South Pasadena, California
5K views 53 comments
Not resolved

One big pyramid scheme.Say they find your resume online.

Related: Bankers Life And Casualty Company - Interview Scam!!!

Tell you that you are what they are looking for. Get you in to one of their big group interviews; it's really a group seminar to sucker you all in. See who they can sell and convince to accept the job. Go through the state test, etc.

Keep going to their BS weekly meetings. Try to seduce you in to their money making agents (it's usually their best friends or managers putting up the numbers), those that are receiving the "real" and "good" leads behind closed doors. I was led to believe there are only one type of leads (recycled for years and same leads they give to all local branches), but in reality there are 6 or 7+ different type of leads. I found out when I accidentally read one of the managers emails (she logged in and forgot to log off), where one sales agent was asking for all these types of leads.

Now do you call this fair and ethical? I don't think so. I saw so many people come and go in the few months I was at this BS of a company. Their VP, Bill Klein, he got to where he is today because of the hundreds and thousands of people he's scammed in his tenure with Bankers Life and all the Managers and Regionals that work for him.

One big scamming party. Remember BS scams like Or World Securities? All big frauds and scammers.

Get you in to their who-ra seminars, post up all the eye candy million dollar figures and top sales people, and then sucker you all in, one by one. When you have made no money and forced to resign, they already made money from you and everyone you convinced to sign up.

That's how Bankers Life and all of their partners, associates and affiliates work.

Review about: Life Insurance.

Review #323146 is a subjective opinion of a user.

Reason of Review / Monetary Loss Not specified / $100
Preferred solution Not specified

Had an Experience with Bankers Life And Casualty Company?

Write a review


Comment as anonymous or
Terms of Service
Post Comment

I just scheduled an interview with this company and something a little fishy right off the bat.

I was contacted because I posted my resume on, and they requested a physical copy of my resume.They just saw it on Indeed, so why do they need a physical copy?

Do they not have printers?

Seems like a small detail, but it was enough to prompt an investigation into what their image as a business is.

Glad I did. I've already suffered one pyramid scheme, I refuse to waste time on another.

Any job that offers commissions is fine, but if your income is 100% based on commissions odds are it is a scam and/or not worth your time or investments.

Job security is a huge issue these days, as well as being paid enough to avoid poverty, and Banker's Life appears to not offer either.Not reliably, at the very least.

to Anonymous #1211723

This exact same thing just happend to me and i thought the exact same thing.

to Anonymous Philadelphia, Pennsylvania, United States #1269438

I jus got a call today..I have a interview glad i started investigation on thesee people


I have an interview with them tomorrow. Totally going just to yell about how *** they are.

New agent
Michigan, United States #871515

Being an insurance agent is the same as being a realtor.One sells insurance; the other sells homes.

Both require you to be a go-getter and reward you based on your personal performance. Both require expenses and training to get into the field. People spend thousands of dollars in tuition for college, but can't fathom spending a few hundred to get an insurance license?

Being an agent is not for everyone, and just because you refuse the job doesn't mean you are destined to flip burgers the rest of your life.

Some people like having the freedom to hit financial goals and have an income without a cap. You have to be somewhat of an entrepreneur to become an agent. Again - it's not for everyone.

But to say the company is a scam is false.

It's just not your typical job. They pay for production. Why is that so hard to grasp? For people who are great at sales, it's an excellent opportunity.

For everyone else, they're probably better off working by the hour for a paycheck.Nothing wrong with that.

to New agent #871547

Or with a salary, full benefits, paid sick days medical, dental, a work/life balance, etc. Yep, I'll take that and you can keep your insurance sales commission job.

Jacksonville, Florida, United States #863706

It sounds to me like some people just cannot except the challenges of have a real job.With that being said the company has been in business for 135 years.

I guess there is a reason for that. They are part of the CNO financial group, ranked 50 in the Forbes 500 report as the best and safest financial companies in the United States. I guess the world needs burger flippers and ditch diggers too, so that's where these other two people should seek employment.

Good luck in you fast food careers.I love this company and they have become part of my family.

to ashmat22 #863711

LMAO!It never fails.

If someone rejects a loser sales job, the crackpot defending BL will say something snarky about them flipping burgers. I have said this before and will say it again: just because YOU have made bad choices in life and your only options are either a crummy commission sales job or fastfood, that is YOUR reality, not anyone else's! Other people have a real education with real careers and don't have to face the gut-wrenching decision of whether to work crummy sales or flip burgers. I know that is hard to hear Mr.

ashmat22, but it's true.

And you know it.Good luck with your rotten sales job and my advice: until you can better yourself, you probably will earn more money with the fastfood gig.


Where to begin?Have a heartbeat and two legs, you can work here!

Folks, word to the wise, ANYTIME a "job interview" involves more than one other person besides yourself or takes place at a hotel or is worded as an "informational meeting" or "career briefing", run like ***!

It's not about you, your merits, or anything special about you, it's about The Law of Large Numbers and they think if they throw enough frogs against the wall a few will stick!You've got to wonder why a few people in your training after you've been manipulated into "working" there (really, as one friend put it, it's just another form of volunteering!) have thick accents like they barely even speak English (how in the *** are they supposed to understand all the insurance legalese, then???) or are young adults whose only other job was mall retail, then something shady is up!

Kevin Truong

@Gerardo81.I'm sorry to hear that you had the same awful experience.

These guys at Bankers are low life bastards and the whole company should be shut down. I hope the Department of Insurance would investigate how unethical they are and also how they treat employees.

I'm sorry to hear once again, but thank you for writing on my post here and validating what I've been saying all along.

You May Also Like

United Healthcare - Don't get sick if you have UHC! United Healthcare "UHC is fine as long as you don't go to the doctor or need a medication.They should be a circus because..." Read more Broadspire-Fed Ex wouldn't pay damage when renting a tractor Broadspire "Broadsprire - Fed Ex rented a tractor from us for an individual who's tractor was damaged when a Fed Ex truck hit it. They paid the $3000 monthly rent but..." Read more State Farm Insurance - Daughter was hit after she put car into reverse, she maintains that she never moved and stayed in the grass area she was parked in State Farm Insurance "4/29/2017 daughter was delayed leaving work because the school was shut down letting no one in or out until they were told. Once she was released she went to the..." Read more ToCo Warranty - Review in Insurance category  from New York City, New York Toco Warranty "SCAM. SCAM. SCAM. SCAM. SCAM. SCAM. I refused to go further with conducting business with TOCO after reading these disturbing reviews and for the second time I have been harassed..." Read more Calatlantic Homes - Buyer Beware! Calatlantic Landscaping is a big problem! Calatlantic Homes "My wife and I bought a home from Calatlantic in February of 2016 and had generally been happy with our new home - that is, except for the landscaping. About..." Read more Indiegogo - No receive perk as promise Indiegogo "I contribute the campaign since 2015 August for USD 249 paid by PayPal. At the beginning they still active respond for the delay of perk and update some regulation change..." Read more Best Buy - Fraud company Best Buy "I ordered 1 iphone 7 plus 128 gb. Shop kepper by mistake shipped 3 iphone and 1 samsung 64gb 7edge .now he forced me to pay for all of them.I..." Read more Prudential Visas Scam - Beware from big scammer  Prudential Visas Scam "Beware from big scammer - They don’t have valid trade license for immigration activity. - They are not authorized agent for Canada, Australia and new Zealand immigration they even don’t have MARA..." Read more