Modern Woodmen Reviews | Glassdoor

Modern Woodmen Reviews

Updated February 14, 2017
50 reviews

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Current Employees

4.7
Star Star Star Star Star
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W. Kenny Massey
39 Ratings

50 Employee Reviews

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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. Helpful (4)

    "No Idea What They're Doing"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    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 Management

    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.


  2. Helpful (2)

    "Good learning experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in Dallas, TX
    Current Employee - Sales Representative in Dallas, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Solid conservative well funnded company

    Cons

    Half the normal commissions with very poor lead assistance.

    Advice to Management

    Unless you supply good very fresh leads, you should pay higher commissions or at least a base salary.


  3. Helpful (5)

    "Good Career Opportunity, Not for Everyone"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Atlanta, GA
    Current Employee - Financial Representative in Atlanta, GA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Control your own schedule, health insurance and pension plan provided, 401-k available with match, Fraternal Business Model allows you to give to the community, work with people of great integrity.

    Cons

    Home office employees lack understanding of what field force challenges are, Management favoritism/legacy building is rampant, Focus is on increasing # of managers rather than supporting existing reps and current managers, Product offering is limited.

    Advice to Management

    Listen to recordings of agents calling the home office...you might be shocked how disrespectful some HO staff is and the inaccurate information given. Cut the number of Regional Directors in half, half of them aren't producing anyway, use the savings to increase agent and managing partner compensation/support. Managing Partners are the ones who recruit new reps, make that a more attractive position and provide more support to them.


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  5. "Insurance Agent"

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

    Pros

    Excellent training of subject matter (policies, universal, whole life and term insurance.

    Cons

    Absence of a viable prospect program.

    Advice to Management

    Test vendor market assistance in locating and referring clients.


  6. "Financial Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good product and programs to help community

    Cons

    Underwriting is unreasonable and home office not helpful

    Advice to Management

    none


  7. "Staff"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Modern Woodmen full-time

    Pros

    Good people to work with

    Cons

    I really have little negative to say


  8. "Good Experience"

    Star Star Star Star Star
    • 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


  9. Helpful (1)

    "Have acheived many goals while at this company."

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

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

    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.


  10. Helpful (2)

    "Great Company...Client Focused. Good career opportunity especially if you plan to work in the middle America market."

    Star Star Star Star Star
    • 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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    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. "When it comes to a positive work culture and thorough training, you can't beat Modern Woodmen in SoCal."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Representative in Irvine, CA
    Current Contractor - Financial Representative in Irvine, CA

    I have been working at Modern Woodmen as a contractor (Less than a year)

    Pros

    I am not contracted with Modern Woodmen yet, but am very close to it. First off, in the Irvine region, the training and support is unparalleled. The managers are incredible, with an amazing work ethic and support system. They have put a lot of effort into training the new agents, even before they are officially contracted with the company. They also won't hire just anyone, and have a long-term investment in their new agents when they do. You can't beat the benefits of superior health insurance, matching IRA contributions, BDA allowances and monthly bonuses (which you have to earn).

    Cons

    I would say the only con is that Modern Woodmen could have a few more products in their life insurance products lineup, or at least a few more options of what you can do with those policies. I understand that Modern Woodmen is a very conservative company with a commitment to keeping the amount of assets high, but it sure would be nice to have more to offer to my clients.

    Advice to Management

    The management is unparalleled in their commitment to training and building a superior team of agents. Keep it up!



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