Modern Woodmen Reviews

Updated July 20, 2015
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44 Employee Reviews

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  1. 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

    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.


  2. 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

    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. 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


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    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

    I worked at Modern Woodmen

    Recommends
    Approves of CEO
    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.


  6. Helpful (1)

    Good company

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

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

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

    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


  7. 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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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.


  8. 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

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

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

    Pros

    One of the highest ratings for a financial services company.

    Cons

    Old workforce drives up the cost of health benefits.


  9. 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

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

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

    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.


  10. 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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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.


  11. Helpful (1)

    a wonderful experiance

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

    I have been working at Modern Woodmen

    Approves of CEO
    Approves of CEO

    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 Management

    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.



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