Efinancial Employee Reviews

3.3
Overall rating
Based on 28 reviews
Ratings breakdown
55
47
39
24
13
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1.0
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Phone skills
BDR2 (Former Employee) –  Seattle, WAJune 28, 2018
Bad Management, and a lot's empty promises. You might do well when new hires are young, irresponsible, and easy to micro-manage . They are bad at training and developing new hires.
Pros
Phone skills
Cons
Bad Management, a lot's empty promises
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2.0
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fun environment, male dominateded
Business Development Representative (Former Employee) –  Rosemont, ILJune 16, 2018
Fun place to work, male dominate. very bias if you ask me. The hours are good, but they are subject to change whenever there is a new hire, the entire BDR schedule will change. Management in the BDR is HORRIBLE.
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4.0
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lots of experience
SENIOR ACCOUNT EXECUTIVE (Former Employee) –  Chicago, ILMay 16, 2018
Great experience you get 20 calls a day. Very weird sometimes they make believe that calls aren't distributed by plan. Try to be friends with management get you a long way there. The place is a money pit they get a bunch of good leads.
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5.0
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Great place to work
Life Insurance Agent (Former Employee) –  Bellevue, WAMay 12, 2018
eFinancial is a phenomenal place to work. Loved it, wish I hadn't left. Pay was the easiest money I've made, for the amount of effort necessary to provide. Leads are provided to you, via live transfers- rather than having to pay for them. Commission (percentage) is considerably lower than the average for insurance agents, however there are a lot of extra benefits that you're given for that trade-off.
Pros
Culture, pay, leadership
Cons
Favoritism, the higher-ups do take certain individual sales agents on golf trips and the like.
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3.0
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Great Money
Account Executive (Former Employee) –  Chicago, ILMay 10, 2018
On a good month you average about 3 to $4,000 however the downfall is leads given to there preferred or favoritism very repetitive you repeat yourself
Pros
Great money
Cons
Best leads are given to senior agents
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3.0
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If you need a job, they’ll hire you
Account Executive (Current Employee) –  Chicago, ILFebruary 15, 2018
Overall, it’s not a bad place to work. The work environment itself is that of a semi-modern office (think Google or Facebook, but not as much money). Laid back environment and dress code (jeans and T-shirt are fine) Managment tries to do lunches or breakfast once and a while. Saturday’s are VERY laid back and are only 2-4 hours. Management is usually always willing to help if you’re struggling, but YOU have to go to them. They won’t come to you unless you did something wrong. It’s a lot of information to take in once you actually start doing sales so pay attention.

For those of you applying for “account executive”, that will not be your official title. Your official title is BDR which means you’re in the office for 8-9 hours a day taking in anywhere between 150-400 calls transferring warm leads to an agent to close the deal. This is where they (and you) learn if you can overcome objections. If you keep your metrics up, they will pay for your classes and your licenses to sell life (and technically health) insurance. Then if you pass all that, and your numbers are still good, they move you to the first level of being able to sell. These are all senior citizens or people with some kind of attribute that they wouldn’t qualify for a high amount of coverage AND you’re still doing transfers. If you do well there you’ll get moved up to the next level which is selling only. No transfers. If you do well there THEN you get moved up to be a senior agent. You get access to way more policies to sell, but it’s still a lot more information to learn.

