The complaint has been investigated and
resolved to the customer's satisfactionResolved Bankers Life and Casualty — scam or fraud
resolved to the customer's satisfaction
Just so you can understand the breadth and extent of this scam, let me tell you about Bankers, and more importantly, a company called First LA Media, which is the company that calls people up trying to set up interviews for Bankers. HOW do I know about this? Until yesterday, I was working for FLAM. I was a manager.
So here is what I've gathered about Bankers. Go ahead and read the review right below me. Yes, it's true, they've been in business for over 135 years, have over 250 nationwide branches, over $14 billion dollars in assets. BUT. Here's their business model:
You'll get to the interview. It'll be a group interview, and boy do they love numbers. For good reason too, because from the research I've conducted on Bankers, you'll be so surprised to find out that, the ONLY position they're hiring for is for SALES people. Yeah they'll call you up (as I've done so so many times), and they'll tell you they're hiring for Managers, Management trainees, and Sales reps. That's simply not the case. They just happen to be looking for SALES people, and more specifically, sales people that have Management experience.
The "interview process", not the Hiring process because there is not really much difference, WILL TAKE TWO HOURS.
But here is Bankers business model that has made them so successful. You'll get hired on, just like any sales job, they'll give anyone a chance. But, here's where YOU get screwed. The position is a COMMISSION ONLY job. So in addition to having to pay $800 bucks out of pocket to go get schooled and licensed to sell insurance, you better expect to "deliver results" for 2-3 months without any kind of pay coming in. BUT here's there business model: They're hoping you can't make it that long, so that Bankers can confiscate all those new accounts you've gone out and sold, so they can put them (and the commissions you'd be entitled to otherwise) underneath the Bankers general ledger.
Oh, and by the way, the hiring manager gets kick-backs off the salespeople that he hires. THAT is why there are such large numbers of people being interviewed and hired. His name, for the Chatsworth and North Hollywood locations is Saeid Khadivian. His name for the Palmdale and Pasadena locations is Derek Serrano. His name for the Bakersfield and Pismo Beach locations is Jeff Hood.
This is a very lucrative hustle for these hiring managers. And for Bankers, for that matter. OBVIOUSLY.
But now let me tell you a little something about First LA Media, which is the company I was working for up until yesterday, which, by the way, lied to me all the way from when I applied to the job.
They hired me on oDesk.com, promising that "Over $10/hr is possible for the person who can deliver results". That's a lie. Upon hiring, I was forced to sign a contract that stated I needed to get at least 8 show-ups a week to receive $10 per show-up, and anything less would be $5 a showup. And upon fire or quit, there's a clause in there where he won't pay anything.
By the end of the first month, I was their #2 agent, with 30 showups for that week in question, but I had a total of 80 showups for the MONTH.
Now let me tell you, I was about to quit after the second week, which, by that point, I only had less than 10 showups. But I think they knew, so they announced some Project 200, which is a project to get their agents making at least 200 dollars a week. And at the end of the project, we were told we'd be hired on as managers, get payed salary + $3 commissions off the salespeople underneath us for each of their showups. That was not the case either. Upon making it as their #2 agent, yes I was promoted to manager, but salary? NO. $3 commissions/agent's showups? NO. $1 commission/showup/agent. AND I still had to somehow find time to make my own calls. SO essentially, they wanted someone who would make sure the agents underneath them had new leads to call on, do conference calls and coaching three times a day with, manage all their backend administrative work, BUT they didn't want to pay anything for it. Those job functions required about 80-85% of my time.
Where is the humanity in this world? I don't think you'll find any @Bankers, and I know for FACT that you won't find it @FLAM.
amicable settlement has been offered. letter of agreement was provided and signed by attorney and notarized. videos thru youtube has been deleted and no info should be shared after this was settled.
More Bankers Life and Casualty Complaints & Reviews
- Bankers Life and Casualty - It's true they are crooks
- Bankers Life and Casualty Company - Get ready for the run around
- Bankers Life and Casualty - Scam
- Bankers Life and Casualty Company - Hiring Practices
- Bankers Life and Casualty - Lies and Deceit
- Bankers Life & Casualty - Deceit
- Bankers Life and Casualty - Unsolicited Recruitment Practices
- Bankers Life and Casualty - Be careful
- Bankers Life & Causality - Call and interview are misrepresentations ~ not true !!
- Bankers Life & Casualty Company - life insurance