Modern Woodmen Reviews | Glassdoor

Modern Woodmen Reviews

Updated April 18, 2017
91 reviews

Filter

Filter

Full-time Part-time

4.2
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
(no image)
W. Kenny Massey
66 Ratings

91 Employee Reviews

Sort: Popular Rating Date

Pros
Cons
  • Home office support shuts down at 4:30pm (in 5 reviews)

  • I don't have anything negative to say (in 3 reviews)

More Pros and Cons

  1. "Great Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Indianapolis, IN
    Current Employee - Anonymous Employee in Indianapolis, IN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Modern Woodmen full-time (More than 5 years)

    Pros

    There is great leadership in the company, but specifically at the Indiana Firm. Training of new advisors is very much 1 on 1. They only hire a select few financial advisors each year, this allows them to commit the necessary resources to ensure that each new hire is successful.
    Compensation is healthy. You truly in charge of your own business and given plenty of flexibility. Many of the best products in the industry.

    Cons

    If you do not have an entrepreneurial and philanthropic heart, Modern Woodmen is not for you. If you don't want to be in control of your income and independence, Modern Woodmen is not right for you.

    Advice to Management

    Continue to only hire a few people each year. Continue the high level of support that you provide.


  2. "Financial Representative"

    Star Star Star Star Star
    Former Employee - Financial Representative in Mayville, WI
    Former Employee - Financial Representative in Mayville, WI

    I worked at Modern Woodmen (More than a year)

    Pros

    Great company to work for! No cost to start your own business. They support you all the way.

    Cons

    None that I can think of.


  3. "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Rock Island, IL
    Current Employee - Anonymous Employee in Rock Island, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    MWA sincerely cares about their employees as much as they do their members. It is very much a family atmosphere even though it is a large organization. Servant leadership just isn't a thing, it is engrained in the culture and a part of everyday life.

    Cons

    It is still a conservative financial institution and it has it's quirks, i.e. dress code, breaks, rules. However, things are changing and a breath of fresh air is emerging.

    Advice to Management

    Don't forget who we are and what we stand for.


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


  5. Helpful (1)

    "Finacial Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Springfield, MO
    Current Employee - Anonymous Employee in Springfield, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Modern Woodmen full-time

    Pros

    Great company to work for! Great support, Great training program, Great Benefits and Great opportunity for advancement! No hidden cost to start your own practice. Can provide almost all products to clients with the exception of P&C.

    Cons

    Home office support shuts down at 4:30pm.


  6. Helpful (2)

    "management needs some work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Administrator in Rock Island, IL
    Former Employee - Systems Administrator in Rock Island, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great company if your not in IT

    Cons

    Trying to move too much too fast. Take and use bad advise from consultants.
    Best qualified applicants don't get promoted.
    Consultants and third party vendors run Modern Woodmen.
    I could go on...

    Advice to Management

    Slow down and start listening to the professional technical people you've hired instead of the money grubbing consultants.


  7. Helpful (3)

    "Financial Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Cary, NC
    Former Employee - Financial Representative in Cary, NC
    Recommends
    Approves of CEO

    Pros

    -Unlimited amount of opportunity to earn money
    -Excellent training program to prepare yourself to be on your own
    -Great office environment and everyone is willing to help you succeed
    -Make your own schedule

    Cons

    -No base pay so income fluctuates
    -Money you earn can be lost due to clients being declined or deciding to not go through with their plan
    -If you aren't on top of things your business will get behind and you will be unsuccessful
    -Not being local to the office can hurt you because you are not around everyone and learning daily

    Advice to Management

    I think management is doing a great job. They tell it to you straight and don't sugarcoat anything. They are very supportive and are willing to do anything they can to help you.


  8. Helpful (2)

    "Financial Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Houston, TX
    Current Employee - Financial Representative in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Modern Woodmen full-time (Less than a year)

    Pros

    Total independence, fraternal network, awesome support. When you do well, the benefits to the job are great.

    Cons

    Have to come up with your own clients, but that's about it in terms of on the job cons. You have to account for dips in income by not maximizing your enjoyment during good months.

    Advice to Management

    Keep up the good work, I love working here. Although there are cons to the system, the benefits outweigh them overall.


  9. Helpful (9)

    "Very misleading local management, but a great company at best"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Sales Representative in Springfield, MO
    Former Employee - Financial Sales Representative in Springfield, MO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    They have the best insurance and fraternal benefits for their clients by far in this industry!
    CEO Kenny Massey is an awesome man to work for. If he knew how things were ran in SW Missouri, he'd have a fit and heads would roll.

    Cons

    They call themselves at the regional level "not-for-profit" when they are anything but. Local managers breed an environment of harassment and bullying. They have lied to everyone that has come to work and said that they would give you money to help pay your bills if you need it while you are learning. This is the farthest thing from the truth. Wish I had started with a different insurance company when I first got into the business 3 years ago. I wouldn't be financially strapped right now if I had. They charge you for everything including a laptop that when you leave you must return to them even though you're required to pay $100/ month for it. After 2 years, you still have to return it.

    Advice to Management

    Watch your Regional Directors and management closely. There is a reason why 19 out of 20 new hires quit. I was the agent of the year in 2014 and quit due to lack of support. Your agents should not have to compete for business with their direct suprvisors. They supervisors already get a commission off of what the agents are making, so why should they be allowed to send the "small commission" accounts to the people struggling to make ends meet, while they sit back fat an easy enjoying there guaranteed salary???


  10. Helpful (1)

    "Financial Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Norman, OK
    Current Employee - Financial Representative in Norman, OK
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Modern Woodmen full-time (More than 3 years)

    Pros

    Great benefits, including a pension. Strong support from the home office. Unlimited potential for compensation and advancement. Community-oriented because they are a nonprofit fraternal company.

    Cons

    This type of career, in general, requires that you either have a network of people to turn into clients or can quickly build such a network.


  11. Helpful (1)

    "Financial Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Indianapolis, IN
    Former Employee - Anonymous Employee in Indianapolis, IN
    Recommends
    Positive Outlook

    I worked at Modern Woodmen full-time

    Pros

    Excellent leadership, benefits, and training. Hire just a few; keep 90%. Not like insurance industry three year retention average of 9%. Care about clients. Really care

    Cons

    Limited product type. Emphasizes permanent to the exclusion of temporary. No IUL.

    Advice to Management

    Modernize product portfolio


Showing 91 of 101 reviews
Reset Filters