Modern Woodmen Reviews | Glassdoor

Modern Woodmen Reviews

Updated September 27, 2017
19 reviews

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3.0
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W. Kenny Massey
7 Ratings

19 Employee Reviews

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Pros
Cons
  • Home office support shuts down at 4:30pm (in 6 reviews)

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

More Pros and Cons

  1. "Good company, horrible initial training"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Alexandria, LA
    Current Employee - Financial Representative in Alexandria, LA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great startup benefits.
    Friendly cooperate staff
    Great company benefits

    Cons

    Poor initial training
    No help with clients

    Advice to Management

    Better training programs for initial salesmen


  2. "Its not for everyone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

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

    Pros

    - Decent Commission structure
    - Fantastic benefits

    Cons

    - Continuing education is not Payed for but required

  3. "Good medical"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative in Washington, DC
    Current Employee - Administrative in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great medical / benefits, good support and training

    Cons

    No room for growth, either in compensation or responsibility


  4. "Financial Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Approves of CEO

    I worked at Modern Woodmen full-time

    Pros

    Great people for the most part. Excellent Benefits for Financial Reps. Pretty fair commissions on products. Has cool community events for members & family (Policy Holders). Flexible schedule working hours (if you do not discipline yourself to work you wont make any money).

    Cons

    Very old school lead generation which is done by talking to who you know already and mailers which Reps have to pay for (no one ever replies).

    Advice to Management

    Teach your reps how to prospect a little better.


  5. "Staff"

    StarStarStarStarStar
    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


  6. "Experience was OK"

    StarStarStarStarStar
    Former Intern - Intern in Rock Island, IL
    Former Intern - Intern in Rock Island, IL

    I worked at Modern Woodmen as an intern (Less than a year)

    Pros

    Good networking experience
    Valuable for resume

    Cons

    Work was not challenging
    Felt like an afterthought for my supervisor

    Advice to Management

    Give college students at least one challenging project. If they can't handle it, then revert to busy work.


  7. Helpful (4)

    "Overall Good Company- Poor Management"

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

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

    Pros

    Good company values, good career path if you survive commission sales. You get a chance to impact your community and peoples lives. I got to start 2 fraternal chapters and give back to people through matching funds and other charitable events.

    Cons

    Management will lie to you to get you on the hook and sell to your friends and family. I was personally lied to about how they would provide leads and help me build a business but at the end of the day they push you to sell insurance to friends and family.

    End the end, I learned a lot from the sales experience but I would have been better off staying waiting tables out of school instead of taking this job for the experience.

    Advice to Management

    Be honest about the job as a financial advisor and commission sales jobs.

  8. Helpful (3)

    "FInancial Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Freedom to make your own schedule.
    Ability to make large amounts of money if you do well.
    Very thoughtful and caring management.

    Cons

    Difficult to get started if you don't have a sizeable network to sell to.
    Can be uncomfortable pushing products on people when they don't want to buy them.

    Advice to Management

    More opprotunities to get leads


  9. "Summer Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Modern Woodmen as an intern

    Pros

    Great boss, only worked on Friday's from 9am-12pm. Asked for minimal work. Easy internship. Great company to start out in the insurance world.

    Cons

    Its Insurance, so that pretty much sums it up. Not enough hours and it is unpaid so that makes it tough.

    Advice to Management

    Influence selling securities a little more along with more research in the finance industry.


  10. Helpful (5)

    "Financial Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Representative in Chicago, IL
    Former Employee - Financial Representative in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - Fraternal model of business focuses on client's needs and client relations
    - Jump-start commission structure means you make more off your sales when getting started
    - Independent contract results in being able to use products from other companies
    - Well established company with well designed products
    - Set your own schedule (make production requirements on your own time; no clock punching)
    - Framework to specialize in certain products on top of life insurance (e.x. health ins, disability ins, LTC ins., etc.)

    Cons

    - Life insurance company that isn't really interested in "broker types"
    - Production requirements only based on Life insurance sales; no other product sales count to contract requirements
    - Contracting as an FR is as far as you get without going into management
    - Severely underdeveloped RIA education and support
    - You make your own work and must be VERY well connected to build client book and obtain referrals
    - No salary/wage; 100% commission compensation. Hard to get started with no consistent income

    Advice to Management

    - When recruiting, do not say that you have unlimited potential to build your practice. This makes it seem like you can use any type of product to meet production.
    - Develop your RIA program to attract a different crowd of finance professionals and career builders
    - Commission structure for a newly contracted agent is nice, but so is income stability for the "dry seasons." Develop a compensation package that blends compensation and salary. (recommend looking at Morgan Stanley compensation structure)


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