Modern Woodmen

  www.modern-woodmen.org
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Modern Woodmen Reviews

Updated August 2, 2014
Updated August 2, 2014
38 Reviews

3.9
38 Reviews
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W. Kenny Massey
34 Ratings

23 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    No Idea What They're Doing

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

    Pros

    -You were able to create your own schedule and they were very flexible with accomodating different training sessions.

    Cons

    -The fact they represent themselves as financial advisors is scary. They have no knowledge other than how to talk people up and make them feel like they know what they are talking about.
    -They give no base pay to start out and the training they provide is inadequate.
    -Their business model is to bring in as many people as possible, have them call all their friends and family, and whoever survives they enjoy the roll down from their comissions and who doesn't is not their problem.

    Advice to ManagementAdvice

    Stop tricking innocent people into believing you know what you're talking about. Gain some type of knowledge of what your selling and stop trying to throw the product with the biggest commission at every client no matter their present situation.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Good learning experience

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

    Pros

    Solid conservative well funnded company

    Cons

    Half the normal commissions with very poor lead assistance.

    Advice to ManagementAdvice

    Unless you supply good very fresh leads, you should pay higher commissions or at least a base salary.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Great Company...Client Focused. Good career opportunity especially if you plan to work in the middle America market.

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

    Pros

    Fraternal Company, Good Training for New Representatives, Very Good Corporate Citizen, Supports Representatives Giving Back to Community, Defined Benefit Plan Funded by Company, Excellent Medical & Dental Plans, 401K

    Cons

    Not as much support for seasoned representatives...more focused on newer reps, Relatively low commission rates compared to industry however benefits are good, Annual "Incentive" trip is basically a glorified sales meeting usually in a great location but the time is filled with meetings.

    Advice to ManagementAdvice

    Recognize that established reps need support too, Reduce amount of time spent in meetings at annual conference or stop making reps qualify, Promoting as many Regional Directors as possible doesn't make sense...they aren't the ones producing. Reduce the number of management in the field and increase agent compensation/bonus.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Have acheived many goals while at this company.

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

    Pros

    Fraternalism, financially strong company, agents are active members of local communities, opportunity to make a real difference in people's lives with the financial products and advice we provide, ability to control scheduling and maintain work life balance, Good benefits... includes medical, rx, disability & dental insurance and retirement.

    Cons

    Home office focuses on Management, especially at Regional level instead of sales reps, limited access to underwriters, no vision plan offered, low commissions, limited ongoing training for seasoned reps, limited advancement opportunities.

    Advice to ManagementAdvice

    Have fewer regions and invest the money saved into sales force and managing partners who work recruit, train, and work with reps...examples: Fund admin positions in larger district offices to provide agent support, many of these are producing more than a lot of regions and increase agent commissions.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    If you are attracted to this field of work there is no better place to build from then Modern Woodmen.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Agent
    Current Employee - Agent

    Pros

    MWA is a Fraternal organization with terrific customer loyalty. They have a very solid training program. Their benefits are terrific, especially their health insurance program.

    Cons

    You are paid on by commission, which, for the self-motivated, is actually a plus. It is a big consideration for most folks and should not be taken lightly.

    Recommends
    Approves of CEO
  7.  

    a wonderful experiance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Representative
    Current Employee - Financial Representative

    Pros

    Freedom to set your own schedule and run your own business the way you wish. You are your own boss!

    Cons

    Compensation is not all that great but it's also a very hard position right now with the loss of jobs

    Advice to ManagementAdvice

    Focus more on the financial planning for reps and less on insurance. Modern Woodmen is known as a life insurance company and not a financial services company.

    Approves of CEO
  8.  

    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

    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
  9.  

    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

    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
  10.  

    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

    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

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