Modern Woodmen

  www.modern-woodmen.org
  www.modern-woodmen.org

Modern Woodmen Reviews

Updated 18 October, 2014
Updated 18 October, 2014
39 Reviews
3.7
39 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
W. Kenny Massey
34 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good Career Opportunity, Not for Everyone

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Atlanta, GA (US)
    Current Employee - Financial Representative in Atlanta, GA (US)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Sales with little training

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

    I worked at Modern Woodmen full-time (more than 3 years)

    Pros

    Good benefits and potential for great income if you get properly trained on products.

    Cons

    Lack of training on products and services. Must train yourself with little help from management.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Working for Modern Woodmen of America has been better than all the other insurance companies I have worked with.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Nashville, TN (US)
    Current Employee - Financial Representative in Nashville, TN (US)

    I have been working at Modern Woodmen full-time (more than an year)

    Pros

    Besides having great products to offer my clients, Modern Woodmen is a fraternal company which provides $30 million every year for us to use in our communities. This is great fir the communities, our members, and has the effect of great marketing for us.

    Cons

    There are some additional products I wish we had to sell.

    Advice to ManagementAdvice

    Listen to the field reps for new products to meet market demands.

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Madison, MS (US)
    Current Employee - Financial Representative in Madison, MS (US)

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Great Place To Work!

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

    I worked at Modern Woodmen full-time

    Pros

    Great pay and training! Managing Partners are terrific at what they do, and are always willing to help. It feels like a mom and pop shop.

    Cons

    All commission from the beginning. Maybe have a base plus commission for the first year. If you don't have a market, you won't succeed.

    Advice to ManagementAdvice

    Keep on doing what you are doing.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in Amarillo, TX (US)
    Former Employee - Financial Representative in Amarillo, TX (US)

    I worked at Modern Woodmen full-time (more than an year)

    Pros

    Lots of independence and ability to set your own hours. Hardwork pays off sometimes but not always. You must be willing to harass a lot of people before you get a small sale.

    Cons

    Lack of quality training, must learn on the job. To be successful you must work long hours everyday and invest a lot of your own money into gas, client lunches, and advertising.

    Advice to ManagementAdvice

    Invest more time with your field representatives than simple class room lecture and a couple of sales calls.

    Doesn't Recommend
    Neutral Outlook
  8. 1 person found this helpful  

    Good company to work for, hard business to succeed in.

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

    I worked at Modern Woodmen full-time (less than an year)

    Pros

    Quality values, they want you to succeed, and their fraternal benefits are a great selling point.

    Cons

    Their name recognition is substantially less than Edward Jones or any of the other big guys. There was very little training in the first three months.

    Advice to ManagementAdvice

    Establish a training program within a month of hiring a new Financial Representative.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Modern Woodmen is a solid employer with good benefits and a strong training program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in Irvine, CA (US)
    Former Employee - Financial Representative in Irvine, CA (US)

    I worked at Modern Woodmen full-time (more than an year)

    Pros

    One of the highest ratings for a financial services company.

    Cons

    Old workforce drives up the cost of health benefits.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Run fast!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Santa Clara, CA (US)
    Former Employee - Financial Advisor in Santa Clara, CA (US)

    I worked at Modern Woodmen full-time (less than an year)

    Pros

    The interview process was great! They made it seem like it the best place to work for.

    Cons

    Getting your own leads. No training from management. When you bring in a policy watch out, the managers will try to rob you!!!

    Advice to ManagementAdvice

    Don't hire shady managers & if you advertise to do something, do it. Don't waste anyone's time, it makes you look weak!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Have acheived many goals while at this company.

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

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO

Work at Modern Woodmen? Share Your Experiences

Modern Woodmen

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.