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.
Posts Tagged ‘Service’
Prepaid Legal Service-What Do They Offer and is the Service Worth the Price?
Category Legal
Should You Join A Prepaid Legal Plan Service?
Category Legal
A legal plan service or membership program, is a concept that has been around for a number of years. Legal plans became popular in Europe in the 1930’s, and they remain popular and well-known there today. In America, legal plans have also become increasingly popular, as more companies have offered different plans, and individuals and business have seen their value. Legal plans work by providing basic coverage and attorney services for a membership, or a prepaid fee, that is usually paid monthly or yearly. By paying the membership fee, you have access to an attorney and their services, where without the plan you would have to pay, in some cases, a substantial fee. Having a legal plan service can make good sense, but it won’t solve all your legal issues.
Most of these plans focus on preventative legal care, so you can get legal assistance and advice before you start having legal difficulties. They also cover some basic issues that many individuals or businesses need legal assistance with. You will be able to have a free consultation with an attorney at no additional cost, often initially by phone. You can usually call the attorney on as many different legal issues as you want, you will receive a free consultation for each question or issue. This can be a powerful tool, as you can often get many of your legal questions or issues handled this way.
Other services are also included in legal plans. Normally a free will will be included, with yearly updates. Many plans will also write a letter or a make a call on your behalf. This is a valuable service if you are having a dispute, as an awareness of attorney representation can clear up many issues with a 3rd party. In addition, you will also have coverage for contract or document review, where your attorney will review documents, such as agreements or sales contracts, and answer any of your questions. If you need more legal assistance, such as an appearance in court, or extra legal help, you will get a discount on the attorney’s hourly fee.
There are a variety of legal plans available. The most basic plan is the individual or family plan, but many legal service plans also offer business coverage, where they provide basic legal services tailored for a business. There are even more specialized legal plans available, such as one designed just for truck drivers. A great way to join is to see if you workplace offers a plan as an employee benefit package, many do. In many cases, you can join for free or reduced cost.
There are some limitations. Prepaid legal services are not designed to solve preexisting or ongoing legal issues. There focus is on preventative care and access to an attorney for a consultation. If you have a major legal issue, such as a law suit, a divorce, or bankruptcy, a legal plan will be of limited assistance, although you will probably get a discount of the hourly rate you would normally pay an attorney. A legal plan service is a way for middle class Americans to have the access to attorneys that used to be the province of the wealthy. Having a plan is a great way to help keep yourself out of legal trouble with preventative assistance, but it won’t solve all of your legal problems.
Legal Service Now Includes Cash Advances
Category Legal
Legal service can be an ominous phrase that most associate with huge expenses. But for those in the litigation funding world, the word legal service takes on a quite different meaning. Imagine a legal service that advances money!
Victims of car accidents, workers compensation, and other personal injury cases can get a cash advance up front to pay bills before their lawsuit settles. When there is no money to make monthly payments, plaintiffs lapse into a crisis situation where a legal service such as a cash advance can save them from financial ruin.
Plaintiffs rarely think about this legal service until misfortune strikes. Many times those injured in accidents are the sole breadwinners. When their health and mobility is compromised, they’re unable to pay their bills. Their options are limited and that’s when a legal service such as a cash advance is essential!
In taking a cash advance against their pending lawsuit, plaintiffs can ease the strain of financial burden and not be out of pocket with money they don’t yet have! Best of all, this legal service is non-recourse; if the plaintiff doesn’t win their lawsuit, they don’t have to repay anything.
In addition to providing a cash advance, there is another important legal service; the ability to match plaintiffs with attorneys whom are skilled and knowledgeable to handle their specific case types. This way, the plaintiff can benefit from each legal service Oasis offers from beginning to end.
For most plaintiff’s, this legal service has provided them with an attorney they can trust and saved them from losing their homes, helped them pay their medical bills, and kept them out of bankruptcy.
Most people don’t even think about legal help unless they’re involved in an accident, lawsuit, divorce, or if they need a will drawn up. Searching the word legal help on the internet connects you to thousands of entries pertaining to attorneys and their legal help services. In this world, legal help can be costly, frustrating, and time consuming.
But for those in the litigation funding world, legal help takes on a quite different meaning. Imagine a legal help service that advances money! In taking a cash advance against their pending lawsuit, plaintiffs can ease the strain of financial burden and not be out of pocket with money they don’t yet have! Best of all, this type of legal help is non-recourse; if the plaintiff doesn’t win their lawsuit, they don’t have to repay anything.
Legal help is available to victims of car accidents, workers compensation, and other personal injury cases. Plaintiffs get a cash advance up front to pay bills before their lawsuit settles. When there is no money to make monthly payments, victims can lapse into a crisis situation where legal help such as a cash advance can save them from financial ruin.
Plaintiffs rarely think about this type of legal help until misfortune strikes. Many times those injured in accidents are the sole breadwinners. When their health and mobility is compromised, they’re unable to pay their bills. Their options are limited and that’s when legal help such as a cash advance is essential!
In taking a cash advance against their pending lawsuit, plaintiffs can ease the strain of financial burden and not be out of pocket with money they don’t yet have! Best of all, this type of legal help is non-recourse; if the plaintiff doesn’t win their lawsuit, they don’t have to repay anything.
In addition to providing a cash advance, there is another important type of legal help; the ability to match plaintiffs with attorneys whom are skilled and knowledgeable to handle their specific case types. This way, the plaintiff can benefit from each legal service and get the legal help they deserve from beginning to end.
For most plaintiff’s, this sort of legal has provided them with an attorney they can trust and saved them from losing their homes, helped them pay their medical bills, and kept them out of bankruptcy.
Further info can be obtained at www.OasisLegal.com.