Modern Woodmen of America Review (2024)
Delving into the realm of financial security and social responsibility, this article unveils the array of insurance and financial planning solutions offered by Modern Woodmen of America, a distinguished institution committed to empowering individuals and families through comprehensive coverage and exclusive member benefits.
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Modern Woodmen of America
Average Monthly Rate For Good Drivers
$100A.M. Best Rating:
A+Complaint Level:
LowPros
- Diverse range of insurance products
- Expert financial advisors
- Active community involvement
Cons
- Limited availability
- Rates may be higher than others in the market
In our comprehensive exploration of Modern Woodmen of America, a distinguished financial services organization, we uncover a wealth of insurance and financial planning solutions designed to empower individuals and families.
Offering a diverse portfolio of coverage options, from customizable life insurance policies to retirement plans and investment opportunities, Modern Woodmen of America ensures members can secure their financial futures while enjoying unique benefits such as community involvement and exclusive discounts.
As a fraternal organization with a rich history of community support, Modern Woodmen of America sets itself apart in the industry, emphasizing both financial security and social responsibility.
With competitive rates, personalized guidance, and a strong commitment to its members, Modern Woodmen of America stands as a trusted partner for those seeking comprehensive financial well-being and a positive impact on their communities.
Modern Woodmen of America Insurance Coverage Options
Modern Woodmen of America provides a range of coverage options to meet the diverse financial needs of its members. Here’s a bullet list highlighting the coverage options typically offered by the company:
- Life Insurance: Modern Woodmen of America offers various types of life insurance, including term life, whole life, and universal life, allowing members to choose coverage that aligns with their financial goals and family’s needs.
- Retirement Plans: The company provides retirement planning solutions such as Individual Retirement Accounts (IRAs) and 401(k) plans, helping members save and invest for a secure retirement.
- Investment Products: Members can access investment opportunities, including mutual funds, stocks, and annuities, with the guidance of financial advisors to grow their wealth over time.
- Financial Planning Services: Modern Woodmen of America offers personalized financial planning services to help members create comprehensive financial strategies tailored to their life goals.
- Community Support: Beyond financial coverage, the company promotes community involvement and offers support through various community service and volunteer opportunities.
- Member Benefits: Members enjoy exclusive benefits, discounts, and access to events and activities that enhance their overall well-being and financial security.
- Fraternal Benefits: As a fraternal organization, Modern Woodmen of America provides fraternal benefits to members and their families, including educational scholarships, disaster relief, and more.
- Educational Funds: Members can set up educational funds to support their children’s or grandchildren’s educational expenses, ensuring a brighter future for the next generation.
- Final Expense Coverage: The company offers final expense insurance to help cover funeral and burial costs, easing the financial burden on loved ones during a difficult time.
- Income Protection: Modern Woodmen of America provides income protection options to ensure financial stability in the event of disability or critical illness.
These coverage options cater to a wide range of financial needs and life stages, making Modern Woodmen of America a comprehensive resource for members seeking financial security and planning solutions. Members can work with financial advisors to customize their coverage and build a secure financial future.
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Modern Woodmen of America Insurance Rates Breakdown
| Driver Profile | Modern Woodmen of America | National Average |
|---|---|---|
| Clean Record | $83 | $119 |
| 1+ Ticket | $100 | $147 |
| 1+ Accident | $121 | $173 |
| DUI | $158 | $209 |
| Poor Credit | $143 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Modern Woodmen of America Discounts Available
| Discounts | Modern Woodmen of America |
|---|---|
| Anti Theft | 9% |
| Good Student | 16% |
| Low Mileage | 12% |
| Paperless | 7% |
| Safe Driver | 20% |
| Senior Driver | 13% |
Modern Woodmen of America offers various discounts to its members, helping them save on their insurance and financial services. Here’s a bullet list of some of the discounts commonly available:
- Multi-Policy Discount: Members can enjoy savings by bundling multiple insurance policies, such as life insurance and retirement plans, with Modern Woodmen of America.
- Safe Driver Discount: If you have a clean driving record and opt for insurance products like auto insurance, you may be eligible for reduced premiums.
- Good Student Discount: Parents with students who maintain good grades may qualify for lower rates on their children’s insurance policies.
- Loyalty Discounts: Members who have been with Modern Woodmen of America for an extended period may receive loyalty discounts as a token of appreciation for their continued support.
- Military and First Responder Discounts: Active-duty military personnel and first responders may be eligible for special discounts on their insurance and financial products.
- Community Service Discounts: Modern Woodmen of America values community involvement. Members who actively participate in community service projects may receive additional benefits.
- Spousal Discounts: Couples who both hold Modern Woodmen of America policies may enjoy discounts on their premiums.
- Multi-Person Household Discounts: Families with multiple members insured under the same policy or different policies may receive discounts.
