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
1.0
Apr 21, 2025

Scam Opportunity

Recommend
CEO approval
Business Outlook

Pros

I guess if you desperately need a job (any job) and $15/hr will get you what you need, but just beware.

Cons

The BDR role is a scam job, and I feel foolish having taken the bait. Their business practice is to maintain a pipeline of highly motivated lead generators by promising a non-existent promotion path to Account Executive. Of the 50 BDRs who made up my new hire “class” – less than five remain after three months. Only one BDR remains from the class before mine. It seems like they hire about a hundred people per month – but is hard to tell because they shift the teams around, which is likely intentional to keep information low among BDRs. You should expect to make 300 – 350 calls per day with a daily sales quota that makes promotion statistically impossible for almost everyone. Your job is to generate leads for Account Executives who make at least five times your salary. These leads are not easy to generate – which is why they need highly motivated and intelligent BDRs. They would not be able to hire the quantity and quality of BDRs needed to generate these leads at $15/hr. SO THEY LIE – and falsely advertise that the BDR role is a temporary step to Account Executive. It is not. The Account Executive positions are coveted and there simply is no room for you at the top. The majority of BDRs live in constant fear of termination and blame themselves for not performing. They all burn out. Most of the top performers (like me) leave when they realize they are the butt of the joke. Virtually nobody stays. Lastly—they are calling prospects via auto dialer like 10-15 times a day. Think about the psychological impact that has on some of your potential clients who are often facing death or are severely ill (which is often the reason they inquired about life insurance in the first place). It is irresponsible to everyone involved and likely illegal under the TCPA's informed consent rules. It’s gross. Any class action attorneys researching this company-- please go do God's work. Best of luck to everyone considering this job.

1.0
Mar 30, 2021
Recommend
CEO approval
Business Outlook

Pros

- It’s easy and the interviews are a joke - Diversity isn’t too bad - People are mostly nice, just not very good at their jobs or staying up to date with the industry

Cons

- Don’t expect a promotion here based on merit. Promotions are based on loyalty only after many years. - Terrible pay, way under market rate - Don’t bother offering advice for improving things. You’ll get flagged as insubordinate - Poor benefits - Don’t expect to learn much. The platforms are old and the people don’t have much to offer - Incompetent management

1.0
Mar 2, 2021

Just know that you are scamming people for close to no money.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Nice office space. Other than that I offer nothing. It was a sad experience. Clearly a scam

Cons

Misleading, management doesn’t know how to lead. The craziest business model I have ever seen. It’s a scam top to bottom. Embarrassing.

avatar
eFinancial Response
5y
Thank you for your advice. We are continuously working on what we can do better and hearing about the employee experience is very helpful. Training employees is a high priority for us due to our dedication to see all employees succeed in one of the most stable and secure industries, life insurance.
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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.