Bankers Life
Reviews and Complaints

THIS COMPANY IS A LOW CLASS SNAKE OIL LIEING OUTFIT THAT NEEDS TO BE SHUT DOWN. MY WIFE PUT HER IRA WITH THEM, SET UP MONTHLY DATES FOR AN AN AMOUNT OF MONEY TO BE DEPOSITED TO HER BANK ACCOUNT OUT OF HER IRA ANNUITY AND NOW CANT GET IT DEPOSITED. BEWARE, BEWARE, BEWARE.

As I understand it, the only way to get rejected for an annuity is if Bankers does not, in fact, receive your money. This happens if the institution that held your money before (in the CD) does not send the money to Bankers despite being asked to do so by the customer. Or if the check you give Bankers bounces.

I'd sure like to know what happened here, because this complaint sounds bogus to me.

This same exact thing happened to my mother. They did pay off the claim but then kept the policy open even though my mother has alzheimers & will never have a different diagnosis. They took 3 months of payments automatically out of her account after the policy was already paid! I complained & they said I needed to put it in writing that I wanted the payments to quit coming out of her account & finally got a letter that they have stopped it but then I get a bill in the mail! I faxed them a letter listing me as her POA (they have that info already too) & that we want this policy cancelled. I called to make sure they got the letter & they did but unfortunately I needed to SIGN it. I signed it but was told it could take up to 27 days for the policy to be cancelled. Needless to say I made it very clear that they will not be getting any more money from her! This had my blood boiling!

You should be collecting this insurance not trying to get a reimbursement. That is what Life Insurance is for term or no term.

I may have opinions about the company, but I am thankful I worked there for almost 7 years. I left because I saw the writing on the wall. It is hard, but isn't every six figure income opportunity? 1st year=$49, 000/ 2nd year=$89, 000/ 3rd year=$125, 000 and so on. So it costs $500 to start seems worth it to me. Well maybe not today and with the state of Conseco and all the problems Bankers has had. I am glad I was there for awhile and it helped me in what I do now over $250K Work hard, play hard, enjoy it!

It seems to me that you hit the nail on the head. They are dishonest!

Company officiers lied to me about their complaints committing fraud among other charges as they conspired with employees of the Maine Attorney Generla's office and the Maine Bureau of Insurance! They are the ultimate ###! It would be a mistake to work for them or certainly to consider buying their products.

I was asked to come to an interview with Bankers. I have never done commission sales, and I'm sure it will be slow at first but is this company really fraudulent? I have a decent job with benefits just looking for a change, I need a career where I can get paid to do what I love which is helping people. /CONFUSED/

Spooky you don't get out much. Bankers has THEE worst commission rate in the industry and they have poor quality products. I'm glad you're making a good living, but you cannot be making a fantastic living be cause we all know what Bankers pays and how their products keep getting replaced with other companies that offer better coverage and much lower rates. It's a fact plain and simple. I've hired many Bankers agents who cannot believe how much better they are doing with other companies.

Bankers is a great company to work for. It has changed my life. The company offers products our seniors need. I believe in every product they offer wholeheartedly and have recommended them to my own parents. Those of you posting negative comments about working for this company are lazy and were unsuccessful because you did not put the work in that is required. Nothing is handed to you. Bankers offers a great career while helping the most vulnerable, our seniors! I was taught from the first day of trianing that the senior population is too be respected and that they are responsible for making our Nation as great as it. anyone who says differently is lying.

Bankers has the best., I will say it again, the best commission rate in the industry. That is how they attract quality individuals. The company wants winners. Winners expect to be paid more for their efforts. Obviously you have not been employed in the insurance industry before. What other company rewards effort, compliance, and personality more. What other career could you be in, where having a Master's degree or High School diploma matters little. All that matters is that you have a passion for helping seniors and doing the right thing!

