Modern Woodmen Reviews

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

3.9
38 Reviews
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Recommend to a friend
Approve of CEO
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W. Kenny Massey
34 Ratings

Employee Reviews

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  1.  

    Great company for a retired person or a used car salesman.

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

    I worked at Modern Woodmen as a contractor for less than a year

    Pros

    You are rewarded for success.

    Cons

    The older experienced representatives farm young talent to grow the business and then cut them loose when they have gotten every dollar out of you.

    Advice to ManagementAdvice

    Give new employees a stable work environment.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

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

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

    I worked at Modern Woodmen

    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 ManagementAdvice

    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.

    Recommends
    Approves of CEO
  3.  

    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
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  5.  

    Pick your own hours, but translates to picking your own salary

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

    I have been working at Modern Woodmen

    Pros

    -you decide when your hours are
    -unlimited income opportunities
    -good support staff

    Cons

    -training was subpar, had to learn how to do things on your own

    Advice to ManagementAdvice

    offer more training to interns, they will end up being the future of your company

    Recommends
    Approves of CEO
  6.  

    a place were self motivated people excel.

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

    I have been working at Modern Woodmen

    Pros

    set own schedule, great income potential, a lot of motivators provided by the company, great training and assistance from co-workers and management.

    Cons

    Long nights, hard to get time off, and missing out on family time very frequently. Looking forward to establishing my buisness so I can enjoy myself a but more. Starting out is difficult but rewarding.

    Recommends
    Approves of CEO
  7. 1 person found this helpful  

    Modern Woodmen of America: Touching lives. Securing Futures

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

    I have been working at Modern Woodmen

    Pros

    The possibility for advancement are only limited by the amount of work that you are willing to put forth. If management is for you, than you have the best opportunity in the financial services industry to advance into management. The benefits package is amazing, there is an old-fashioned pension, which gives you an extra incentive to work hard.

    Cons

    If you are a person that is not good at time management, this job is not for you. Also if you are not good at keeping track of what you do, you could have problems. As you have no "boss" per-se, you need to keep careful watch of the time you use and don't use.

    Advice to ManagementAdvice

    Keep being hands on, and make sure that you keep close watch on the reps that have been contracted for fewer than 6 months.

    Recommends
    Approves of CEO
  8.  

    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 for less than a 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
  9.  

    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

    I have been working at Modern Woodmen

    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
  10. 1 person found this helpful  

    Modern Woodmen is a great place to work

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

    I have been working at Modern Woodmen

    Pros

    For the home office staff I am sure it is a great place to work with lots of job security. The field staff has its challenges which is always true for life insurance sales. But MWA has some of the best prospecting tools available if you learn how to use them. This market is under going tremendous change with many younger customers buying online. The overall customer satisfaction with MWA is very high! While MWA is very conservation they have recently approved and supported using social media sites for marketing, a bold move for them. They had their best year for new business ever in 2010, so they must be doing something right!

    Cons

    The strong reliance on referral based client growth only could be improved with advocating and supporting more modern prospecting techniques.

    Advice to ManagementAdvice

    Keep the communications open with the next generation of agents and managing agents in order to keep up with the accelerating marketing chances in the industry. Consider online marketing and direct purchases, the "people when you want them, technology when you don't" approach tied to a strong field staff sales support.

    Recommends
    Approves of CEO
  11. 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

    I have been working at Modern Woodmen

    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

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