Bankers Life Careers and Employment

The training is good for a new agent but don't expect to earn enough to pay the bills or eat. This is a 100% Commision job in which you pay for everything bussiness cards, pens, etc.. also Training Cources and exams for Licences for the right to sell Bankers life products, Sales Leads, E&O insurance. You pay for pretty much everything except the phones and a desk which is coming from your sales etc.Bankers Life in Chantilly has a very active revolving door of Agents who leave due to the lack of income. And Leave the residule business income sold to the branch manager.You are expected to share 50% of your commisions with more senior agents who help you sell on client visits...So your goal is to last long enough so you can leach of the new agents who are trying to start of in the insurance industry...

Agent in Irving, TX

on July 31, 2021

Captive company with no competitive products, structure or culture

Scamming seniors into over priced medicare supplements, life insurance, long term care.... Shady agents, bad culture, limited products, no structure, scripts... Do not waste your time with these unprofessional people.

Insurance Agent in Hauppauge, NY

on July 29, 2021

A tough work environment

Bankers is a place to go when you have nothing left. There’s no base pay, commission only, the leads are horrible. It is basically cold calling all day. Depending on the sales you have that week you can make $0 per week -$Unlimited. But the average is $500-$1000 a week for veteran agents. Rookie agents on the other hand can go weeks with 1 or no sale and no real help is offered. So upside is that some commissions you can get are very high in the multiple thousand dollar range I’ve seen as high as $30,000 on one sale. So if you can make sales to individuals 65 and over cold calling. Bankers is the place to go. But if you’re a regular individual curious as to what is in store for you. It is years of struggling to get started. Little to no training after entry level training just to get hired. Bankers just hires people to make their quota every month. The more people they have come in, the more money the office gets to spend on whatever they want. And 9/10 times it doesn’t benefit you.

Top Talent Acquisition in Greensboro, NC

on July 19, 2021

Fun place to work with lots of incentives!

I have been working with Bankers Life since November and continue to be impressed with how this company operates. There is a very team oriented culture and I never feel bad asking questions about things I don't know. The company covers pretty much all out of pocket costs for their agents - except the licensing process with the state (even though there is a 1/2 reimbursement the company offers towards licensing expenses too.) I would say the hardest part of the job is getting licensed with the state. Once you are licensed and come aboard, their mentorship and training program takes care of the rest. The most enjoyable part of the job would be helping families in their retirement planning - knowing you are making a difference.

Insurance Agent in New Bern, NC

on July 19, 2021

Great company to work for!

I have had a great experience working for Bankers life. The training they give cannot be compared to any other company! This is a great opportunity if you're looking for a career!

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Questions and answers

People have asked 277 questions about working at Bankers Life. See the answers, explore popular topics and discover unique insights from Bankers Life employees.

If you were in charge, what would you do to make Bankers Life a better place to work?

Is this commission based? Is there an hourly salary?

What is the best part of working at Bankers Life?

Is this commission based? Is there an hourly salary?

Is this a commissions pay job?

Do you pay for your training?

How long does it take to get hired from start to finish at Bankers Life? What are the steps along the way?

Do you pay for your training?

Do you get paid while training?

So, Is this like door to door sales? Where you drive to a town and knock on random peoples door trying to sell insurance to them?

Is this a commission only job with no benefits.

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Interview insights

Insights from 286 Indeed users who have interviewed with Bankers Life within the last 5 years.

Average experience

Interview is easy

Process takes about a day or two

Interview Questions

They didn’t ask questions in the Zoom call group interview, it was just the branch manager talking the whole time.

Shared on August 4, 2020

They never actually called.

Shared on April 5, 2020

After seeing what we are about, Why should I hire you?

Shared on March 30, 2020

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What’s it like working at Bankers Life?
Published on May 24, 2021