Someone at work told me these comments were being posted about BANKERS. I read some of them and then went to bed; however, I could not sleep thinking about what was being said. These are LIES. I was also scared and had never even considered a career in commission sales never mind insurance. Let’s face it insurance salespeople have TERRIBLE REPUTATION. I can tell you this; I made it very clear I would never be a car salesman to my Manager. He assured me I would never be expected to act like a "sales person" and I never have, not one day. I have made A FANTASTIC LIVING WORKING FOR BANKERS and have never questioned my ethics which is more than I can say for another company I have worked for. And I can honestly swear that I have worked for a few companies in the past that have influence every one of your lives. I would say to him that if he has a passion to help seniors and he is dedicated to making himself a success he should go for it. It takes very hard work, self discipline and trust in one’s self. Yes it is slow to begin with which can make or break a new agent. I can't even tell you how scared I was or how little I knew of the Company, but I saw the passion in my Managers and co-workers eyes and I knew I had finally found my place. I go to bed every night feeling great knowing I helped a member of my community. I love the elderly and for me there is no greater reward; however, I have always been a single mom and now I can finally support my child by myself. It no longer matters whether my ex pays child support. Thanks to Bankers I can do it on my own. I have a Master’s degree and know what it is like to struggle and thanks to Bankers and my hard work and passion it has finally paid off. If he is passionate about what he is doing, works hard and does not give up he and his family will be rewarded. I make more money than I ever thought possible while doing a great service. What more could you want!

bankers is a great company to workfor. it is absolutely not a scam. they offer product our seniors need. Working for this company changed my life.

If a policy has been approved money is never "returned" especially if you cancelled it when it was approved.
The only time it is returned is if you were declined for medical reasons or if you withdrew the policy (cancelled policy before the approval date, which is usually in the first 30-45 days)

I am sorry you had a rought time. Some agents can give a bad name to the entire insurance industry

**note'** I don't work for Bankers life or have any affiliation with them in an way shape or form. I do work for another insurance company though

Again, I apologize for your unsavory taste in your mouth, I wish that all agents were more ethical

I worked at Bankers Life for about 10 months and your nor kidding! I was later told by agents at other insurance companies THIS THE WORST INSURANCE JOB TO START AT ! I was left to disappointed that I have not tried with any other company thus far.

When something sounds to good to be true is because it properly is. I'm a college student and when I heard about this job at first I was really excited, the only thing through my mind was 'omfg i could pay my college tuition' but when i researched this company and read so many complaints from both clients and former employees it changed my mind. I choose being job less than working in a company where i will only suffer instead of gaining

My wife moved from Assisted Living to a Nursing Home on July 16, 2010. When the check hadn't arrived, I called and emailed the Branch Manager. He said someone in their home office had called the nursing home and requested documents, but no answer had ever been received. The nursing home had no record of any such phone call, and of course would not send out such documents without a request by fax or mail. I finally got a list of the three documentations they needed, and had them faxed to Bankers Life on Sept 3, 2010. They have been telling me one lie after another ever since. Here it is the 22nd of October and they have not paid for the last half of July, all of August, and all of September. They have this cute way of back dating things to make it appear that they handle things efficiently. I recently received a letter from them dated 21 days earlier. Mail normally reaches me from Chicago in 4 days maximum. If you have a choice, avoid this bunch of cr0oks completely, please be forwarned.

My heart goes out to you my dear and anyone who has suffered as you have and more importantly under BLC's watch.
You saved me, thank you for taking time.
Tim

You saved me. tyvm^^
Daniel

I have been working through claims to get my moms assisted living paid for. She was admitted June 4th. I was told she must complete a 90 day at home health assessment before entry into assisted living. She received care for 6 months. When I submitted the documentation and notes I was told it had to be 90 visits not 90 days in service. So my poor dad has paid 2 months out of pocket and about to be pay a 3rd month. They wont reimburse for June and half of July because she didn't meet the 90 day requirements. I have never been so upset to the point of an ulcer with any company in my life the way I am with bankers Life. If anyone you know bought a long term health care plan, please advise them to cancel it before they are too invested. it has turned out to be useless after 20 years of payments.

