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Farm Bureau Financial Services

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Farm Bureau Financial Services reviews

3.5

49% would recommend to a friend

(403 total reviews)
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Dan Pitcher

80% approve of CEO

63% positive business outlook

Farm Bureau Financial Services has an employee rating of 3.5 out of 5 stars, based on 403 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Farm Bureau Financial Services 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

403 reviews
1.0
Mar 4, 2018

Agent

Recommend
CEO approval
Business Outlook

Pros

Fellow agents, nice environment in that regard.

Cons

Where do I start. If you are reading this, RUN. They will fill your head up with all these promises and how they are an ethical, caring company that is different than all the other insurance companies. This could not be further from the truth. They literally go completely against their mission statement "protecting families...." I was one of the more successful agents out of the 10 in my office (I had been there about a year and a half). Unfortunately, my family and I were in a terrible accident and because the trainer (who is supposed to tell you CORRECT information regarding policy coverage) told me incorrect information and actually took the coverage off my own policy when I was a brand new agent in my first week, it destroyed my family. What did they do to rectify the situation might you ask? They denied everything (even though all the agents in my office were told the same wrong information from this trainer). BOTTOM LINE: Unethical company who only wants to benefit themselves. They will do whatever it takes to get out of any liability on their part, even if it means deeply affecting families. If this sounds like a company you want to be a part of, great. Only about 5% of agents make it past a year or so for a reason. They just want your business then run you out. Don't say I didn't warn you.

5.0
Jul 21, 2017
Recommend
CEO approval
Business Outlook

Pros

1.) Great pay! This company has both the worst contract and the BEST contract all wrapped up into one! If you approach your career with only wanting to do the bare minimum and collect a paycheck, you simply won't make it with the contract. That is likely the case with most of the negative comments you'll find here in the reviews. However... *pause for effect* if you have a desire to earn your paycheck, serve you community, and build something worthwhile, you won't find a better contract or company to do that with! The company offers a very lucrative base subsidy (not a draw or loan that has to be paid back like competitors) that is addition to your sales commissions and renewals. And the subsidy lasts for 5 YEARS! By then, if you have actually worked like you have a rewarding career, your renewals will have built up so much that you will be set until you choose to retire. VERY realistic to make $80k+ in your first year, and $120k+ in year 2--if you actually care about your career. 2.) Amazing flexibility for making family and personally important things in life come first! You build your work schedule that fits your life. Try and find that in most careers! 3.) Great management and phenomenal support personnel! You have specialists for every aspect of the practice you build who are eager to help out when and where you need them. Their job depends on your success, so utilize them! Many who fail at this career simply don't know how to utilize the resources available to them--they just don't ask! 4.) Upper Management are strategic thinkers and problem solvers who are committed to making Agents jobs easier! They are reachable and transparent, which is amazing and gives piece of mind to fact that you have many advocates working on your behalf. 5.) Training, training, training! The company has a program, the Reserve Agent Program, that allows you initial training and the opportunity to dip your toe in the water of this career to ensure you like it, identify if you will be successful, and know that making a transition from your current job is the right choice. There are formal training courses throughout your first couple of years, and aside from working with the subject matter experts and specialists that are there to support you, you will learn from a highly talented team of field trainers and your managers every day. 6.) So much more! You just have to come and see!!!

Cons

Premiums have been high the past few years, but that is a cycle that is coming to an end! Every company has those ebbs and flows when it comes to pricing. (But price shouldn't be the aspect of your value proposition that people come to you for. They should buy from you because of the value you provide and the fact that the company is reliable--especially when it comes to paying claims and benefits!)

1.0
Oct 25, 2017

Good Ol Boys Club

Recommend
CEO approval
Business Outlook

Pros

-If you want to work for a republican political organization that happens to have an insurance company, this is the place for you. -Good place to get your industry designations as they do have a great continuing education program. -You get to choose your company car and are not charged for personal miles, only taxed for the value of the personal use of the vehicle.

Cons

-Very difficult as a claims handler to manage expectations from client members, agents, and supervisors. A lot of the big farmers and high ups in the federation expect special treatment. You will not do well if you try to treat everyone the same. Very unscrupulous company that is borderline unethical. Farmers and corporate agriculture is overpaid at the expense of the common policy holder who has to pay crazy premiums to balance this. I did not like having to play favorites and found more gainful employment at a company that values ethics and equality. -Agents expect you to overpay claims and provide coverage for items even though they are specifically excluded. Again, you have to play favorites to keep their large clients happy. -Management will not back up your decisions if an agent goes over your head which they commonly do. -Company does not listen to suggestions from employees to improve processes and is very old fashioned.

Viewing 4 - 6 of 403 Reviews

Glassdoor has 482 Farm Bureau Financial Services reviews submitted anonymously by Farm Bureau Financial Services employees. Read employee reviews and ratings on Glassdoor to decide if Farm Bureau Financial Services is right for you.