Agent - Insurance Agent Bankers Life Employee Review

1.0
23 Nov 2015
Recommend
CEO approval
Business outlook

Pros

there are no pros. the whole business model is based on misinformed employees that think they have a future but quickly learn (or dont) that they dont.

Cons

Pyramid Scheme. They claim you make 20,000 your first year and then 50, 75 and 100k by accumulating commission but in reality your numbers don't match up and the small number of people still remaining over 3 years still seemed to be broke and struggling to get by. i had the top sales many months and couldn't afford rent. after 3 months and you are a successful new agent thats when its the hardest. They make you pay for recycled leads just so they can take all the good ones and feed you motivational videos to cloud your judgement. Also you have to think about saving for taxes. this will be a few thousand depending on how much you make. so really your first year you will be lucky to make 10,000 after paying for gas and everything.

Explore other reviews about Bankers Life

5.0
6 May 2026
Recommend
CEO approval
Business outlook

Pros

Friendly staff and good atmosphere

Cons

I don’t have any cons.

5.0
26 Apr 2016
Recommend
CEO approval
Business outlook

Pros

Bankers provides award winning training, an elaborate product portfolio and a rapidly growing market. They leverage cutting edge technology: contact and LEAD management, electronic business submission, an incredible proprietary mobile application. I have 11 companies I can be appointed with - making sure my clients get the best program for what they NEED. A great opportunity to receive great training, work with great people and make a great living, all for helping people.

Cons

This opportunity is just that, an opportunity. Those who don't take advantage of it won't think it is a good one. Even successful people deal with a ton of rejection, thick skin is needed. With a 40% closing ratio, I still hear "No" more than "Yes".

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