I was given the incorrect information about my policy #. Banker's Life could not find it and gave me the run around for 2 weeks. I also found out that BL will not release money to a family member that cared for her father. He died in 2011 and they have yet to release the funds to her as she is the beneficiary. I cancelled all of my policies today and asked that my account not be debited.

Banker Life has to be the worst ever, when trying to file a claim for my 91 year old Mother who had been paying her Policy for 25 years, I was told they woulden't cover her assisted living cost because in 1989 when she took out the policy there was no such wording, Nursing home only. After fighting with them for over 6 months, we finally got them the start paying for her care. But they said her LONG TERM CARE POLICY would only be covered for 3 yrs total., and not one penny more. So had to fight with them every single month to get a check, they kept adding on, saying they needed more information, It was something different every single month. Soooo here it is the last month of her 3rd year, and they sent me a letter saying they once again needed more information once again. So I had the director from the assisted living call them (they were on speaker so I could hear) they said they tried making contac numerous times and were unsucessful, ( which was a lie) and they would process mothers check and it would be 8 - 10 working day before we would get it. The director asked if there was any thing futher they needed, and they said no they had everything they needed to process the claim. TODAY (10 days later) I get another letter saying they needed futher information in order to process the claim. They are terrible, trying to keep monies from a elderly person, that she is due. The worst service EVER, they have been a nightmare from day one. PLEASE NEVER TAKE OUT ANY KIND of service from them, you will be sorry!

I had a very similiar situation occur. Stay away from this company! Bankers Life should be called Bunko Life.

I guess you are in Bowling Green and didn't they have to fire their managers for bad practice. I would not take this lying down. I will help if I can. I also am an ex agent from this company and they are trying to get money from all of us for policies that were cancelled after we quit (supposedly!)

I have witnessed clients being ignored and deceived with managers having full knowlege of it and them doing nothing to stop it or fix it. This is a low rate company!

Stay as far away from that company as possible. Inside Edition will air a report June 11, 2010 showing High Level managers training agents to deceive clients. This high levelguy is a Regional Vice President with the company. Nice leadership Bankers...

Let me guess... you reported to Scott Bogdon. Am I correct? Which KY office were you in? What percentage were you contributing toward to nonexistant leads?

It's a rip off. Prospective Agents, Beware!

"During this time i was promised leads". Yes, leads that you paid for and never got. This is why the managers get to the office early in the morning. To take whatever good leads there are for themselves and give the agents that ones that are aged (30, 60, 90 days or how about the "high potential leads" that have been sitting around the office forever). These agencies that represent Bankers Life and Casualty under various names, and take addidtional money out of the agents pockets also need to be closely looked at. They use the money for office parties, money drawa at meetings, trip to the gambling joints, conventions for the greedy and more. If you're new to the business, you won't be able to detect what is really going on! Prospective Agents, Beward!

My resume got pulled from Careerbuilder and this recruiter called about a position that had nothing to do with the IT jobs I was looking for but being as I was out of work I thought why not see what they have to offer. I asked the recruiter if the job paid benefits and he said it did. He wanted to schedule an interview but said it had to be this one day only, which was a pain because I had an interview scheduled in another state the day before. But I decided to go, so I came back the night before.

When I arrived at the interview site they emailed me. It was an old building and an old bankers life sign was above the door. I walked up the stairs to the interview site and too my surprise the offices were completely empty. A woman and a man were sitting behind one of those rented tables that fold out and they had a paper table cloth that said Bankers Life it. The woman asked me for my hard copy resume and then gave me a piece of paper to fill out.
Just walking into this setting made me feel like this was not right. So I asked the woman isn't Bankers life a big company and she said it was but they were just moving into the area. (Now the sign outside the building door was old, so this was another disconnect). But I went in to fill out the paper work she gave me, and looked at her handouts. I asked is this where the interview was being held, and she said this was just a 1st round interview and it was a group session about the opportunities at the company.

