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
3.0
Mar 9, 2025
Recommend
CEO approval
Business Outlook

Pros

Freedom and independence of owning your own business; great initial training (in-person and remote); access to leads; great initial bonus program that may lead to $30K-$50K in first six months.

Cons

Unless you track into management or become a licensed Financial Advisor or Financial Representative, it is challenging to make a reliable salary; after the first year, residual commission tails off significantly.

3.0
Mar 6, 2025

Great Starter Company

Recommend
CEO approval
Business Outlook

Pros

-AMAZING support and training -Opportunity to move up in the company -Benefits (health, 401k, free therapy, etc) as a manager -Pension the company contributes to based on performance -In office trainings every single week -Virtual trainings by some of the top agents in the company -WLNC program to help build a retain woman in the company in such a male dominated field -Sponsored my studying for my securities license -Bonus program based on production -Match program to help with brand new agents

Cons

-Lower commissions - lower than industry standard -As a manager, I was not told I would be paying 1% for leads plus 1% for office supplies -Had no training on how to be a trainer/manager, had to figure it out -Sales training could have been a bit better -Amazing office culture, actually really enjoy going into the office because of my fellow agents -Long hours in the first few years, working nights and weekends -Commission only, unstable income but the longer you are there and the more you build up your renewals, that becomes almost like a salary. This does take years to really build up though

4.0
Mar 6, 2025

Fantastic Place to Start

Recommend
CEO approval
Business Outlook

Pros

Great place to begin your career in financial services/ insurnace

Cons

Longevity not the best option if you don’t move up quickly to be a USM/AD and above

Viewing 148 - 150 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.