Bankers Life

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Bankers Life Jobs & Careers in Grand Junction, Mesa, CO


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Bankers Life Reviews

366 Reviews
2.6
366 Reviews
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Scott Goldberg
2 Ratings
  1.  

    Is it a Bankers Life for me?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Insurance Agent in Iron Mountain, MI (US)
    Current Employee - Insurance Agent in Iron Mountain, MI (US)

    I have been working at Bankers Life full-time (more than 3 years)

    Pros

    Huge earnings potential. Ability to offer many lines of business. Great starting point for people with no experience in the industry. Many great training programs. In 2013, ranked 52nd best company (and climbing) for training in the western world! The mobile app is great for doorknocking. You are reimbursed 125% for training that you pay for upon completion (CLTC, lutcf, etc.). Renewals can add up quickly in a few years!

    Cons

    Shrinking lead system. 100% commission can be very scary. People (clients) can be very finicky and resistant to change - even when change clearly benefits them. Some offices are much better than others in developing agents. You have to get good on the phone, no ifs ands or buts. If you aren't getting bonuses you are pretty much wasting your time. The 'agent care' help line can be contradictory with their advice. Very difficult if you are too introverted. The sales branch picks the types of leads that it purchases - often times it was garbage picked over internet leads from over a month ago. You are strictly prohibited from purchasing your own leads!!! Many hoops to jump through in order to stay compliant. You are almost exclusively a captive agent, there are some outside options for term policies, though. You are an agent, not an employee; there are no benefits unless you become a manager. Many, long days and miles needed to get your career off the ground.

    Advice to ManagementAdvice

    The future is coming and I'm not sure how you are going to bring on new people without adequate resources to get them off the ground, let alone sustain their careers. Top Gun is a great, great program (ABU too!). Congrats on investing in your people.

    Recommends
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