Modern Woodmen Reviews

Updated November 15, 2014
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W. Kenny Massey
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5 Employee Reviews

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  1. Good Experience

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Modern Woodmen full-time

    Pros

    I increased my communication skill.

    Cons

    It was hard for me to find a client

  2. Helpful (1)

    Sales with little training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Modern Woodmen full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good benefits and potential for great income if you get properly trained on products.

    Cons

    Lack of training on products and services. Must train yourself with little help from management.

  3. Helpful (2)

    Sales

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

    I worked at Modern Woodmen full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Lots of independence and ability to set your own hours. Hardwork pays off sometimes but not always. You must be willing to harass a lot of people before you get a small sale.

    Cons

    Lack of quality training, must learn on the job. To be successful you must work long hours everyday and invest a lot of your own money into gas, client lunches, and advertising.

    Advice to Management

    Invest more time with your field representatives than simple class room lecture and a couple of sales calls.

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  5. Great company to work for, but you must be an insurance salesman.

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

    I worked at Modern Woodmen as a contractor (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    --Great company values
    --Extra (fraternal) benefits
    --Gives back to the communities
    --Unlimited potential
    --Set your own schedule, be your own boss!

    Cons

    Even though Modern Woodmen is a great company with a long track record, it is insurance first, investments later. In other words, you may be able to take on the function of an advisor and sell securities, but the insurance will always come first (that's how benefits, contracting, etc are determined). If you're an insurance salesman, Modern Woodmen's insurance is pretty competitive. But if you want to be a little more "rounded" or want to focus on financial planning and/or advisory services, you may want to consider looking elsewhere.

    Advice to Management

    Come up with a compensation/contract structure that allows financial planners/advisors to flourish a little more. You've got an awesome company, but the advisory/planning services aren't on par with brokerage/advisor firms.

  6. Helpful (2)

    Apply today, Start work tomorrow!...But get a paycheck next month...and training 6 months later.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Modern Woodmen

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    No Experience or Education is required to come on board. You go through 3 tiers of interviews, but as long as you don't have a felony, you will be offerred a job. They will work with you every step of the way to ensure that you pass the state exam (about a 1-2 week study-cram). Then you are given a rebate (refund of exam and licensing fee) when you pass. Your computer, business cards, and other incidental biz expenses are credited to you and taken out of your paycheck, gradually.

    Cons

    Must have abouth a 6-month business expense to live on. It will be at least a month before you will start receiving income. So you must pay for transportation and supplies. Leads are cold (luke-warm at best). Low name recognition of "Modern Woodment". Extensive 1-week District training in Rock Island, IL, is given after you have been on your own for about 6 months. The training was good, but very late.

    Advice to Management

    Give the District training immediately after the agent passes the state exam and BEFORE having the agent selling, unsupervised.

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Michigan Regional Office

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