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      Platinum Supplemental Insurance

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      Platinum Supplemental Insurance Reviews

      3.4

      61% would recommend to a friend

      (120 total reviews)
      avatar

      James Lange

      77% approve of CEO

      62% positive business outlook

      Ratings by category

      3.6

      Diversity and inclusion

      3.5

      Culture and values

      3.5

      Compensation and benefits

      3.4

      Senior management

      3.4

      Career opportunities

      3.1

      Work/Life balance

      Platinum Supplemental Insurance has an employee rating of 3.4 out of 5 stars, based on 120 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Platinum Supplemental Insurance employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

      Reviews by job title

      120 reviews
      2.0
      30 May 2017

      Great for a Few People

      Insurance sales representative
      Recommend
      CEO approval
      Business outlook

      Pros

      -The money is real. You can make over $1000 a week between 2-3 sales. -Good product. The policy is competitively priced and it sells. -If you're a Type A personality, this is the job for you. -The sales process works. Don't question it. -4 day work week -Daily and weekly (usually cash) bonuses in addition to paycheck -Plenty of people have used the policy in the past and always have good things to say about how much it helped them go through cancer heart attack or stroke.

      Cons

      -100% Commission. If you don't sell, you get nothing. -You'll easily drive at least 1,000 miles a week. -Charge backs: If people cancel on you, you get a deduction of up to half your next check. -100% own expenses: car, gas, hotel, food, car repairs. Really hurts if you don't sell. -You have to file as an independent contractor. So that $2800 you made isn't taxed yet. Tax time hurts too. -Hotels: sometimes you're in tiny towns with raggedy hotels. Don't drink the water. -Knocking on doors: often you're out in the country. THIS IS A DOOR TO DOOR COLD CALL SALES JOB. All too often people would tell me "we moved out here to get away from people like you" or "how did you find us?!" From my experiences, people generally do not take kindly to strangers knocking in their neighborhoods. -Guns and guard dogs -The Process: if you don't have the gift of gab and a folksy "good ol boy" personality, following the sales script without sounding like a scripted salesman (which country people hate) is going to work against you. -The recruiters: paint a great picture with lots of income and win your trust with through the interviews. I didn't know it was a door to door sales job until I was 4.5 hours from home on my first day. -You're in your car all day alone bound to a 6x6 mile territory. Day starts at 7 and ends at 10:30. -Management: My experience was very unprofessional unless superiors are visiting the team. My team leader once told me "I don't care, leave the [expletive] company" when I tried to raise a concern, and yelled at me in front of the team on several occasions. -If you don't blend in, you will get blended out. -Deer: will hit your car at some point. It's guaranteed. -Licensing is the only minimum requirement for this job. Plenty of people I saw come and go hadn't gone to college or didn't finish high school or might have been to prison or were elderly or just flat out didn't have any sales experience and got swayed into a job that puts everything you have on the line. There are very few people who will succeed at this job. It's one of those jobs that's always hiring and will take anyone just because the company is looking for people who will stick. Sticking is the only way it's worth it. I had a positive experience in leaving the company. I wish I had known more about the job before I started. Things like this would have saved me a ton of money and about 45,000 miles on my car.

      avatar
      Platinum Supplemental Insurance Response
      9y
      Thank you for your detailed review of your experience. In addition to providing the best products for our customers, the other fundamental piece of our company mission is to offer a career opportunity that provides extraordinary rewards to anyone who wants unlimited potential and who is willing to pick up our sales process and work hard. Your review indicates you saw that opportunity. Where there is great reward, though, there will also be challenges. We have sales representatives from all different types of career and personal backgrounds who find tremendous success with Platinum, who have also decided that the life-changing rewards of this career outweigh the challenges. We also consistently work to provide as much information about the position up front. It’s to everyone’s benefit that applicants make an informed choice about whether this career is a good fit. This is a direct sales position, which was explained in the 30-minute video overview as well as throughout the interview and career prep process. We are disappointed to hear about your experience with your team leader. We hope you took the opportunity to address the situation with one of the visiting superior leaders. If not, your feedback is helpful to us, and our sales operations team would be interested in learning more. You can contact them at salesoperations@pltnm.com. Thank you.
      5.0
      13 Oct 2014

      Very fulfilling and life changing.

      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      Working for Platinum is very rewarding. We aren't selling a luxury item, what we sell is a necessity. In any sales position, competition is a big hurdle. I haven't seen a policy that really compares to Platinum's. The process Platinum has in place is also easy to learn and proven to work. I had very high income goals and since I started here over 5 years ago, I've surpassed every goal I've set. The sky is the limit when it comes to income with Platinum.

      Cons

      When I first started, my main concerns were the travel involved and only being paid if sales are made. These concerns were quickly erased. Being home for three days per week and all holidays actually allows more time to spend with my family. By putting forth a consistent effort and following the Platinum Process, income concerns were also put to rest.

      avatar
      Platinum Supplemental Insurance Response
      11y
      Thank you for sharing a glimpse into your experience as a Platinum sales representative. Congratulations on achieving your personal and financial goals and on your dedication to making the system work for you!
      1.0
      24 Sept 2014

      Platinum Supplemental Insurance - Ask Questions Before You Jump.

      Agent producer
      Recommend
      CEO approval
      Business outlook

      Pros

      Pyramid scheme, if you are at the top you will make good money off the agents you recruit and use for your own benefit. Agents will make their "cut" but expenses eat a lot into it.

      Cons

      After 2 weeks they want you to pay for your own hotel for up to 4 days a week, no car allowance from day 1, no gas allowance from day 1, you are driving up to 5 hrs to your assigned territory to sell products with no set appointments, no benefits, no food allowance, etc.

      avatar
      Platinum Supplemental Insurance Response
      11y
      Thank you for taking the time to provide your feedback. We certainly do encourage anyone considering this or any new career to ask the right questions and gather as much information as possible, which is why we feel it's important to clarify the details provided here and provide accurate information: Platinum Supplemental Insurance is not a multi-level or "pyramid" scheme. Platinum is a near 20-year-old insurance agency that markets a supplemental cancer, heart attack and stroke policy underwritten by a highly reputable insurance carrier. As independent contractors, our Reps are responsible for their own expenses. However, in addition to leading commission potential, there is a program of realistic bonuses in place specifically to help new representatives offset their initial expenses in the early part of their career. This, along with an explanation of our sales process, payment structure and travel, is made clear to interested candidates during the interview process. Additionally, none of our agents are required to recruit other agents. Recruitment is handled by the licensing and human resources staff in our home office when positions become available.
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      ReviewsPlatinum Supplemental Insurance reviews

      Glassdoor has 153 Platinum Supplemental Insurance reviews submitted anonymously by Platinum Supplemental Insurance employees. Read employee reviews and ratings on Glassdoor to decide if Platinum Supplemental Insurance is right for you.