Modern Woodmen Reviews

Updated August 10, 2015
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45 Employee Reviews

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  1. Helpful (2)

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

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


  2. Helpful (4)

    Sales

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Amarillo, TX
    Former Employee - Financial Representative in Amarillo, TX
    Doesn't Recommend
    Neutral Outlook

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

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


  3. Helpful (2)

    Sales with little training

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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.


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  5. Good Experience

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    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


  6. Helpful (4)

    not for me, but for anybody looking into financial services there isnt a better company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Austin, TX
    Former Employee - Intern in Austin, TX
    Recommends
    Approves of CEO

    Pros

    no ceiling. Chance to really make a difference in people's lives, not just make money. Community service. Great and supportive work atmosphere.

    Cons

    No ceiling but also no floor since it is all commission based. Not a well known company and its not for profit so at the beginning there is a lot of cold calling.

    Advice to Management

    Management is always there and can be relied upon. Management people also started right where everybody else did so they always know exactly what you are going through.


  7. Helpful (1)

    Good company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative
    Former Employee - Financial Representative
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good people and decent bonuses and incentives to sale

    Cons

    Straight commission sales could use more products

    Advice to Management

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


  8. Have acheived many goals while at this company.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative
    Current Employee - Financial Representative
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    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.


  9. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Irvine, CA
    Former Employee - Financial Representative in Irvine, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    One of the highest ratings for a financial services company.

    Cons

    Old workforce drives up the cost of health benefits.


  10. Helpful (2)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative
    Former Employee - Financial Representative
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Modern Woodmen full-time (Less than a 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 Management

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


  11. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Madison, MS
    Current Employee - Financial Representative in Madison, MS
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    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.



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