However, if you don’t move up, they’ll
  more... just keep you where you’re at because they need people transferring. Even if your metrics aren’t up, you won’t get fired. You have to be doing REALLY bad for a while to get fired. Or do something that breaks a law.  less
Pros
Guaranteed $14.42/hour 40-50 hour weeks, benefits are pretty good, parking garage w/ car wash
Cons
Metrics are a big deal, even warm leads can suck, customers like to yell for the DUMBEST reasons
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3.0
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First job in life ladder
Life Insurance Agent (Current Employee) –  Bellevue, WADecember 19, 2017
I didn't choose this as my first choice in a career choice or change, but the experience helped me to expand on a new career path outside of real estate and mortgage sales. Good option for those coming straight out of college to build experience from.
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3.0
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Not as Advertised
Sales Representative (Former Employee) –  Chicago, ILDecember 5, 2017
Not as advertised. licensed and then you have to compete with your co-workers in order to move to able to sell and make commission. Do not be fooled, you will be making less than 30,000 a year until you are green lit to start selling and that could be over a year.
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3.0
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Great Appointments
Account Executive (Former Employee) –  Chicago, ILNovember 6, 2017
EFinancial provided the agents with leads in a call center environment. Through EFinancial I was able to be appointed with multiple companies in different states.
Pros
Direct Deposit
Cons
Short Breaks and no advancement opportunities
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2.0
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Favorites in management
CERTIFIED LIFE INSURANCE AGENT/BROKER (Former Employee) –  Chicago, ILSeptember 21, 2017
If you weren't friends with management, it was tough to move up in the company. Always asking to work 45-50 hours a week. Very hard to advance in the company
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5.0
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Account Executive
Account Executive (Current Employee) –  Chicago, ILAugust 22, 2017
Started off as a Business Development Rep which is standard across the board. I like this approach because I was able to learn an entire new business instead of being thrown into a whole new industry and expected to sell from the start like my last job. Managers are great and coach you up really well and cash contest are always fun. They like to buy lunch for the sales floor a lot we had wings for national wing day a few weeks ago.
Pros
Lunches and a awesome commission structure
Cons
30K base but you also make easily 7-10 k in commission to make up for it
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1.0
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You are not being hired for the listed job
Sales Associate (Current Employee) –  Bellevue, WAAugust 16, 2017
The job is for answering phones at their call center, if you do well in that position you can be promoted to the position they are advertising. They pay $14 a hour.
Pros
please see cons
Cons
They are lying to you from the start
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3.0
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OK place to work
SENIOR SALES CONSULTANT (Former Employee) –  Bellevue, WAJuly 11, 2017
The atmosphere is pretty good. Management could use some improvement in continuous training and managing people to their strengths. At a brokerage, they expect you to push one specific company and one policy in particular to the point that if you don't sell enough your compensation and job will be affected. Compensation has been changed every year, a little at the time, in favor of the company but overall compensation in not too bad.
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4.0
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Good pace to work but not much advancement opportunities unless for sales.
NEW POLICY COORDINATOR II (Current Employee) –  Bellevue, WAMarch 26, 2017
Good place to work for. Great benefits just not many advancement opportunities unless you want to work for the sales department or sale retention. Management is flexible and understanding and works with you on every situation. Overall I enjoyed my time at efin.
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3.0
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Good company
Life Insurance Agent (Current Employee) –  Chicago, ILMarch 7, 2017
My experience at Efinancial has been good. I would have never ventured into Life Insurance any other way. It's more suitable for someone that doesn't have a family.
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4.0
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Great place to learn the different nuances of the insurance industry
Senior Account Executive (Current Employee) –  Bellevue, WAMay 9, 2015
Great company with lots of training tools to ensure employees are successful. Results driven fast paced sales environment.
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3.0
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Good pay if you keep your head down
Senior Licensed Life Insurance Agent (Current Employee) –  Chicago, ILMay 5, 2015
This job is all about being available once you're in a sales role. At that point every part of your day is monitored and timed, including bathroom breaks. A lot of turnover due to a lack of training and a lot of your success can depend on who your manager is and what kind of leads your are given.
Pros
Commission and they pay for your licence
Cons
Micromanaged and you can't control your success
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2.0
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fun work environment
Business Development Representative (Former Employee) –  Chicago, ILNovember 9, 2014
a lot of incoming calls, training too long to become an agent, management not particularly organized.
Pros
flexible hours
Cons
work weekends required
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4.0
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Summary
Reporting Analyst (Current Employee) –  Bellevue, WAOctober 19, 2014
The culture at Efinancial has improved noticeably after some management changes. Although the improvement is welcomed, the lack of compensation improvement is disheartening.
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5.0
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Excellent company to work for
Senior Sales Executive/Sales Broker (Current Employee) –  Bellevue, WAMarch 22, 2014
Efinancial is a great company to work for to gain initial knowledge and exposure into the life insurance industry. Great training and support from management.
Pros
Great company morale
Cons
None
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