Bankers Life Reviews
Updated Sep 20, 2021
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Found 1,573 of over 1,967 reviews
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Recommend to a Friend
Approve of CEO
Scott Goldberg
623 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)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
- Current Employee★★★★★
Pros
good co-workers; amazing boss and managers
Cons
nothing really comes to mind
- Current Employee★★★★★
Pros
You can be compensated what you are truly worth. When you become efficient, there is no better work life balance.
Cons
There is a lot to learn to become very valuable to your clients. This takes effort to learn.
- Current Employee, more than 1 year★★★★★
Pros
If you are a good sales agent you will do very well here. A cursory search for annuities and life insurance reveals their products a some of the worst. Great team great training but pray your customers don't compare rates.
Cons
annuities and insurances are some of the most expensive
- Current Employee, less than 1 year★★★★★
Pros
As a new insurance sales agent Bankers Life product the most value in Training and mentorship.
Cons
It will take up to 2 months or less for some to get the swing of things once you have a decent amount of commission coming in.
- Current Employee, more than 1 year★★★★★
Pros
Ability to make the amount of money you want
Cons
No consistency in leads, managers don't train well,
Continue reading - Former Employee★★★★★
Good training, old fashion style, but not a base salary only commission.
RecommendCEO ApprovalBusiness OutlookPros
* First four months everything is wonderful. * You could get a lot of experience and knowledge. * Company is great if you are willing to start your own business, assume the risk and be able to support the expenses. ( a lot of debt)
Cons
- Not base salary or hourly, it is only commission based. - they only support you for the first four months, after that, you should perform or sink. - it is captive company, what it means they will keep the clients info and if you move to another insurance company you cannot contact your previous clients. - at the 5th month they provide leads, but the closing ratio is really low, managers normally received better prospects or existing clients. - you pay your gas, your leads and your expenses, in order to survive you need to door knock prospects, and be aware of the laws of solicitation. - you are a 1099 employee, it means you are a self-contractor. No health benefits, no 401k. - Managers receive an overwrite for your business, what it means the commissions you receive at the end are not the bests in the industry. - The rates and the online presence are not competitive with the rest of the industry. - This is an old-fashioned company in a technology century, along with the fear of Covid the chances to success are very low. -You need to get in debt to be able to support the expenses and the monthly fees. -They promise you 100k income, but it is impossible to get there. -You have to be available at evenings, weekends, and be able to book in-home appointments. -If you are successful good, if you are not they will find more people to bring on board. -They are people making $2000 or less per quarter, while managers are making $10000 or more per quarter. -Most of the successful people move to another companies for better income/benefits.
Continue reading - Current Employee, more than 1 year★★★★★
Pros
We open household with comprehensive Medical / Medicare planning. This is the foundation of all other legacy planning.
Cons
If this was easy, everyone would be doing it. If you are disciplined and can follow a process, this can be a lucrative career.
Continue reading - Current Employee, more than 1 year★★★★★
Pros
Flexibility with home life and family.
Cons
You must be self taught because there's little training.
Continue reading - Former Employee, less than 1 year★★★★★
Pros
They provide you some training.
Cons
They mislead and provide you with low quality leads.
- Former Employee★★★★★
Pros
Training is excellent keeps you up to date
Cons
I don’t have any cons at this time
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