Modern Woodmen - Great company to work for, but you must be an insurance salesman. | Glassdoor
There are newer employer reviews for Modern Woodmen
There are newer employer reviews for Modern Woodmen

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"Great company to work for, but you must be an insurance salesman."

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

I worked at Modern Woodmen as a contractor (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 Management

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.

Other Employee Reviews for Modern Woodmen

  1. Helpful (1)

    "If you are attracted to this field of work there is no better place to build from then Modern Woodmen."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent
    Current Employee - Agent
    Recommends
    Approves of CEO

    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.


  2. Helpful (1)

    "Modern Woodmen is a great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - District Agent
    Current Employee - District Agent
    Recommends
    Approves of CEO

    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 Management

    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.

There are newer employer reviews for Modern Woodmen
There are newer employer reviews for Modern Woodmen

See Most Recent

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