Modern Woodmen of America Insurance Review & Ratings (2023)

Modern Woodmen of America Insurance is a fraternal life insurance company that has been in business for over 130 years. The company offers a variety of insurance and financial products to its members, including life insurance, annuities, and retirement planning services.

Modern Woodmen of America Insurance is known for its commitment to its members, offering a range of benefits and services designed to help them achieve financial security.

Interesting Attributes:

• Modern Woodmen of America Insurance is a fraternal organization, which means that it is owned by its members. This allows the company to focus on the needs of its members rather than the interests of shareholders.
• The company has a strong commitment to community service, with members participating in over 1.5 million volunteer projects since the organization was founded.
• Modern Woodmen of America Insurance has an A+ rating from the Better Business Bureau, indicating a high level of customer satisfaction.

Modern Woodmen of America Insurance History and Mission

Modern Woodmen of America Insurance was founded in 1883 by Joseph Cullen Root, a clerk in a hardware store who was inspired to create an organization that would provide financial security and support to its members.

Today, the company has over 740,000 members across the United States and offers a range of insurance and financial products designed to help them achieve their financial goals.

The company’s mission is to improve the quality of life for its members and their communities through financial security, social responsibility, and fraternalism.

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Coverage Available From Modern Woodmen of America Insurance

Modern Woodmen of America Insurance offers a range of coverage options to protect individuals and families from various risks. Here is a summary of the main types of coverage available from Modern Woodmen of America Insurance:

• Auto insurance: Modern Woodmen of America Insurance provides liability, collision, and comprehensive coverage for cars, trucks, SUVs, and other vehicles. They also offer uninsured/underinsured motorist coverage, roadside assistance, rental car reimbursement, and other optional coverage.
• Home insurance: The company offers protection for homes and personal property, including dwelling coverage, personal property coverage, liability coverage, and additional living expenses coverage. They also offer optional coverage for water damage, identity theft, and more.
• Life insurance: Modern Woodmen of America Insurance provides term life, whole life, and universal life insurance to help individuals and families protect their loved ones in case of unexpected events.
• Annuities: They offer fixed and variable annuities that provide guaranteed income streams to help retirees and pre-retirees achieve financial stability.
• Retirement planning: Modern Woodmen of America Insurance provides retirement planning services, including investment management, income planning, and wealth transfer strategies.
• Financial planning: They offer financial planning services, including budgeting, debt management, and investment planning.

Cost of Modern Woodmen of America Insurance

Some of the possible costs associated with its services may include:

• Insurance premiums: Members may need to pay premiums for life insurance, disability insurance, long-term care insurance, and other insurance policies. The cost of premiums will depend on various factors, such as the member’s age, health, and the type of policy they choose.
• Investment fees: Modern Woodmen of America offers various investment options, such as mutual funds and annuities. Members may need to pay fees for these investments, such as management fees, administrative fees, and other charges.
• Financial planning fees: Members may choose to work with a financial planner from Modern Woodmen of America to help them achieve their financial goals. The cost of financial planning services may depend on the complexity of the member’s financial situation and the level of service they require.
• Membership fees: To become a member of Modern Woodmen of America, individuals may need to pay a one-time membership fee. The cost of the membership fee may vary depending on the state in which the member resides.
• Other fees: Modern Woodmen of America may charge other fees, such as account maintenance fees, withdrawal fees, and surrender charges. The specific fees and costs associated with its products and services will depend on the product or service in question and the terms and conditions of the contract or policy.

States Where Modern Woodmen of America Insurance is Available

Modern Woodmen of America is a fraternal financial services organization that offers a range of insurance and financial products to its members. The organization operates in all 50 states of the United States.

This means that its insurance products and services are available in all states. Additionally, Modern Woodmen of America has more than 700 local offices located throughout the country, making it easily accessible for individuals who are interested in its products and services.

However, the availability of specific products and services may vary by state and may be subject to state-specific regulations and laws.

Here are the six steps to find the states where Modern Woodmen of America Insurance is provided:

1. Go to the Modern Woodmen of America website.
2. Click on the “Find an Office” tab at the top of the page.
3. Enter your ZIP code or city and state in the search bar, and click “Search.”
4. A list of Modern Woodmen of America offices in your area will be displayed.
5. Click on the office location nearest to you to see the contact information for that office.
6. Contact the office directly to confirm that Modern Woodmen of America insurance is available in your state.

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Discounts Offered by Modern Woodmen of America Insurance

Modern Woodmen of America offers a range of insurance and financial products to its members. Depending on the product or service, the organization may offer various discounts to help its members save money. Here are some of the general discounts that may be available from Modern Woodmen of America:

• Multi-policy discount: If a member has more than one insurance policy with Modern Woodmen of America, such as a life insurance policy and a home insurance policy, they may be eligible for a multi-policy discount.
• Safe driver discount: Members who have a good driving record may be eligible for a safe driver discount on their auto insurance policy.
• Home safety discount: Members who have certain safety features installed in their home, such as a security system or smoke detectors, may be eligible for a discount on their homeowners insurance policy.
• Good student discount: Members who are students and maintain good grades may be eligible for a discount on their auto insurance policy.
• Pay in full discount: Members who choose to pay their insurance premiums in full rather than in installments may be eligible for a discount.
• Loyalty discount: Members who have been with Modern Woodmen of America for a certain number of years may be eligible for a loyalty discount on their insurance premiums.

Modern Woodmen of America Insurance Customer Reviews

Modern Woodmen of America Insurance has generally positive customer reviews across a variety of online review sites. Here is an overview of what customers are reporting as the company’s strengths and weaknesses:

Strengths:

• Personalized service: Many customers report that Modern Woodmen of America provides excellent customer service, with representatives who take the time to understand their unique needs and goals.
• Competitive pricing: Customers often report that Modern Woodmen of America offers insurance products and services at competitive prices, which can help them save money.
• Range of products: Modern Woodmen of America offers a range of insurance and financial products, which can make it a convenient choice for customers who want to bundle their coverage.

Weaknesses:

• Limited online services: Some customers have reported that Modern Woodmen of America’s online services are limited, which can make it difficult to manage policies and make payments online.
• Slow claims processing: A few customers have reported that claims processing can be slow with Modern Woodmen of America, which can be frustrating for those who need to file a claim quickly.
• Limited availability: While Modern Woodmen of America is available in all 50 states, some customers have reported that it can be difficult to find a local representative in certain areas.

Roundup: Modern Woodmen of America Insurance

Modern Woodmen of America is a fraternal financial services organization that was founded in 1883. The organization offers a range of insurance and financial products to its members, including life insurance, annuities, retirement planning, financial planning, and investment services.

One of the unique features of Modern Woodmen of America is its fraternal structure, which means that it is owned and governed by its members. This structure allows the organization to focus on the needs of its members and to provide a range of benefits and services that are not typically offered by traditional insurance companies.

In addition to its insurance and financial products, Modern Woodmen of America is also committed to supporting local communities through its community outreach programs, scholarships, and volunteer opportunities.