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.  

    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
  2.  

    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
  3. 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
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  5. 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
  6. 2 people found this helpful  

    Hands down the best company to work for ever.

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

    I have been working at Modern Woodmen

    Pros

    Very generous with their pay. Recognition is awesome. My father has worked here for 40 years and will tell you the same thing. One of the best companies in the world in my opinion.

    Cons

    Lots of hours but worth it. Nothing else much negative to say...

    Advice to ManagementAdvice

    Some of the best people to work with in the industry. I have great leadership and myself am going through the pathway to leadership....very rewarding

    Recommends
    Approves of CEO
  7.  

    It is a very personally rewarding job because you are helping others achieve their goals financially.

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

    I have been working at Modern Woodmen

    Pros

    You get to start business relationships with new people and usually develop a close friendship with them after a little while. Furthermore, if you work harder than others you will literally get paid for it because there is absolutely no salary cap on how much money you can make

    Cons

    You have to deal with people in regard to their personal finances which can be a sensitive topic sometimes.

    Advice to ManagementAdvice

    We must make sure all new agents have an intimate understanding with our products before letting them go out on their own.

    Recommends
    Approves of CEO
  8.  

    Over the top!!!

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

    I have been working at Modern Woodmen

    Pros

    Great place to work. The culture and leadership are better than I expected and the oppportunity for advancment is excellent. Building a business is not easy but with the training and assistance from management it is easier. The trips are Great and free. Can't beat that. Going to Maui next month!!

    Cons

    It will take a while to grow your business. Long hard days the first few years. Sometimes the money is lean but the good times far outweigh the negative

    Advice to ManagementAdvice

    The systems are great just make sure that all new reps follow them the first few years. More training in the securities area would help but not our priority

    Recommends
    Approves of CEO
  9.  

    Awesome opportunity to help others.

    • 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

    Great Fraternal Organization with benefits to help members prepare for financial security if they live, die, or quit working. Modern Woodmen provides both financial services and service opportunities for members.

    Cons

    Difficult to budget for a new agent as you learn to sell. Commissions from month to month can range between $0 to unlimited..

    Advice to ManagementAdvice

    If there were anything I would do different, it would be to put more emphasis on building character of the agents and less on pushing for securities licensing. Also, promotions of family members should only be given on merit.

    Recommends
    Approves of CEO
  10.  

    a wonderful experiance

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

    I have been working at Modern Woodmen

    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 ManagementAdvice

    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.

    Approves of CEO
  11. 1 person found this helpful  

    Good pay but poor training.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Sales
    Former Employee - Sales

    I worked at Modern Woodmen

    Pros

    Good compensation when a sale was complete. Good benefits package once probationary period is up, and if you can make a career out of it the retirement pension is very good.

    Cons

    Extremely slow to ever recieve first pay check (I went about 3 months), management is often involved in their own sales so they dont have a lot of time to sit with new representatives and teach them how to sell themselves.

    Doesn't Recommend
    Approves of CEO

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