Don't fall victim to this corrupt company - Insurance Sales Agent Bankers Life Employee Review

1.0
7 Feb 2018
Recommend
CEO approval
Business outlook

Pros

You make your own hours

Cons

EVERYTHING. This company is horrible. They scam their employees and customers. You're basically cold calling asking people to let you come to their homes and sell them horrible insurance policies. First you pay around $300 to become licensed. Then they let you ride with an experienced agent and you make a little money but barely enough to cover what you pay to get started. As a new college graduate I took this position believing all the lies they told. Once I realized what exactly was going on, I quit. It is in no way safe for a young female to being going to random homes alone to sell insurance. If someone did buy I felt huge guilt because I had a feeling I wasn't truly helping them like Bankers Life tried to convince me. Then months after quitting, I get a letter in the mail saying I owe $200+ in chargebacks (which I've already paid taxes on) and that they will turn me over to debt collectors if not paid back. The whole thing was a complete nightmare in every aspect. Please please please do not fall victim to this company and their scams.

Explore other reviews about Bankers Life

5.0
6 May 2026
Recommend
CEO approval
Business outlook

Pros

Friendly staff and good atmosphere

Cons

I don’t have any cons.

5.0
26 Apr 2016
Recommend
CEO approval
Business outlook

Pros

Bankers provides award winning training, an elaborate product portfolio and a rapidly growing market. They leverage cutting edge technology: contact and LEAD management, electronic business submission, an incredible proprietary mobile application. I have 11 companies I can be appointed with - making sure my clients get the best program for what they NEED. A great opportunity to receive great training, work with great people and make a great living, all for helping people.

Cons

This opportunity is just that, an opportunity. Those who don't take advantage of it won't think it is a good one. Even successful people deal with a ton of rejection, thick skin is needed. With a 40% closing ratio, I still hear "No" more than "Yes".

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