eFinancial reviews

3.3

61% would recommend to a friend

(300 total reviews)

James E. Hohmann

65% approve of CEO

65% positive business outlook

eFinancial has an employee rating of 3.3 out of 5 stars, based on 300 company reviews on Glassdoor which indicates that most employees have a good working experience there. The eFinancial 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

300 reviews
2.0
Jun 30, 2017
Recommend
CEO approval
Business Outlook

Pros

Pay was amazing. made 90k my very first year. had huge bonus incentives on top of the commission that really helped you get more commissions.

Cons

Changed commission structure to screw you over. In my first year it changed 4 times and every time you had to do more work to make less money. only cared about bottom line and not its employees. management got raises while everyone else commissions got cut in half.

1.0
Apr 25, 2019
Recommend
CEO approval
Business Outlook

Pros

Constant humiliation by Sr. Staff and tracking of every moment spent in the building

Cons

Modern day "Bait and Switch" due to the constant turnover and incredible stress levels.

avatar
eFinancial Response
7y
Thank you so much for taking time to review eFinancial. We are sorry to hear that you had a bad experience and always make it a point to be transparent and put people first. To that point, we pride ourselves in providing every single candidate with a full 30-minute phone screen covering their career trajectory at eFinancial and the work that is needed to go in to becoming a successful agent. Furthermore, during the interview process, every candidate has an opportunity to shadow a Business Development Representative and an Account Executive so they have full understanding of what a day in the life will entail. Given all of these efforts and all of the information that was provided, we apologize that you felt misled. Lastly, our environment is definitely metric driven which does require one to be readily available to take calls. Our employees are also provided with ample leisure time to enjoy our game room, ping pong and plenty of other perks around the office.
1.0
Mar 2, 2019
Recommend
CEO approval
Business Outlook

Pros

Free Parking (be sure to get there early, parking gets full quickly) free coffee (you won’t be making much money and won’t be able to afford decent/high quality coffee),game area (for those that like immature activities)

Cons

Culture, not a long-term employer, commission structure changes (not in employee favor), no common curtesy, overworked and underpaid, fear tatics, 6-12 months to be promoted to Account Executive, expensive insurance (they advertise for potential customers to purchase affordable insurance, but can’t even make it affordable for their employees), high turnover rate, no ability to grow, they have asked current employees to write positive reviews, micromanaged, bad leads, favoritism to who gets decent leads.

avatar
eFinancial Response
7y
Thank you for sharing your opinions. We put our people first and this feedback will help us in that pursuit. We have many employees that have enjoyed a long-term career spanning over 10 years, additionally, our turnover is below industry average. We promote from within and offer a multitude of career advancement opportunities across the organization. The 6-12 month time frame to get promoted would hinge on your ability to get licensed nationwide and appointed with several top rated carriers. We start that process within 2 weeks of your employment; some people may not adequately prepare for the exam or be good test takers which can delay the process to become licensed. This is a regulated industry and we comply with the state insurance requirements. It not uncommon for a new hire to start earning commissions within 60 days of their employment starting. If a new employee is already licensed, that time frame can be accelerated. In 2017 we brought in a new leader of the organization who made tremendous investments to enhance our benefits offering; the total suite has been bench marked well above our competitors. While our commission plans may change from time to time, often agents earn more under any new plan. As we evolve the business, our agents become more productive with additional resources and technology to increase production levels. The commission plans evolve alongside the business. All of this adds up to more families protected and advancing our mission to make life insurance more affordable and accessible for everyday Americans.
Viewing 7 - 9 of 300 Reviews

Glassdoor has 305 eFinancial reviews submitted anonymously by eFinancial employees. Read employee reviews and ratings on Glassdoor to decide if eFinancial is right for you.