Bankers Life reviews

3.8

61% would recommend to a friend

(2,252 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 2,252 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
1.0
Feb 22, 2014

Racism At its Best

Recommend
CEO approval
Business Outlook

Pros

They''re no pros about this job. Racism is not a plus

Cons

I went into bankers feeling I had a promising career and left filing discrimination charges. They fired me because im black. I worked at the one in Kansas city,mo. When I say racist I mean that with every fiber of my bean. In the hiring process I was told I will get $10 an hour for recruiting people to be insurance agents. Then come my first paycheck I wa only receiving $8 dollars an hour. Smh that's not a way to treat someone who help build a company by hiring agents. Then when you get a bonus you have to wait months to receive it. They all came together to fire me a couple weeks before they agrees to give me my equal pay. That was so ironic..lol They smile in your face and make things feel as if it's okay and then Amber please watch out for her she literally snapped on me in front of my daughter and had a fit. My daughter is a witness she heard banging noises from her work area slamming and slapping papers on her desk. How mature of her!!!!

1.0
Jan 24, 2013

Finally Free !

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Considering I was the office's top producer from start to finish and basically trained myself, I guess maybe the secretary to turn apps in and the work environment to chat?And for all you non-informed, blind sheep thinking ex-employees from Bankers only complain because they don't want to work commission jobs, I'm complaining (commenting really) and I was a top producer, who's bonus check they also used to use to advertise and recruit for their dirty office. Your welcome.

Cons

Well, to begin, I guess its not really management's fault their whole business plan is a top-heavy pyramid scheme. It is their fault though, for not attempting to do anything about it, or deciding to stay with the company, to the point where they probably feel more trapped than I did. Now, considering I probably made my manager over 80k off of myself alone within 2 years, of which he barely lifted a finger for, in addition to the thousands of agents I've trained because he's too lazy to get off his ass and actually work, this probably has to be one of the worst work environments I've ever seen. If you want to understand Bankers, think of Amway...they don't advertise either, yet manage to stay in business. And like Amway, absolutely horrible products. They should make products that horrible illegal in the insurance industry. And funny thing is those idiots fired me for _literally_ no reason....guess I got too smart and ambitious for that office? There goes your dumb non-compete ha. V for Vendetta kids, right on schedule. Great leaders are born in hell. Thank you Bankers Life.

1.0
Nov 1, 2012
Recommend
CEO approval
Business Outlook

Pros

The training is excellent and thorough. It does provide for sales opportunites (however does not prepare the agents for massive cold calling. The brochure for each product is great as a presentation tool with prospective clients

Cons

While agents are told to respect each others prospective clients, there were too many crawling over each other to get money to survive. The leads are outdated and overused as most I contacted had been called several times a day. Prices of products are not competitive and are in fact much higher than other companies. If you are an agent, do not buy any Bankers products....when you leave whole life policies will be converted to term life and thus no refund. Also beware of phantom poilicies (ones you never sold yet get charged back on) and high chargebacks when you leave company. Also leads are great if you are willing to pay for them (and that also comes out of your monthly commission). Also be prepared to prey on seniors and force them to purchase products through strong psychological techniques. Beware, if applying, of no base pay as promised in the interview and no benefits until you buy them. Also be set for all cold calling, and I do mean at least 200 calls a day

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