STAY AWAY from Philadelphia Branch - Insurance Agent Bankers Life Employee Review

1.0
27 Jun 2016
Recommend
CEO approval
Business outlook

Pros

You get to keep SOME of the money that you make. Good experience at doing cold calls and working bad leads.

Cons

In Philly, you have to pay 20% of all your annuity commissions to another agent who doesn't work the case with you. You WILL NOT be allowed to use any securities licenses that you have. They will wait until you are hired to admit that you need to get "Bankerized" before you can use them, but they will never define what that means. You will pay $400 a month in rent to work in the office. (it starts at $100 but quickly goes up) Less than 10% of the agents in the Philly branch make anything close to $100K

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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