York State
    • - Albany, NY, US Area
    • - New York City, NY, US Area
    • - Rochester, NY, US Area
    • - Syracuse, NY, US Area
    • - North Carolina
    • - Asheville, NC, US Area
    • - Charlotte, NC, US Area
    • - Fayetteville, NC, US Area
    • - Greensboro, NC, US Area
    • - Greenville, NC, US Area
    • - Raleigh-Durham, NC, US Area
    • - Wilmington, NC, US Area
    • - Wilson, NC, US Area
    • - Ohio
    • - Akron, OH, US Area
    • - Cincinnati, OH, US Area
    • - Cleveland, OH, US Area
    • - Columbus, OH, US Area
    • - Dayton, OH, US Area
    • - Toledo, OH, US Area
    • - Oklahoma
    • - Oklahoma City, OK, US Area
    • - Tulsa, OK, US Area
    • - Oregon
    • - Eugene, OR, US Area
    • - Medford, OR, US Area
    • - Portland, OR, US Area
    • - Pennsylvania
    • - Akron, OH, US Area
    • - Allentown, PA, US Area
    • - Erie, PA, US Area
    • - Harrisburg, PA, US Area
    • - Philadelphia, PA, US Area
    • - Pittsburgh, PA, US Area
    • - Pitts, PA
    • - Wilkes-Barre, PA
    • - South Carolina
    • - Charleston, SC, US Area
    • - Columbia, SC, US Area
    • - Florence, SC, US Area
    • - Greenville, SC, US Area
    • - Myrtle Beach, SC, US Area
    • - Seneca, SC, US Area
    • - Tennessee
    • - Chattanooga, TN, US Area
    • - Knoxville, TN, US Area
    • - Memphis, TN, US Area
    • - Nashville, TN, US Area
    • - Texas
    • - Austin, TX, US Area
    • - Dallas-Fort Worth, TX, US Area
    • - El Paso, TX, US Area
    • - Houston, TX, US Area
    • - Lubbock, TX, US Area
    • - McAllen, TX, US Area
    • - San Antonio, TX, US Area
    • - Tyler, TX, US Area
    • - Staff, TX
    • - Utah
    • - Ogden, UT, US Area
    • - Salt Lake City, UT, US Area
    • - Vermont
    • - Burlington, VT, US Area
    • - Virginia
    • - Norfolk, VA, US Area
    • - Richmond, VA, US Area
    • - Roanoke, VA, US Area
    • - Washington, DC , US Area
    • - Winchester, VA, US Area
    • - Washington State
    • - Seattle, WA, US Area
    • - Spokane, WA, US Area
    • - West Virginia
    • - Charleston, WV, US Area
    • - Fairmont, WV, US Area
    • - Wisconsin
    • - Eau Claire, WI, US Area
    • - Fond du Lac, WI, US Area
    • - Green Bay, WI, US Area
    • - Madison, WI, US Area
    • - Milwaukee, WI, US Area
    • - Oshkosh, WI, US Area
    • South Africa - All Cities
    • - Free State
    • - Virginia
    To filter reviews, or .

    Found 1220 reviews

    3.6
    StarStarStarStarStar
    Rating TrendsRating Trends
    63%
    Recommend to a Friend
    88%
    Approve of CEO
    Bankers Life CEO Scott Goldberg
    Scott Goldberg
    451 Ratings
    Pros

    • "GREAT TRAINING, an opportunity for those that want their own business" (in 84 reviews)

    • "The best training program I've been through" (in 64 reviews)

    Cons

    • "100% commission requires effort" (in 79 reviews)

    • "Cold calls for day with a "proven script" that doesn't work" (in 73 reviews)

    More Pros and Cons
    1. Helpful (79)

      "Changed my family's life."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Insurance Agent in Paducah, KY
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bankers Life full-time for more than 5 years

      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...

      Show More

      Advice to Management

      Continue to provide mentoring, resources and support to incoming and Senior agents. Without these, I wouldn't be here today. Good leaders are good listeners.

      Bankers Life2019-01-19

    2. "Grow your Career"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Administrative in Edina, MN
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bankers Life full-time for more than a year

      Pros

      I've worked in other insurance companies before and the difference the training this particular office does for their agents is something I haven't seen before. Yes, it takes hard work, but the rewards is life changing for a person. It is truly a family office, and everyone really does want everyone to succeed.

