If you are looking for a network marketing company that offers a unique service to it’s customers then you might want to take a look at Pre-paid legal services. Here’s why…Pre-Paid legal services offers legal expense plans that give middle and lower class Americans access to the justice system. If you look at the legal system today you will find a broken system. There are millions of lawsuits filed everyday from divorce, child custody, civil suits, criminal suits, etc. There is also a huge problem with identity theft nowadays. It is very easy for someone to commit drivers lisence fraud, social security fraud, and credit fraud.Pre-Paid Legal Services is a 35 yr. old New York Stock Exchange company and was founded by Harland Stonecipher. They offer a wide range of legal plans. The most common plan is the expanded family plan. The plan covers you and your entire household for $26.00 a month. The expanded family plan is broken down into five titles of coverage. 1) Preventive Legal Services2) Motor Vehicle Legal Expenses3) Trial Defense Services4) IRS audit services5) Preferred Member Discount on any additional legal matter.
A special membership called the Legal shield is added on with the expanded family plan. It allows a customer to contact their attorney immediately if they are arrested or detained. It doesn’t matter if they are detained at two in the morning, they can contact their attorney.
As far as a network marketing opportunity you have a couple of things going for you. The legal industry is hard to get access to, most people can’t afford the high price of attorneys. Also, a majority of legal problems can be prevented if people have access to legal advise. Another advantage to their opportunity is it’s highly affordable for the average consumer. Your talking about a $26.00 or less monthly expense. Their memberships are not a hard sale to make if explained right.I wouldn’t do this review justice if I didn’t mention the other popular membership that Pre-paid legal offers. It is the Identity theft shield. Pre-paid legal partnered with Kroll Background of America a number of years ago. Kroll specializes in Identity theft and has allowed prepaid legal associates to market the Identity theft shield service. For $12.95 a month or $9.95 a month added on to a Pre-paid legal membership customers have complete protection in regards to Identity theft. The service provides continuous credit monitoring and credit restoration. If a customers Identity is compromised they will be provided with an expert that will go to work to restore their name. The service provides 600 hours of the experts time with no additional charge.Today, we know that Identity theft is one of the fastest growing white collar crimes in America. We also know that most people use credit or debit cards to pay for purchases. This provides a huge opportunity for associates to cash in and help consumers.The compensation plan that Pre-paid legal offers is very generous. They pay out 1 yr advanced commissions on all their plans. For example, if an associate sells the expanded family plan for $26.00 + the Identity theft shield for $9.95 an associate will earn starting out $36.00 and it goes all the way to over $250.00 for marketing a $35.95 membership. Obviously I can’t explain the entire comp plan in detail in this article, that’s why I placed a link at the end for more information.In closing, I want to mention the last benefit of the network marketing opportunity that Pre-paid legal provides and that is they PAY DAILY. When a membership is process they pay their associates the next business day.I attempted to write a short overview of Pre-paid legal but now I want to talk specifically to the home business opportunity seeker. If you desire to learn how to be an ENTREPRENEUR and how to MARKET the Pre-paid legal service plans the easy way then you need to partner with leaders who can teach you how. For more information check out the resources below.
http://www.CarlCoffin.com – Empowered Entreprenuer Creating Value In Others.
http://www.Prepaidlegalonline.net – A Business That Changes Lives.
Posts Tagged ‘Prepaid’
Prepaid Legal Services Network Marketing Review
Category Dance Music, Legal
Prepaid Legal Service-What Do They Offer and is the Service Worth the Price?
Category Legal
What is the Prepaid Legal Service, and why is this company so popular today? Prepaid legal is well known for the business opportunity and the many people that are making serious money selling the services.
However, many aren’t aware what they actually do. Here is a quick review of this to help you better understand the company, and if you want to get involved selling the services yourself.
Prepaid Legal sells legal insurance, so instead of risking those huge legal fees that occasionally come up even more for simple tasks, you just pay a small monthly fee and you don’t have to worry about it. At least, that’s what the company claims.
Instead of going without legal help in an emergency, as many people do, going with Prepaid Legal enables you to get a top lawyer for less than one dollar a day in some instances, which certainly sounds like a very reasonable price (although I will explain shortly why you probably won’t save any money with this).
One thing to keep in mind is that, even if you don’t have to use the lawyer’s service for a given month, you still have to pay the fee. The lawyers are available to help you with all different kinds of topics, including minor things such as speeding tickets.
Just about any legal help you need, you can get with the assistance of Prepaid Legal Services Inc. All you have to do, whenever you have a legal question, is ring them up and ask them whatever you need, and they will tell you what needs to be done. Assuming you are paying the monthly fee, you have access to them.
Your amount of phone calls is limited by the amount you are paying, and some plans enable you to have more than others. Also, the more you pay, the more expensive legal fees that are covered.
The basic Prepaid Legal Service only cover the absolute bare bones legal problems, whereas a higher monthly cost will enable you to have access to lawyers for pretty much anything.
However, while legal insurance sounds awesome and like you will save a lot of money with it, don’t be fooled. The reality is, while in some instances it can save you money over the short term, if you have a high priced legal issue, for example, by far more often than not you will lose out long term. Most people simply don’t use lawyers enough to make legal insurance worth it, despite what the companies claim.
Sure, spending thousands of dollars for one legal fee is no fun at all, which you sometimes have to do for larger problems without insurance. However, over the course of the time you have a prepaid legal service, you will likely spend more than that, as those monthly fees can really add up.
Even the more basic plans are not usually worth it for most people, and the only way they would be is if you plan on having a lot of legal expenses for the near future.
Therefore, don’t believe just anything you hear about them, because remember, in case you aren’t aware of it, the company has a wide range of distributors selling their legal fees. Oftentimes the person describing them will be a distributor themselves, so they obviously have a vested interest in whether you buy or not.
In my opinion, legal insurance is one of those things that you probably won’t need in all likelihood, right up there with pet insurance. I would recommend you stay away from the Prepaid Legal Service unless you really plan on using your lawyer a lot in the coming months or years.
Prepaid Legal Business Review
Category Legal
1) Prepaid Legal
In 1972, a life insurance salesman by the name of Harland Stonecipher was involved in a serious motor vehicle accident that greatly affected his life. Although Stonecipher\’s vehicle and medical expenses where insured, he was left with legal fees totally several thousands of dollars.
From this tragedy, Stonecipher was inspired to provide others with legal insurance. In 1979, Prepaid Legal became a publicly traded corporation. The company provides legal expense reimbursement services through plans sold by independent distributors.
2) Prepaid Legal Plans
Independent distributors market legal insurance plans through Prepaid Legal. This means that you are basically insuring your future legal needs. Plans offer a certain level of coverage at no cost and then increased coverage for reduced rates. The new plan owner pays a membership fee and premiums to obtain their coverage.
For a $49 fee, you can become a Prepaid Legal independent distributor. This gives you the rights to market the plans to individuals, families, or businesses.
3) Prepaid Legal Compensation
Prepaid legal markets their business opportunity under the network marketing umbrella. Prepaid Legal pays commissions of $69-$250 every time you personally sponsor someone into the business.
The way that you achieve success with Prepaid legal is by recruiting and training others to sell the legal insurance plans. By creating a system for others to follow, you can leverage yourself and your time.
In conclusion, if you are anticipating a large amount of legal needs in your future, the Prepaid Legal business opportunity might work well for your needs. However, if you wish to promote the business, you are going to need to have an intelligent marketing plan and budget in place to achieve success.