There was another room set up with 20 or so chairs, and a video player. The woman came in and started to talk about the company. Several other people came in, and this one woman was like me a bit surprised at the room setting and the fact that she had been told like me it was an interview for a management position.

Then I looked at the handouts she gave us, and saw they were looking to hire sales agents. But the information appeared to say you would be a contractor for them, and you would have to sign a contract and pay them to work for them. (supposedly for license fees to be an insurance agent in the state of Maryland). At this point I came to the conclusion that this was a real scam. No legitimate business would be asking potential employees for money on the 1st interview.

I got up and asked for my resume back, the woman insisted I give her back the handouts that had her name and information on it and the company name. I guess so I wouldn't have any evidence to give the police. I left feeling violated, and also lied to by whoever it was that called me.

When I got home and searched the internet, and sure enough there were other similar instances reported, where people had gone to successive interviews and each one they were asked for more and more money. Some reported up to $600.00.

If you get a call like this, I suggest you do not go to the interviews no matter how desperate for work you are.

Since Aug 15 after I get a note in the mail saying my agent quiet. There is on one to help me. The funny thing is that they keep taking my money out the bank.

they are charging me more then what i am suppose to pay they charged me $25.37 and it is suppose to only be $23.82 a month this company should be investigated i also have a second policy ad that one is suppose to be $18.77 a month

This is the standard operating procedure for what I call Bunko Life. I struggled with them for almost 6 months.

I just got an e-mail from this company as well. They ..."read my resume on monster.com and decided I was an excellent cadidate for thier company" Mind you, I have spent twenty years as a contractor painter; and in between that I soent 5 years as a line supervisor at a wall board factory. How that equates into selling insurance is beyond me. If they are that hard up to get employees, something is definately wrong.

I just recevied a phone call from Alicia at Banker's life, phone number [protected]. She asked if I would be interested in a Career Briefing next Monday to get to know the company and find out if I was interested in a career with them. She said the times were at 10am and 2pm. Seemed fishy to me so I got her info and told her I'd call her back. You can't be too careful these days.

Hello all

I just received a call from this organization called Bankers.com and they told me about the company and then told me about a position they are offering based on my resume that they pulled from Yahoo Jobs . The representative told me they are looking for motivated individuals to fill these positions I did not ask what positions they were. I felt something was not right but let her tell me that I would have to go out to Middleburg Hts, Ohio for an interview for the positions that are open. I told her that I did not have transportation to get out there and she insisted that she will send a confirmation email for the interview that was scheduled for 3 pm the next day . So I agreed so I can get her off the line and checked them out online and the first search that showed up was Bankers.com scams. So be aware and read the other complaints -they will ask you for money to take the training courses for the sales positions when you go to the interview . I am sure I wont be going based on what I read.

The other comments listed here are B.S. re: "I work with Bankers life...I too posted a resume on career builder and rec'd a call from a solicitor...if you look them up further, you will see that they rec'd citations for calling people registered on "Do Not Call" lists...please note, they called my home phone number which was NOT listed on my resume...when I questioned the man further, stating that this was not a legitamate call re: no where in my resume do I have "banking" experience, why would your "supervisor" want you to call about my resume and why would you call my "home number NOT listed on my resume"? He was flustered and said " if you are not interested, it is OK" and hung up., ...it isn't his fault (I guess) but seriously, it is tough enough having lost a job and seeking a new one...why do people need to "prey" on others...if they call again...I will mention the "citations"...and I will pursue further action...thanks for posting your original and let's hope others learn from our experiences...

I work with Bankers, they are hiring for a sales team in NC, not sure how/where or why you think or were told they are not

I work with Bankers they are hiring in Charlotte NC, not sure how/ehre/why you heard that they have no job openings.