Modern Woodmen of America · Rock Island, IL United States
Company Description
Phone: 309-786-6481
Fax: 309-793-5547
Toll Free: 800-447-9811
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This link will open in a new window No need to pitch a tent to have Modern Woodmen in your camp. One of the largest fraternal benefit societies in the US, Modern Woodmen provides annuities and life insurance to more than 750,000 members through some 1,500 agents. The group, founded in 1883, is organized into "camps" (or chapters) that provide social, recreational, and service -- as well as financial -- benefits to members. Founder Joseph Cullen Root chose the society's name to compare pioneering woodmen clearing forests to men using life insurance to remove the financial burdens their families could face upon their deaths. Modern Woodmen offerings also include mutual funds, brokerage, and retirement and educational savings plans. To read the full description, subscribe now.
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Key Modern Woodmen of America Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $1,065.6 |
| 2007 Employees | 1,500 |
Modern Woodmen of America Executives
9 executives listed for Modern Woodmen of America's Rock Island, IL location.
| Title | Name & Bio | Contact |
| President, CEO, and Director | W. Kenny Massey | Network |
| Manager, Arkansas Agency and Director | Albert Hurst | Network |
| Coporate Communications Coordinator | Sharon Snawerdt | Network |
Competition
Competitive Landscape for Modern Woodmen of America
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Modern Woodmen of America Competitors
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