Modern Woodmen

www.modern-woodmen.org

Modern Woodmen Reviews

Updated December 20, 2014
Updated December 20, 2014
42 Reviews
3.7
42 Reviews
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W. Kenny Massey
35 Ratings

17 Employee Reviews Back to all reviews

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  1.  

    The best job and most fulfilling experience I have ever had

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Cary, NC
    Current Employee - Financial Representative in Cary, NC

    I have been working at Modern Woodmen full-time (less than a year)

    Pros

    My favorite parts of working for Modern Woodmen are:
    1. Working with people and helping others
    2. Education: Modern Woodmen pays and encourages continuing education and training, monthly, quarterly and annually to enable the sky as the limit as far as your financial education and practices go.
    3. Flexibility: I am an entrepreneur and business consultant. I run a start-up, consult other business owners and entrepreneurs and it all rolls into my practice with Modern Woodmen. I am able to run my start-up, help others with their business practices, while at the same time, assisting them as clients with growing, protecting and properly planning their personal, family and business goals.

    Cons

    The only two cons I have seen at Modern Woodmen is:
    1. Not having a base salary. There is a $2,000 draw that you are eligible for, where you can receive $500 every Friday to keep you rolling. This is credited to your account and as you close sales, your commissions will repay the draw.
    2.BDA (Business Development Allowance): Your first 2 years you are eligible for BDA Bonuses, but they are capped out at $2,000 per month. They are 50% of your commissions, so, for example, if you do $10,000 in sales in one month, you will receive $5,000 in commissions. The BDA will give you 50% of your commissions, in this case $2,500 would be your BDA for that month. Since the BDA caps at $2,000 per month, your $2,500 BDA this month will only pay $2,000, the other $500 will roll over to the following month. The following month, you will receive the $500 BDA. Now, if you continue to hit over the $2,000 BDA every month, then it will keep rolling over. This is a good problem to have, but on the con side, if you make $20,000 in one month, you will not receive all of your bonus credit that month. On the bright side, this can be used sort of as a "Paid vacation" where if you have BDA rolling over every month, you can take a month or two off and still receive your $2,000 BDA that have been rolling over every month.

    Advice to ManagementAdvice

    Set up a draw for new agents early on. Having access to capital will make agents more mobile and more confident. Since it takes a few months to settle into this new, amazing, career - having access to this capital without worry will lower stress and make the transition easy, showing higher results early on. I can not speak for all regions, but our region in Cary, NC has amazing company cultures. The company, as a whole, being Fraternal has amazing benefits and company culture. The Cary, NC, Doug Polk region has amazing management, company culture and open door policies that have allowed me to come in, get out of previous debt from a failed start-up and become the highest selling agent in the region, in just 3 months. In November, 2014, I received an award for the most business done in the nation. In August, 2014, when I entered, I was in debt $10,000 and had a rough start. They listened to me, put faith in me and gave me the resources and confidence I needed to now be the highest selling agent in the nation for the entire company, last month. This month, my numbers are even higher and we still have one week left. I hope to accomplish this award every month, but so far, I know I will have it at least 2 months in a row and that is greatly related to the training and values I have learned from our management team. This is my dream career and I will be doing this for the rest of my life, I know that because I love the job and the people. I know I will be happy here for a very long time and I trust my family and friends to be invested in this company, as well.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Working for Modern Woodmen of America has been better than all the other insurance companies I have worked with.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Nashville, TN
    Current Employee - Financial Representative in Nashville, TN

    I have been working at Modern Woodmen full-time (more than a year)

    Pros

    Besides having great products to offer my clients, Modern Woodmen is a fraternal company which provides $30 million every year for us to use in our communities. This is great fir the communities, our members, and has the effect of great marketing for us.

    Cons

    There are some additional products I wish we had to sell.

    Advice to ManagementAdvice

    Listen to the field reps for new products to meet market demands.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    After one year with Modern Woodmen, I find it an outstanding company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Registered Representative in Pittsburg, CA
    Current Employee - Registered Representative in Pittsburg, CA

    I have been working at Modern Woodmen full-time (more than a year)

    Pros

    The focus of Modern Woodmen is to help its members. Other financial firms are many times only concerned with selling. The clear message in everything about Modern Woodmen from the top down is this. The more you help people (by working hard, being honest and treating everyone with dignity and respect) the more you will get in return. The fraternal side of MWA is a huge asset to both it's sales force and it's customers. If you're not familiar with the "fraternal" aspect of Modern Woodmen, do some research. I've found the right place to work.

    Cons

    As is the job of selling financial intangibles, you have to work hard and put in the hours. There is a lot to learn and you must do it on the run. As for cons, relative to any other financial service job or company, none come to mind.

