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Bankers Life Insurance Company salaries
Bankers Life Insurance Company salary estimate
$50,274yearly
Exploring Bankers Life Insurance Company Salaries
Bankers Life Insurance Company maintains an average salary of $50,274. This figure represents the total annual compensation, reflecting various job roles, locations, and experience levels. The company operates in multiple states, allowing employees to benefit from location-based salary adjustments.
Potential employees should consider factors such as specific job titles and departments. For example, roles in sales and management typically offer higher compensation. Additionally, understanding how salaries compare to competitors can provide valuable context for applicants. By analyzing these details, job seekers can gauge their earning potential and make informed career decisions.
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Average Bankers Life Insurance Company salary by state
Bankers Life Insurance Company pays the highest salaries in California due to higher costs of living and competition in the state.
| Rank | State | Average Bankers Life Insurance Company salary | Hourly rate |
|---|---|---|---|
| 1 | California | $58,660 | $28.20 |
| 2 | Illinois | $54,403 | $26.16 |
| 3 | Arizona | $51,625 | $24.82 |
| 4 | Indiana | $51,369 | $24.70 |
| 5 | Georgia | $51,260 | $24.64 |
| 6 | Florida | $49,139 | $23.62 |
How much does Bankers Life Insurance Company pay by location?
Highest paying Bankers Life Insurance Company locations
| Rank | Location | Average Bankers Life Insurance Company salary | Hourly rate |
|---|---|---|---|
| 1 | Worcester, MA | $61,414 | $29.53 |
| 2 | New York, NY | $61,370 | $29.50 |
| 3 | Washington, DC | $60,677 | $29.17 |
| 4 | Camden, NJ | $59,502 | $28.61 |
| 5 | Danbury, CT | $59,413 | $28.56 |
| 6 | Spokane, WA | $59,238 | $28.48 |
| 7 | Los Angeles, CA | $58,618 | $28.18 |
| 8 | Concord, NH | $56,848 | $27.33 |
| 9 | Warwick, RI | $56,253 | $27.04 |
| 10 | Burlington, VT | $55,684 | $26.77 |
| 11 | Minneapolis, MN | $55,679 | $26.77 |
| 12 | Frederick, MD | $55,469 | $26.67 |
| 13 | Chicago, IL | $54,612 | $26.26 |
| 14 | Salem, OR | $54,468 | $26.19 |
| 15 | Denver, CO | $54,245 | $26.08 |
| 16 | Philadelphia, PA | $54,116 | $26.02 |
| 17 | Grand Rapids, MI | $53,900 | $25.91 |
| 18 | Madison, WI | $53,792 | $25.86 |
| 19 | Bangor, ME | $53,676 | $25.81 |
| 20 | Norfolk, VA | $53,466 | $25.70 |
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Bankers Life Insurance Company salaries by department
Salaries at Bankers Life Insurance Company vary depending on the department you work in. Bankers Life Insurance Company salaries in the engineering department are the highest with an average salary of $88,778. Employees in the it department at Bankers Life Insurance Company receive relatively high salaries as well, with an average salary of $75,689 per year. Departments that don't pay as well at Bankers Life Insurance Company include the customer service and the administrative organizational functions, with employees earning average salaries of $35,189 and $39,560, respectively.
Average Bankers Life Insurance Company salary by department
| Rank | Department | Average Bankers Life Insurance Company salary | Hourly rate |
|---|---|---|---|
| 1 | Engineering | $88,778 | $42.68 |
| 2 | IT | $75,689 | $36.39 |
| 3 | Finance | $59,002 | $28.37 |
| 4 | Sales | $52,934 | $25.45 |
| 5 | Administrative | $39,561 | $19.02 |
| 6 | Customer Service | $35,189 | $16.92 |
Bankers Life Insurance Company competitors’ average salaries
Average salaries at Bankers Life Insurance Company competitors, like NGM Insurance Company, Inc., Combined Insurance, and Symmetry Financial Group, vary. NGM Insurance Company, Inc. employees earn the highest salaries, with an average yearly salary of $73,833. The average salary at Combined Insurance is $65,898 per year, and the average salary at Symmetry Financial Group is $65,049 per year.
Highest paying Bankers Life Insurance Company competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | NGM Insurance Company, Inc. | 4.5 | $73,833 |
| 2 | Combined Insurance | 4.9 | $65,898 |
| 3 | Symmetry Financial Group | 4.0 | $65,049 |
| 4 | National Agents Alliance | 3.9 | $62,175 |
| 5 | New York Life Insurance | 4.5 | $62,006 |
| 6 | Asurea | 4.6 | $59,334 |
| 7 | Transamerica Corporation | 4.1 | $58,757 |
| 8 | American Income Life Insurance | 4.2 | $56,550 |
| 9 | Lincoln Heritage | 4.7 | $54,418 |
| 10 | Freeway Insurance | 4.7 | $53,926 |
| 11 | LIFE & HEALTH UNDERWRITER | 3.5 | $53,711 |
| 12 | Lloyd Agencies | 4.0 | $53,560 |
| 13 | Monumental Life Insurance | 4.1 | $52,425 |
| 14 | Answer Financial | 4.4 | $51,049 |
| 15 | Liberty Insurance Agency | 4.6 | $50,532 |
| 16 | United Insurance Agencies | 3.4 | $50,223 |
| 17 | Aflac | 4.4 | $49,956 |
| 18 | GEICO | 4.1 | $44,417 |
| 19 | Fred Loya Insurance | 4.1 | $39,513 |
| 20 | Farm Bureau Insurance | 4.3 | $37,853 |
Recently added Bankers Life Insurance Company salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Insurance Agent | Lubbock, TX | 06/28/2025 | $41,000 |
| Life Health Insurance Agent | Savannah, GA | 06/26/2025 | $100,000 |
| Financial Advisor | University Place, WA | 06/24/2025 | $80,000 |
| Insurance Sales Agent | Tacoma, WA | 06/24/2025 | $75,000 |
| Insurance Agent | Florence, SC | 06/24/2025 | $41,000 |
What employees say about salary at Bankers Life Insurance Company
Some of the Pros at working at Bankers Life Insurance Company is that they are very supportive of their new agents. Their UFT's make sure that they fully educate their new SNA's. They offer bonus opportunities to make extra money. They provide leads and encourage Saturdays to door knock and have call blitzes.
Some of the cons are you really don't make a lot money at first. As an example. I have worked around 50 hours per week equivalent to the commissions I have made so far in the slow season of July: 50 cents per hour. I am being told you don't really learn the ropes until being there for up to 2 years.
Working with nice people there. Everyone is supportive and answer all of your questions as a new agent. There is a one week training provided as well.
I don't know I haven't met them yet
Not sure
I dressed up after I passed my Life insurance test and they took my picture. I did not actually interview until I passed my exam.
Knowing that I am learning about what it is to actually be an insurance agent.
Frequently asked questions about Bankers Life Insurance Company salaries
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Zippia gives an in-depth look into the details of Bankers Life Insurance Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bankers Life Insurance Company. The employee data is based on information from people who have self-reported their past or current employments at Bankers Life Insurance Company. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bankers Life Insurance Company. The data presented on this page does not represent the view of Bankers Life Insurance Company and its employees or that of Zippia.
Bankers Life Insurance Company may also be known as or be related to Bankers Insurance, Bankers Insurance Company and Bankers Life Insurance Company.