Pros
Job performance is rarely defined or assessed...so it's hard to fail. Very socialist compensation since the only way you can reward the high performers is to slam the low performers. Since this is a company that abhors conflict or honesty, that means almost everyone gets the same salary increase. So, you're just stupid if you work hard or long hours.
Cons
Why would you work where you can't get promoted on merit and aren't rewarded unless you suck up to the kings? If you are a technical expert, no one cares. You have to manage people to get promoted. There is NO room for really valuable technical contributors. Stay away from actuarial (bunch of arrogant power mongers who passed exams in the 1970s and know nothing about current products and methodologies), IT (they demonstrate day in and day out that they don't know and never knew how to write a program, to test programs methodically, write specifications, or manage others who do know how to perform IT tasks!), financial planning (let's just say that if no one believes your long range plan and that's only a 2 year projection, you are really bad) , or accounting (manual band aids are the solution to everything and no one knows how to checks the results for reasonability. They just get someone from every contributing area to sign a statement that their little piece is right!) jobs. No one where this company is going. The strategy is to sell more. Ideally sell more whole life, no matter the cost.