Bankers Life Employee Reviews about "great training"

Updated 18 Sep 2020

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3.5
63%
Recommend to a Friend
87%
Approve of CEO
Bankers Life President Scott Goldberg
Scott Goldberg
605 Ratings
Pros
  • "Great training, the sky is the limit(in 92 reviews)

  • "They have a fantastic training program that gets new agents up to speed very quickly(in 70 reviews)

Cons
  • "I found a company that offers 100% commission(in 87 reviews)

  • "Cold calls are not a successful way to conduct business(in 80 reviews)

More Pros and Cons

Reviews about "great training"

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  1. "Great if your sales orientated"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Insurance Agent in Brooklyn, NY

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

    Pros

    Management was great, training provide. Leads provided free though not always the best.

    Cons

    Commision based, sink or swim sell or Drown

  2. Helpful (1)

    "Worked here for a little over one month."

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Agent in Warwick, RI

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

    Pros

    Great training, paid weekly salary for first few weeks

    Cons

    Long hours, tough to get new clients


  3. "Low comp"

    3.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Contractor - Insurance Agent 

    I have been working at Bankers Life

    Pros

    They have great training programs

    Cons

    They could pay higher commissions

  4. "Love my job"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Sales Representative 

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

    Pros

    Great training and bonus incentives.

    Cons

    The lead system is antiquated.

  5. "Great Company"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Agent in Louisville, KY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Training, Mentors, Leads, Benefits, and Culture. I love getting to help people with their retirement and getting paid at the same time!

    Cons

    Long hours in the beginning, but worth it!

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  6. Helpful (1)

    "Career For Life"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bankers Life full-time for more than 10 years

    Pros

    Great training, the sky is the limit!

    Cons

    Turnover, but to be expected within the industry

  7. "Bankers Life insurance agent"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Contractor - Insurance Sales Agent in King of Prussia, PA
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at Bankers Life for less than a year

    Pros

    Good office environment Great training program

    Cons

    Commission only sales Bad work/life balance

  8. Helpful (1)

    "Not for everyone"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Insurance Agent in Buda, TX
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Bankers Life for less than a year

    Pros

    They have great training and you will leave their knowing how to communicate through sales.

    Cons

    No pay, this job is based off of commission only. You have to build your client listing from scratch meaning you have to earn nothing within the first few moths before earning real money. This is not a steady job. This is strictly a contracting job.

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  9. Helpful (5)

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

    5.0
    • 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. My income is completely tied to my effort. I know I never have to worry about being paid the same as someone who doesn't deserve it because everyone gets the same commission rates regardless of age, sex, race religion, or seniority. You have to earn it. Local and international trips available for business and pleasure that the company sponsors and pays for. Management/Leadership opportunities are available within your first year. Training and opportunity available for you to become a financial advisor within your first year. They will give you 125% of your tuition costs for taking certification classes for your insurance career upon completion of course. You receive renewal commissions just for keeping your current clients every year. They contribute between 7-15% of your income each year into a program similar to a 401k that you can contribute to as well, but you don't have to to get company contribution. Quarterly bonus program ranging from $600-$60,000 every 3 months. New agent bonus programs available that help jump-start a career. Great training available in person and online. Trainers actually go on appointments with you so you can learn by watching.

    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 available to help offset the cost of insurance for those proving they have coverage.

  10. "Great place to start"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Freelancer - Insurance Agent in Hartford, CT
    Recommends
    Negative Outlook

    I worked at Bankers Life for less than a year

    Pros

    The start and many bonuses you are able to achieve. Great training

    Cons

    Very demanding Leadership, Lots of people hired and don't make it past month three. Helps to come from a family who has lots of money to invest that can also introduce you to the right people and get you started.

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Found 92 reviews