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      Bankers Life

      Part of CNO Financial Group

      Engaged Employer

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      Related searches: Bankers Life reviews | Bankers Life jobs | Bankers Life salaries | Bankers Life benefits
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      Insurance Sales Interview

      Dec 7, 2011
      Anonymous Interview Candidate
      Edina, MN
      Declined offer
      Negative experience
      Easy interview

      Application

      The process took 1 day. I interviewed at Bankers Life (Edina, MN) in Nov 2011

      Interview

      I was induced to this “interview” under the guise that it actually was an interview. It is not. It is an hour-long promotional speech on why you should choose to take a risk and basically start your own business with a little help from Bankers. You will need to get all of your own insurance licenses, at your own cost. The “interview” is a group presentation in one of the most-outdated and poorly maintained buildings in Edina. When I walked in and realized that was a group presentation and not an interview, I walked back out of the group presentation room and asked the receptionist (buried behind clutter and mounds of paper, some leaning up against the wall to keep them upright) if this was a presentation instead of an interview, she in turn asked a gentleman from the office to talk to me. I repeated my question, was this an interview as I had been led to believe or merely a group presentation? The man curtly replied, “Do you have someplace better to be?” Then he snapped, “ I don’t know you. The only way I can learn if you are worth my time is through the presentation. Tell you what, if you stay and you think that I wasted your time, I’ll pay you.” Then, he walked out of the office to the restroom. Not knowing what kind of money was on the line, I stayed. I did not fill out any of the paperwork they give you (a full personality test and detailed profile). The gentleman who confronted me before turned out to be the presenter. I stayed anyway and listened. The presentation detailed how supposedly Bankers is the best company ever to work for (alongside really)-dream vacations and six-figure salaries await those who choose to invest their time and money to pursue a Banker’s career. According to our friend, the presenter, he now makes more than his lawyer and doctor buddies and works far less. When it came time for questions, I asked some pointed ones. Q: Since you travel to some many homes concerning insurance, does Banker’s reimburse for any of your extra car and gas expenses? A: No. Q: Do you need insurance licenses for this? A: Yes. Q:Will Banker’s pay for those licenses or courses? A: No. However, if you work for Banker’s for 90 days and meet certain sales goals, “you can apply for reimbursement for the license fees.” Q: What is the turnover rate? A: 45% of agents quit within the first 14 months. Q:Do they offer benefits? A: No. Q: Do they offer any guaranteed salary? A: No. Q: 401(K) matching? A: No. Q: 401(K) at all? A: No. Then, our presenter said, “So, I have ten bucks. Did I waste your time? Do you want to take it?” After an hour and fifteen minutes, he had wasted my time, but that he thought my 75 minutes were worth just $10 ($8/hour), absolutely solidified that I would never want to work for Banker’s. I probably should have taken the money, for gas if nothing else, but I politely declined and left. Do not make the same mistake that I did. Do not waste your time with this group presentation. Google Banker’s and realize that investigations from Congress are pending and that have been universally panned by clients as a complete sham. To work for them, you would need to prey on the elderly and promise services that the BBB can verify are routinely not delivered. No matter your desperation, look elsewhere.

      Interview questions [1]

      Question 1

      Did I waste your time today?
      1 Answer
      5

      Other Insurance Sales Interview Reviews for Bankers Life

      Insurance Sales Interview

      Jul 11, 2017
      Anonymous Interview Candidate
      San Antonio, TX
      Declined offer
      Negative experience
      Easy interview

      Application

      I applied online. I interviewed at Bankers Life (San Antonio, TX) in Jul 2017

      Interview

      I applied online through one of the popular job search websites. I received a phone call and an email from a recruiter, James Randall. After the phone screen I was invited to a interview with a manager Nita. Upon arriving to Bankers Life, I was greeted by the receptionist whom directed me to a room full of other candidates (20+) that will be directed by a different manager, Kevin Bright. I was very upset that I was led to believe that I was having a 1 to 1 interview instead of the "group introduction". I figure that I will sit through the hour long sales pitch since I have drove 20 miles. What a waste of time. STAY AWAY from these people. They want you to pay for your licensing and they want you to purchase their "prep kit" for $100. The total out of pocket is well over $300 they want you to spend for a 100% commission job. On top of everything, you will be a 1099 employee without any benefits. Steer clear of this scam. They promise you the world with earnings over $100k first year based off a MLM pyramid scheme.

      Interview questions [1]

      Question 1

      Will you give us over $300 for licensing and licensing prep in exchange of a 1099 position with Bankers life?
      1 Answer
      12

      Insurance Sales Interview

      Jun 10, 2017
      Anonymous Interview Candidate
      Nashville, TN
      Declined offer
      Neutral experience
      Easy interview

      Application

      I applied online. I interviewed at Bankers Life (Nashville, TN) in Jun 2017

      Interview

      Got a call to do an in person interview, which was watching a powerpoint in a group setting and learning more about the company and what the position would entail. Afterwards, the person who conducted the informational powerpoint asked if we had any questions and was very kind about answering all of them.

      Interview questions [1]

      Question 1

      What interested me about the company
      Answer question

      Insurance Sales Interview

      Jan 12, 2017
      Anonymous Interview Candidate
      No offer
      Negative experience
      Easy interview

      Application

      I applied through a recruiter. The process took 1 day. I interviewed at Bankers Life in Jan 2017

      Interview

      Group interview/presentation. Was never told the interview would be held in a group setting. The interview was also not an interview but a presentation about the company. They make you pay for you licensing up front and say they will reimburse you after you have been working there for a period of time. After the presentation was over they ask everyone to fill out questionnaires and asked everyone if they would like a second interview.
      2

      Bankers Life interviews FAQs

      • Insurance Sales applicants have rated the interview process at Bankers Life with 1.8 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 32% positive. To compare, the company-average is 40% positive. This is according to Glassdoor user ratings.
      • Candidates applying for Insurance Sales roles take an average of 6 days to get hired, when considering 27 user submitted interviews for this role. To compare, the hiring process at Bankers Life overall takes an average of 7 days.
      • Common stages of the interview process at Bankers Life as a Insurance Sales according to 27 Glassdoor interviews include:

        Group panel interview:  27%

        One on one interview:  18%

        Presentation:  16%

        Personality test:  13%

        Phone interview:  13%

        Background check:  5%

        IQ intelligence test:  4%

        Drug test:  2%

        Other:  2%

      • Here are the most commonly searched roles for interview reports -

        1. Insurance Agent(823) ;
        2. Insurance Sales Agent(159) ;
        3. Licensed Insurance Agent(131) ;
        4. Agent(104) ;
        5. Sales Representative(57) ;
        6. Unit Field Trainer - Insurance Agent(42) ;
        7. Insurance Agent 1099(40) ;
        8. Insurance Sales Representative(38) ;
        9. Sales Agent(38) ;
        10. Leiter Job-Shop-Automatisierung Und Steuerungsbau(35) ;
        11. Financial Advisor(33) ;
        12. Recruiter(33) ;
        13. Unit Sales Manager(30) ;
        14. Sales(28) ;
        15. Insurance Producer(26) .


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