The TRUTH about legal prepayment
Prepaid Legal is a company that offers legal life event plans to individuals, companies and specialized markets. The concept of being able to access a lawyer at an affordable price sounds good in theory. However, Prepaid Legal also uses a network marketing compensation plan, a compensation structure known to attract “get rich quick” seekers. Is Prepaid Legal a legitimate company with a real product? What is the truth about legal prepayment?
Taking a look at the service the company offers, the product offering seems quite impressive. For a small monthly fee of $ 26 or less, the member (Prepaid Legal refers to their customers as members) gets access to a number of different benefits at no additional cost.
The highlight of the plan is the telephone consultation. A prepaid legal member can call the law firm and speak to an attorney over the phone about any type of legal matter that they have a question about. It doesn’t matter if the topic is about landlord and tenant law, estate matters, consumer law, real estate, or more, the member may have an attorney who specializes in that area of law to assist. Many of the challenges we face could easily be avoided or minimized if we could speak to an attorney about them. However, at typical rates of $ 200, $ 300, even $ 400 an hour, the telephone consultation with an attorney is simply out of the average person’s budget.
One thing to keep in mind is that not all legal problems can be resolved with a simple phone consultation. In many cases, the problem is complex enough that you hire an attorney to deal with that problem. If that happens, you will typically have to pay the high hourly rates that attorneys charge, even if you are a prepaid legal member. However, with Pre-Paid Legal you get at least a 25% discount.
So what kind of attorney do you get for $ 26 or less a month? Did you pass the bar? Is he at the bar? Are you behind bars? What type of doctor do you get for your $ 20 copay? The service offered by Prepaid Legal is very similar to the service offered by major medical insurance. The difference is that while primary medicine deals with health issues, Prepaid Legal Service deals with legal issues.
Does the service do what the company says? The company has a satisfactory rating from the Better Business Bureau. It has been featured in many major publications such as Forbes magazine, Fortune magazine, Black Enterprise magazine, Money magazine, and many more. The founder and CEO of the company, Harland Stonecipher, was interviewed on the television show “The O’Reilly Factor.” If you’re familiar with that show, you’ll know that its host, Bill O’Reilly, is very frank and loves to give his guests a hard time. Based on the plan and the research the program did at Prepaid Legal, O’Reilly gave the company the go-ahead.
Prepaid Legal offers a valuable service that many people need and can afford. Not all companies that use a network marketing business model are bad companies and get rich quick. Additionally, Prepaid Legal uses a wide variety of different channels to market its services, including individual sales, group employee benefits, insurance companies, and more. So, if you see value in getting affordable access to attorneys, you should consider a prepaid legal membership. Just using the service once can literally pay for itself for years and years to come!
