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Modern Woodmen Reviews

Updated November 7, 2017
47 reviews

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47 Employee Reviews

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

  • No salary/wage; 100% commission compensation (in 5 reviews)

More Pros and Cons

  1. Helpful (1)

    "Finacial Representative"

    StarStarStarStarStar
    • 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.


  2. Helpful (2)

    "Financial Advisor"

    StarStarStarStarStar
    • 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.

  3. Helpful (1)

    "Excellent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor
    Recommends
    Positive Outlook

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

    Pros

    Great training, great management, ability to make lots of money. And best of all the benefits are exceptional. The fraternalism is what makes the company different. Even the top of the company at home office are incredible people and will sit down and have a conversation with you whenever, they might even just call you up for no particular reason. The training is top notch starting with the MP and RD. The company truly does what is in the best interest of the client.

    Cons

    Tough to get started, but if you are willing to put the work in it will be very beneficial to you and your family.

    Advice to Management

    Keep on rocking


  4. Helpful (1)

    "Financial Representative"

    StarStarStarStarStar
    • 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.


  5. Helpful (1)

    "Financial Representative"

    StarStarStarStarStar
    • 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


  6. Helpful (2)

    "An amazing company"

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

    I worked at Modern Woodmen (Less than a year)

    Pros

    Their products are really competitive. Management really busts their butts to help the newer reps. The best part of this company though is hands down the people. Your manager has your back 100 percent they are trying to make you successful. They are real, nice people who are very geniuine in rooting for you. Career advancement is very laid out. As a company MWA is the best kept secret out there.

    Cons

    It's sort of a tough company to start working for when you're young. The exposure and volumn of prospects you see isn't as high as other companies. Being straight commission is tough. Sometimes work bleeds into your personal life too much.

    Advice to Management

    Try to relate more to your newer reps. Kids comming out of college aren't going to have a well developed network like the older crowd. Before moving to friends and family try and get a sale or two under their belt with referral source you have.


  7. "Loved it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Amarillo, TX
    Former Employee - Administrative Assistant in Amarillo, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Modern Woodmen (More than 8 years)

    Pros

    Great people to work with

    Cons

    I don't have anything negative to say

  8. "Great Family Oriented Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Parter in Jackson, MS
    Current Employee - Managing Parter in Jackson, MS
    Recommends
    Positive Outlook

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

    Pros

    Have an opportunity to make a difference in people's lives and earn a good income. Managers really care about your success.

    Cons

    As with any sales job, if you don't work hard, you don't succeed. It can be challenging and a roller coaster at times, but that is normal with any sales job.


  9. Helpful (1)

    "Financial Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Antonio, TX
    Former Employee - Anonymous Employee in San Antonio, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent compensation possibilities. Opportunity to earn annual trips. Management is easy to deal with and the corporate support is great. overall good company.

    Cons

    As is prevalent in the insurance industry, charge backs are difficult to deal with. You are required to work odd hours, evenings and weekends. This is because you have to be available to meet with people when they are available.

    Advice to Management

    None I can think of.


  10. Helpful (1)

    "Full Time Financial Representative"

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

    I have been working at Modern Woodmen full-time

    Pros

    The thing that sets this company apart from other financial services companies is the Fraternal aspect. They are owned by their members and function as a not-for-profit company in order to give back millions to local communities every year. The income potential is only limited by one's commitment to consistently connect with new people and truly help them reach their financial goals. Unlike similar companies I've worked for in the past, the home office is extremely supportive and the company expects me to do only "what is in the best interest of the client", not what pays the highest commission. They do put their members/clients interests before their own.

    Cons

    I've noticed that others list "lack of a lead system" as one of the cons. These must be people who have not worked in this field before. The reality is that the nature of this business is building a personal market through networking, referrals, and becoming an advisor who people will recommend to others. There actually is a lead system that can be tapped into through the fraternal activities and existing client households. This job is not for everyone. You must be able to get out of your comfort zone, engage others, and create the opportunity to meet with them.

    Advice to Management

    Tell new recruits up front what their challenges will be in finding new clients. Most recruits with good people skills will be able to handle this, but be sure to identify the ones who won't.


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