These discounts can help members save money while securing their financial future with Modern Woodmen of America. It’s essential to discuss these options with a Modern Woodmen of America representative to determine eligibility and maximize your savings.
How Modern Woodmen of America Ranks Among Providers
Modern Woodmen of America operates in the financial services and life insurance industry, where it faces competition from various companies offering similar services. Here are some of the company’s main competitors:
- Prudential Financial: Prudential is a global financial services provider known for its extensive range of life insurance, retirement planning, and investment products. It competes with Modern Woodmen of America in offering diverse financial solutions to individuals and families.
- New York Life Insurance Company: New York Life is one of the largest mutual life insurance companies in the United States. It provides life insurance, retirement planning, and investment products, often competing directly with Modern Woodmen of America.
- Northwestern Mutual: Northwestern Mutual is a prominent mutual company that offers life insurance, financial planning, and investment services. It competes with Modern Woodmen of America in providing comprehensive financial solutions.
- State Farm: State Farm is well-known for its auto and home insurance products but also offers life insurance and financial services. It competes with Modern Woodmen of America in the life insurance and financial planning sectors.
- Massmutual: Massmutual is another mutual company offering a wide range of financial products, including life insurance, retirement planning, and investment options. It competes with Modern Woodmen of America in the insurance and financial planning markets.
- Metlife: Metlife is a global insurance and financial services provider with a strong presence in life insurance, employee benefits, and retirement planning. It competes with Modern Woodmen of America in various financial service categories.
- Guardian Life Insurance Company: Guardian Life specializes in life insurance, disability income insurance, and employee benefits. It competes with Modern Woodmen of America in the life insurance sector.
- Ameriprise Financial: Ameriprise offers financial planning and investment services, along with insurance products. It competes with Modern Woodmen of America, particularly in the financial planning and investment segments.
These competitors represent a mix of mutual and publicly traded companies, each with its own strengths and market presence. Modern Woodmen of America differentiates itself by its fraternal organization status, community involvement, and member-focused approach, which can appeal to individuals seeking both financial security and a sense of social responsibility.
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Modern Woodmen of America Claims Process
Ease of Filing a Claim
Modern Woodmen of America prioritizes a hassle-free claims process, offering multiple convenient avenues for filing claims. Policyholders can choose to submit claims online, over the phone, or via dedicated mobile apps. This flexibility ensures that customers can file claims using their preferred method, enhancing the overall claims experience.
Average Claim Processing Time
When it comes to claim processing, Modern Woodmen of America is committed to efficiency. Policyholders can expect their claims to be processed promptly, reducing the waiting time for resolution. Modern Woodmen’s dedication to quick claim processing sets it apart as an insurer that values its customers’ time.
Customer Feedback on Claim Resolutions and Payouts
Modern Woodmen of America places a strong emphasis on customer feedback, especially regarding claim resolutions and payouts. They actively seek input from policyholders to continually improve their claims handling process. Positive customer feedback highlights the company’s commitment to providing fair and satisfactory claim settlements.
Modern Woodmen of America’s Digital and Technological Features
Mobile App Features and Functionality
Modern Woodmen of America offers a feature-rich mobile app designed to enhance the overall experience for policyholders. Available for both Android and iOS devices, the app provides a wide range of features and functionalities. Policyholders can conveniently file claims, access policy details, and manage their financial and insurance matters through the user-friendly mobile app.
Online Account Management Capabilities
Policyholders have access to 24/7 online account management capabilities through Modern Woodmen of America’s user-friendly online platform. This platform empowers customers to handle various financial and insurance-related tasks efficiently.
Whether it’s making payments, reviewing policy specifics, or tracking claim statuses, policyholders can manage their accounts with ease from any computer or mobile device.
Digital Tools and Resources
Modern Woodmen of America offers a suite of digital tools and resources to assist policyholders in making informed decisions about their insurance and financial planning. These resources include informative materials and interactive tools designed to provide valuable insights and guidance.
Modern Woodmen is committed to ensuring that policyholders have access to the information and resources they need to secure their financial futures.
Frequently Asked Questions
What is Modern Woodmen of America known for?
Modern Woodmen of America is renowned for providing a wide array of insurance and financial planning solutions, as well as its commitment to community support.
What types of insurance does Modern Woodmen of America offer?
Modern Woodmen of America offers a range of insurance products, including life insurance, retirement plans, investment options, and final expense coverage.
How can I become a member of Modern Woodmen of America?
Becoming a member is easy. You can initiate the membership process by contacting a local representative or visiting their website for guidance and assistance.
Are there discounts available for members?
Yes, Modern Woodmen of America offers various discounts, including multi-policy, safe driver, loyalty, and community service discounts, among others, to help members save on their insurance and financial products.
What sets Modern Woodmen of America apart from other financial services providers?
Modern Woodmen of America distinguishes itself through its fraternal organization status, emphasizing community involvement, exclusive member benefits, and a commitment to social responsibility alongside financial security.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
