Revolving door - Manager Bankers Life Employee Review

2.0
Apr 3, 2025
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

Explore other reviews about Bankers Life

5.0
May 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Friendly staff and good atmosphere

Cons

I don’t have any cons.

5.0
Apr 26, 2016
Recommend
CEO approval
Business Outlook

Pros

Bankers provides award winning training, an elaborate product portfolio and a rapidly growing market. They leverage cutting edge technology: contact and LEAD management, electronic business submission, an incredible proprietary mobile application. I have 11 companies I can be appointed with - making sure my clients get the best program for what they NEED. A great opportunity to receive great training, work with great people and make a great living, all for helping people.

Cons

This opportunity is just that, an opportunity. Those who don't take advantage of it won't think it is a good one. Even successful people deal with a ton of rejection, thick skin is needed. With a 40% closing ratio, I still hear "No" more than "Yes".

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