      Cons

      If you can't be self motivated and aren't driven this would be a challenging career.

      Bankers Life2019-08-15
      3. Join the Bankers Life team
      See Our Latest Jobs

    3. "It's on you!"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - USM/Financial Advisor in Topeka, KS
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bankers Life full-time for more than 3 years

      Pros

      Unlimited income potential Can be a 6-figure opportunity within 2-3 years with hard work Opportunity for growth into management Training programs are incredibly thorough Continual office promotions Fun office culture

      Cons

      It is entirely up to you (if you succeed its cause of you - if you fail it's cause of you) Initial ramp up time of 4 - 6 weeks to start truly succeeding.

      Advice to Management

      Be highly directive with new agents the first 2-3 months.

      Bankers Life2019-08-12

    4. "Great career opportunity that grows with you for self-motivated, hard working individuals."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Insurance Sales Agent in Manhattan, KS
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Bankers Life full-time for more than a year

      Pros

      Amazing time to start a career in this field as the market place is constantly expanding as is the opportunities. Ability to set your own schedule so you can decide what events in life are important for you to attend. Unlimited income potential. If you want to make more all you have to do is work more. No need to ask for more hours/overtime approval. This is why I enjoy a career that is 100% commission based....

      Show More

      Cons

      You must be self-motivated and hard working. You are becoming a small business owner as soon as you start. This would be the most frustrating career for those not able to control their time. Being able to set your schedule is a double-edged sword because if you choose not to work you don't get paid. Because agents are independent contractors they can't offer a group health insurance plan, but they do have a program...

      Show More
      Bankers Life2019-08-12

    5. "Great Company and Great people that are willing to help."

      StarStarStarStarStar
      Current Employee - Anonymous Employee 
      No Opinion of CEO

      I have been working at Bankers Life

      Pros

      The training is the best in the Industry. Great opportunity to be your own boss.

      Cons

      If your not self disciplined, and a hard worker you will struggle.

      Advice to Management

      Keep the training coming..it’s critical to folks that are new to sales.

      Bankers Life2019-08-12

    6. "Goal oriented Team"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Insurance Agent in Owings Mills, MD
      Positive Outlook

      I have been working at Bankers Life full-time for less than a year

      Pros

      Great sales agent development approach: Banker's Life's training program offers new agents on hands training with senior agents and provides milestones to credit progress along the way.

      Cons

      Driving in Maryland is not safe (negative) but Agents that are on the road can do their part to drive responsibly (positive spin).

      Advice to Management

      Keep sharing your experiences and giving hope to new agents through your successes. It works!

      Bankers Life2019-08-09

    7. "Not for everyone"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Insurance Agent in Northern, KY
      Doesn't Recommend
      Negative Outlook
      No Opinion of CEO

      I worked at Bankers Life full-time

      Pros

      The ability to make uncapped commission.

      Cons

      Lack of structure, and training. There is no base pay. This is a swim or sink type situation. Unfortunately, most people sink.

      Bankers Life2019-08-12
    8. Helpful (1)

      "Worked for me and my family."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Coordinator in Omaha, NE

      I have been working at Bankers Life part-time for less than a year

      Pros

      Management, I have never had someone so dedicated to helping me, he has been amazing and wouldn't do this job without him. Team members keep me going and make me see the potential I have.

      Cons

      Some people might see the hours as a downside, I only see those as positive, harder, longer I work-uncapped earnings

      Advice to Management

      Thank you to Branch Manager for everything

      Bankers Life2019-07-24
    9. Helpful (1)

      "Lots to consider"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Life Agent 

      I have been working at Bankers Life full-time for less than a year

      Pros

      There is a great deal of training to help you succeed. The office culture is fun, energetic, and team oriented.

      Cons

      Lots of driving. Lots of $ out before lots of $ in. It take a great deal of time and effort to build your pipeline before you actually start making money.

      Advice to Management

      Be more open and honest about the realities of starting in this business in the career briefings

      Bankers Life2019-08-07

    10. "Retention too high"

      StarStarStarStarStar
      Former Employee - Sales Associate in Memphis, TN

      I worked at Bankers Life full-time for less than a year

      Pros

      Independent sales agent for life & health policies

      Cons

      Commission low, purchased own leads.

      Bankers Life2019-08-04
    Found 1220 reviews