Bankers Life Reviews | Glassdoor.com.au

Bankers Life Reviews

Updated 15 February 2019
1,160 reviews

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3.5
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Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
417 Ratings

Employee Reviews

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Pros
Cons
  • "There is no base pay (100% commission basis), so until you get up and running you won't make much" (in 56 reviews)

  • "100% commission requires effort" (in 78 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Agent in Bensalem, PA (US)
    Current Employee - Sales Agent in Bensalem, PA (US)
    Recommends
    Approves of CEO

    I have been working at Bankers Life full-time (More than a year)

    Pros

    Great Experience. Great Culture. Helpful Community.

    Cons

    Have to put in the work.
    Sales.


  2. "Insurance associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service in Atlanta, GA (US)
    Current Employee - Customer Service in Atlanta, GA (US)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Bankers Life full-time (Less than a year)

    Pros

    Good for experience and something new

    Cons

    Far away from the inner city

  3. "Rewarding"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent
    Current Employee - Agent
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (Less than a year)

    Pros

    Made me feel like I was making a difference in people's lives, good money making potential

    Cons

    Some days were very stressfull with a full work load


  4. Helpful (3)

    "Changed my family's life."

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

    I have been working at Bankers Life full-time (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 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.

    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.


  5. "Commission based"

    StarStarStarStarStar
    Former Employee - Insurance Agent
    Former Employee - Insurance Agent

    I worked at Bankers Life full-time (Less than a year)

    Pros

    Great people and kind atmosphere to be in

    Cons

    No hourly salary just commissions


  6. "Solid place to work if you are performing your job duties well"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BOA Branch Office Administrator in Seattle, WA (US)
    Former Employee - BOA Branch Office Administrator in Seattle, WA (US)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bankers Life full-time (More than 8 years)

    Pros

    Able to work independently without being micromanaged.

    Cons

    Not much upward mobility available on the administrative and support side.

    Advice to Management

    Office staff and sales agents are kept very separate. Culture is important to keeping employees happy. Try to build more camaraderie in the office.


  7. Helpful (1)

    "Company Does Little to Generate Real and Quality Leads"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Sarasota, FL (US)
    Former Employee - Insurance Agent in Sarasota, FL (US)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bankers Life part-time (More than a year)

    Pros

    Build your own schedule and Be your own boss

    Cons

    You are on your own. Company does not provide quality leads and operates more like a call center and door knockers.

    Advice to Management

    Stop the employee-revolving door mentality and improve the quality of the company to be a professional insurance company... right now you are on par with an ambulance chaser

  8. "Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Los Angeles, CA (US)
    Current Employee - Insurance Agent in Los Angeles, CA (US)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bankers Life full-time (Less than a year)

    Pros

    Fresh Leads everyday. Generous commission structure. Training is consistent and involved.

    Cons

    No base pay. Onboarding takes over a month due to the required licensing. You are responsible for the fees associated with licensing.

    Advice to Management

    Provide a base pay.


  9. "good place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Cashier in Detroit, MI (US)
    Former Employee - Cashier in Detroit, MI (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bankers Life (Less than a year)

    Pros

    great benefits great people

    Cons

    I enjoyed working for the company

    Advice to Management

    keep up the good work


  10. "Overview"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent
    Former Employee - Insurance Agent
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bankers Life (More than a year)

    Pros

    Friendly atmosphere, always someone to help you, lots of training

    Cons

    Chargebacks, too much travel, micromanaged