Modern Woodmen Reviews

Updated 2 March 2015
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10 Employee Reviews

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

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

    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!

  2. Helpful (1)

    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)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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.

  3. Helpful (1)

    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 a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

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

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  5. 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 a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    One of the highest ratings for a financial services company.

    Cons

    Old workforce drives up the cost of health benefits.

  6. 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)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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.

  7. Helpful (1)

    Good company

    • 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 (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good people and decent bonuses and incentives to sale

    Cons

    Straight commission sales could use more products

    Advice to Management

    N/A.....pretty good people and managers overall

  8. Helpful (1)

    Good place to provide real value to others in your community.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Financial Representative in Rock Island, IL (US)
    Former Contractor - Financial Representative in Rock Island, IL (US)

    I worked at Modern Woodmen as a contractor (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Excellent reputation in communities. Meaningful Fraternal benefits to members.

    Cons

    Not always competitive on premium rates and product selection.

    Advice to Management

    Less focus on management and more focus on the sales force. Too many Regions that produce next to nothing for the company. Resources allocated to Regional Managers do not directly impact or benefit sales force. Reduce # of Regions and use those funds to support agents through better HO service, and admin assistance in Managing Partner's offices.

  9. Helpful (3)

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

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Austin, TX (US)
    Former Employee - Intern in Austin, TX (US)

    I worked at Modern Woodmen

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

    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.

  10. Helpful (1)

    If you are attracted to this field of work there is no better place to build from then Modern Woodmen.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Agent
    Current Employee - Agent

    I have been working at Modern Woodmen

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    MWA is a Fraternal organization with terrific customer loyalty. They have a very solid training program. Their benefits are terrific, especially their health insurance program.

    Cons

    You are paid on by commission, which, for the self-motivated, is actually a plus. It is a big consideration for most folks and should not be taken lightly.

  11. Helpful (1)

    a wonderful experiance

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative
    Current Employee - Financial Representative

    I have been working at Modern Woodmen

    Approves of CEO
    Approves of CEO

    Pros

    Freedom to set your own schedule and run your own business the way you wish. You are your own boss!

    Cons

    Compensation is not all that great but it's also a very hard position right now with the loss of jobs

    Advice to Management

    Focus more on the financial planning for reps and less on insurance. Modern Woodmen is known as a life insurance company and not a financial services company.

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Michigan Regional Office

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