Bankers Life reviews

3.8

61% would recommend to a friend

(2,251 total reviews)
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Scott Goldberg

82% approve of CEO

62% positive business outlook

Bankers Life has an employee rating of 3.8 out of 5 stars, based on 2,251 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Bankers Life 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

2K reviews
5.0
Apr 8, 2025

Great opportunity

Recommend
CEO approval
Business Outlook

Pros

Able to build my own business with great training and support

Cons

It takes hard work to be good at this.

2.0
Apr 3, 2025

Revolving door

Recommend
CEO approval
Business Outlook

Pros

Excellent training 2 or 3 times a week, office space (but you pay for it), one on one training with a manager, company provided leads and CRM

Cons

Bankers Life keeps half your commissions for all medicare advantage, life, long term care, and annuities. Contract rates are more than twice as high when you're independent. They make you pay $150/month to work there for office space and marketing materials. You do all the marketing, cold calling yourself. Company provided leads are terrible (mostly wrong numbers or recycled leads). My branch manager would make fun of agents, even telling me when I quit that I "would just be another struggling agent" when I went independent. Agents never own their book of business. The manager that trained me would yell at me for asking questions, often times in public. He also was condescending while saying ridiculous things like there is no such thing as deflation and BRICS nations is just a conspiracy theory. He also made fun of me many times to other agents about things I was seeking to understand with insurance. Also when I met an older agent around the office he would them that I never used him as a financial advisor

Viewing 136 - 138 of 2,251 Reviews

Glassdoor has 2,805 Bankers Life reviews submitted anonymously by Bankers Life employees. Read employee reviews and ratings on Glassdoor to decide if Bankers Life is right for you.