Prepaid Legal – A Review

The purpose of this article is to provide some useful information regarding the Prepaid Legal product and business opportunity.

Company Background:
The idea for this business came about in 1972 when founder, Harland Stonecipher, was involved in a serious accident that left him with thousands of dollars in legal fees. This experience led him to recognize a need for an insurance that could reduce unexpected legal costs. Prepaid Legal is now established in 50 states and in Canada. The company provides cost reimbursement for legal services through plans sold by independent distributors.

About Prepaid Legal:
The different insurance plans provide a certain amount of coverage at no cost and increased coverage for reduced rates. The plans can include unlimited attorney consultation, letter writing, document preparation, traffic violation defense, motor vehicle-related criminal charges defense and general trial defense. Not covered are issues such as divorce, drug cases and major criminal cases; however, members can still receive legal assistance with these issues at a discounted cost. In addition to the legal insurance, the company also offers a monitoring system for the prevention of identity theft.

Compensation:
The Prepaid Legal business opportunity is that of a typical MLM in which people can sell and recruit others to sell memberships. For a $49 fee you can become an independent distributor which gives you rights to market the plans to others. Commissions of $69 to $250 are earned when a member personally sponsors an individual into the business.

This is a very credible company, and the product is a good deal, even if you aren’t interested in the business opportunity. If you plan to do it as a business you should have an efficient marketing plan in place to better achieve success.