Bankers Life

Working at Bankers Life: Company Overview and Reviews

Bankers Life
Bankers Life
3.0
1922 reviews
Bankers Life Ratings
3.0
Average rating of 1922 reviews on Indeed
2.8Work-Life Balance
2.6Pay & Benefits
2.6Job Security & Advancement
3.0Management
2.9Culture
Headquarters
111 E Wacker Dr. Ste 2100 Chicago, IL 60601
Employees
5,001 to 10,000
Revenue
$100M to $500M (USD)
Industry
Insurance

Popular jobs at Bankers Life

 Average SalarySalary Range
Insurance Agent
2 salaries reported
$31.75
per hour
$7.25-$70.35
Entry Level Insurance Agent
33 salaries reported
$51,500
per year
$24,000-$85,000
Customer Service Representative
1 salary reported
$16.00
per hour
$8.00-$24.00
Entry Level Sales Manager
253 salaries reported
$100,000
per year
$50,000-$150,000
Sales Representative
2 salaries reported
$55,000
per year
$27,000-$83,000
Salary Satisfaction
33%
Of the employees are satisfied about their pay
Based on 1846 reviews
Benefits
Health Care
Dental Insurance
Vision Insurance
Life Insurance
401k
Paid Time Off
Stock Options
Discounts

Bankers Life Reviews

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Overall Reviews at Bankers Life

1.0
Producer | Grand Rapids, MI | Dec 1, 2020
100% on your own while earning 40% of industry standard.
Training is 100% on you, the information is provided with no true structure. The "in the field" training happens by chance as you are assigned to random agents while attempting to schedule your personal prospecting around an unknown zip code and/or schedule of your "trainer". Mandatory office days coupled with prospecting on the phone and door-knocking will add up to 60-70 hrs a week. Plan on a 6 day work week that would not include a self-study day out of the office. Prepare to justify to your trusting clients why they are paying 25% higher rates for products that fail in comparison to competitors. Disappointing commission structure coupled with a CAPTIVE, 1099 contract agreement does nothing to compensate the aged "free" leads.
ProsProfessional office model, opportunity for self-starter with no need for work/life balance.
ConsInferior commission structure, products, lead quality coupled with a prehistoric work/life balance formula.
4.0
Insurance Agent | Loveland, OH | Oct 21, 2019
really good energy in the work place very easy to get along with coworkers and work together
I really enjoyed my time at bankers I did have a few set backs that affected my goals but overall really enjoyed my time with the company. Really good experience
5.0
Branch Administrator | Honolulu, HI | Sep 21, 2017
Productive and great team work
Based on my experience for working with Banker's Life here at the Honolulu branch office, I would say it was very good. The management team was very passionate about working with everyone on the team with reaching not only the branch goal, but as well as personal goals. Everyone was always willing to provide a helping had and very friendly.
3.0
Independent Agent | Pepper Pike, OH | Jan 29, 2020
Fun workplace
Leads are not great, good work environment. Very supportive staff, everyone pitches in to get you to where you need to be. Training could be better, everything is covered so fast.
4.0
Recruiting Specialist | Wilmington, NC | Aug 30, 2018
Great company with wonderful people working for it
The environment is positive and upbeat with a team-oriented mindset. However, for office personnel there is not a lot of incentive or opportunity for growth
1.0
Insurance Agent | San Diego, CA | Jul 21, 2018
long hours for little pay
This is a commission based only company. You work long hours, 7 days a week,trying to convince people to buy insurance products that don't always fit their needs
5.0
Insurance Advisor | Houston, TX | Mar 25, 2017
Productive Place with fun people!
This company wasnt anything less than great. Requires long days but once you get rolling its nice! The managers are excellent, its very scary going into a 100% comission based business.
5.0
Quality Assurance Engineer | Chicago, IL | Apr 18, 2012
dream job
I loved my job, great staff, great hour. Gave me great knowledge about insurance. The hardest part of the job was when they down sized.
Prosstability
Consdown size
2.0
Insurance Agent | Peoria, AZ | Jan 9, 2021
Freedom
Set own schedule - no set hours - nice guys to work with, but they really don’t fully explain the amount of cold calling required - hard job to get started for a newcomer to the area - they rely on your personal network to get a foot in the door - or sell policies to yourself or immediate famiky
2.0
Insurance Producer | Bensalem, PA | Jan 22, 2020
Was not happy working on complete commission
The job is complete commission, no base salary at all. Was not happy about that. I don't believe that is the type of job for someone with a family & financial responsibilities can live on

Questions And Answers about Bankers Life

If you were in charge, what would you do to make Bankers Life a better place to work?
Asked Nov 9, 2019
Give better compensation
Answered Oct 29, 2020
Change the entire culture and business model to create opportunities for everyone to succeed not the creating “poster children” of doctored success to fool people to come on board or stay a little longer.
Answered Sep 20, 2020
Is this commission based? Is there an hourly salary?
Asked Feb 22, 2016
Yes, totally commission based.
Answered Jan 20, 2020
Your base compensation is 100% commission, so your earning potential is unlimited! This are many new agent bonus programs as well to support your strong start. Contact your local branch to learn more.
Answered Jul 12, 2019
What is the best part of working at Bankers Life?
Asked Dec 4, 2019
The coworkers
Answered Oct 29, 2020
Stay in long enough to help People and earn good income
Answered Sep 30, 2020
What tips or advice would you give to someone interviewing at Bankers Life?
Asked Nov 11, 2019
Ask your interviewer why multiple positions are always available and actively listen to what they say, and (more importantly) how they say it. You will probably be fed a line, but you will learn what kind of person they are, and how the company operates.
Answered Aug 15, 2020
Don't do it
Answered Jul 7, 2020
What is a typical day like for you at Bankers Life?
Asked Mar 21, 2020
On office days, you're in a call room all day making calls trying to set up appointments for field days
Answered Oct 29, 2020
Enter office and call call call lists to set up appts for week. High pressure then rest of week meet with appts set door knock .
Answered Sep 30, 2020