    Advice to ManagementAdvice

    Management is open to conversation and quick and willing to give help and advice. My only comment would be to keep it up. Their dedication to keeping MWA members (and me) happy is a wonderful thing.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Financial representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Carmel, IN
    Current Employee - Financial Representative in Carmel, IN

    I have been working at Modern Woodmen full-time (more than a year)

    Pros

    You get paid based on how hard you work. Benefits are out of this World. I have a pension and they pay for all of my health insurance. I get to give the companies money to the communty as a way to advertise myself. Unbeatable products.

    Cons

    You get paid for how hard you work. nowhere to hide. takes someone who really wants to be successful, not just do “ok”

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Fraternal Benefits for members outstanding

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Sacramento, CA
    Current Employee - Financial Representative in Sacramento, CA

    I have been working at Modern Woodmen full-time (less than a year)

    Pros

    Great support form everyone, the support we receive to give back to communities is awesome. Technology is up and coming, lap top with everything needed.....so much more

    Cons

    No financial support until you receive your license and become an active agent. Need several successful appointments to qualify for Financial support every month.

    Advice to ManagementAdvice

    Once agent passes exam and finger printing Modern Woodmen should really give at least a couple grand to agents to help for at least first 6 months, and training should be done at home office as soon as we are licensed not months later. It would really make a huge difference.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Genuine people centered around genuine core values

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Houston, TX
    Current Employee - Financial Representative in Houston, TX

    I have been working at Modern Woodmen full-time (less than a year)

    Pros

    Very rewarding. Amount of effort put in equals the amount of rewards you reap. No salary cap, great benefits, very caring colleagues. There is always someone willing to lend a hand to help. Genuine people that truly believe in the company's core values and principles. Work environment is very different, but positive and motivating, compared to traditional companies. Teaches you to be approachable, but also how to effectively communicate with others. Very flexible schedule; you set your own.

    Cons

    Hard when first starting to build your network and business. Initial out-of-pocket expenses may be higher. Business expense tax write-off only counts for the following year. Lots of travel is involved. Must set own appointments.

    Advice to ManagementAdvice

    For managing-partners, stay supportive to your own representatives. For regional directors, stay supportive and offer words of encouragement to those who work under you. Always work as a team and share experiences to help each other.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Opportunity of a life time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FIN in Lincoln, NE
    Current Employee - FIN in Lincoln, NE

    I have been working at Modern Woodmen full-time (more than a year)

    Pros

    Modern Woodmen rewards good, honest, intelligent effort. I was tired of working for organizations who took advantage of the value that I brought to their business. With Modern Woodmen, I have a great opportunity to better my community, help my clients, and be paid what I am worth. In addition, Modern Woodmen has given me all the tools and training that I need to run a successful business. Having been exposed to several advisors in other regions and the staff at the Home Office, Modern Woodmen is truly an organization that lives up to the high character I expect out of an employer.

    Cons

    Good, honest, intelligent effort is hard to identify. It is a fact that this career path is not for everyone. Within the first few months, our advisors are personally challenged. How one responds to that challenge says a lot about an individual. Unfortunately, the only way to find out is to take that first step.

    Advice to ManagementAdvice

    Who you attract is not determined by what you want, but determined by who you are. Continue to lead with integrity, character, and energy.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Best organization to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Houston, TX
    Current Employee - Financial Representative in Houston, TX

    I have been working at Modern Woodmen full-time

    Pros

    Great benefits. Great to build relationships with clients and co-workers. Success falls on one's own shoulders. No one can cap my income. Gave me the tools to succeed. Has great training program and benefits as compared to other companies in the area. That fact that MWA is a fraternal organization is awesome.

    Cons

    Hard to get started. You have to use own money for necessary business expenses. Takes awhile to be officially appointed with MWA.

    Advice to ManagementAdvice

    Be quicker on new technology.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Pick your own hours, but translates to picking your own salary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Hastings, MN
    Current Employee - Anonymous Employee in Hastings, MN

    I have been working at Modern Woodmen

    Pros

    -you decide when your hours are
    -unlimited income opportunities
    -good support staff

    Cons

    -training was subpar, had to learn how to do things on your own

    Advice to ManagementAdvice

    offer more training to interns, they will end up being the future of your company

    Recommends
    Approves of CEO
  11.  

    a place were self motivated people excel.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Kalamazoo, MI
    Current Employee - Anonymous Employee in Kalamazoo, MI

    I have been working at Modern Woodmen

    Pros

    set own schedule, great income potential, a lot of motivators provided by the company, great training and assistance from co-workers and management.

    Cons

    Long nights, hard to get time off, and missing out on family time very frequently. Looking forward to establishing my buisness so I can enjoy myself a but more. Starting out is difficult but rewarding.

    Recommends
    Approves of CEO

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