There are newer employer reviews for Modern Woodmen

 

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

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Financial Representative
Former Employee - Financial Representative

I worked at Modern Woodmen as a contractor (less than an 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 ManagementAdvice

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.

Recommends
Positive Outlook
Approves of CEO

38 Other Employee Reviews for Modern Woodmen (View Most Recent)

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  1. 2 people found this helpful  

    not for me, but for anybody looking into financial services there isnt a better company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern in Austin, TX (US)
    Former Employee - Intern in Austin, TX (US)

    I worked at Modern Woodmen

    Pros

    no ceiling. Chance to really make a difference in people's lives, not just make money. Community service. Great and supportive work atmosphere.

    Cons

    No ceiling but also no floor since it is all commission based. Not a well known company and its not for profit so at the beginning there is a lot of cold calling.

    Advice to ManagementAdvice

    Management is always there and can be relied upon. Management people also started right where everybody else did so they always know exactly what you are going through.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Apply today, Start work tomorrow!...But get a paycheck next month...and training 6 months later.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Dallas, TX (US)
    Former Employee - Anonymous Employee in Dallas, TX (US)

    I worked at Modern Woodmen

    Pros

    No Experience or Education is required to come on board. You go through 3 tiers of interviews, but as long as you don't have a felony, you will be offerred a job. They will work with you every step of the way to ensure that you pass the state exam (about a 1-2 week study-cram). Then you are given a rebate (refund of exam and licensing fee) when you pass. Your computer, business cards, and other incidental biz expenses are credited to you and taken out of your paycheck, gradually.

    Cons

    Must have abouth a 6-month business expense to live on. It will be at least a month before you will start receiving income. So you must pay for transportation and supplies. Leads are cold (luke-warm at best). Low name recognition of "Modern Woodment". Extensive 1-week District training in Rock Island, IL, is given after you have been on your own for about 6 months. The training was good, but very late.

    Advice to ManagementAdvice

    Give the District training immediately after the agent passes the state exam and BEFORE having the agent selling, unsupervised.

    Doesn't Recommend
    No opinion of CEO
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