Modern Woodmen

  www.modern-woodmen.org
  www.modern-woodmen.org

Modern Woodmen Reviews

Updated November 15, 2014
Updated November 15, 2014
41 Reviews
3.6
41 Reviews
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W. Kenny Massey
35 Ratings

Employee Reviews

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  1.  

    Good Experience

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    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. 1 person found this helpful  

    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)

    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.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    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 an year)

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
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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 Employee - Financial Representative
    Former Employee - Financial Representative

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

    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 ManagementAdvice

    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.

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

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Modern Woodmen

    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 ManagementAdvice

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

    Doesn't Recommend
    No opinion of CEO
  7.  

    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

    I have been working at Modern Woodmen full-time (more than 10 years)

    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
  8. 1 person found this helpful  

    Good company to work for, hard business to succeed in.

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

    I worked at Modern Woodmen full-time (less than an year)

    Pros

    Quality values, they want you to succeed, and their fraternal benefits are a great selling point.

    Cons

    Their name recognition is substantially less than Edward Jones or any of the other big guys. There was very little training in the first three months.

    Advice to ManagementAdvice

    Establish a training program within a month of hiring a new Financial Representative.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Modern Woodmen is a solid employer with good benefits and a strong training program

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

    I worked at Modern Woodmen full-time (more than an year)

    Pros

    One of the highest ratings for a financial services company.

    Cons

    Old workforce drives up the cost of health benefits.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    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

    I have been working at Modern Woodmen full-time (more than 10 years)

    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
  11. 1 person found this helpful  

    Good company

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

    I worked at Modern Woodmen full-time (more than an year)

    Pros

    Good people and decent bonuses and incentives to sale

    Cons

    Straight commission sales could use more products

    Advice to ManagementAdvice

    N/A.....pretty good people and managers overall

    Recommends
    Positive Outlook
    Approves of CEO

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