|RIP Pre-Paid Legal - Introducing Legal Shield|
If it seems like I've been talking about Pre-Paidlegal alot lately it's simply because there are a lot of "interesting" things happening over there.
Take a look at this new twist in the company's branding.
New company name, new branding....Keep reading to find out more about the new LegalShield(SM)
Legal Shield(SM) is a network marketing company founded in 1972 by entrepreneur, Harland Stonceipher. It offers a variety of legal and identity theft protection services for families, individuals, and small businesses. The company was founded as a result of a vehicle accident that Harland Stonecipher was involved in.
He had health insurance for his hospital bills, car insurance to cover his vehicle damage, but what he was most unprepared for were the legal bills that he soon incurred. He discovered that although the United States’ legal system provides “justice for all”, that justice comes at a steep price tag and is often available only in proportion to the amount of money an individual can afford to pay for it.
As a result of this experience Mr. Stonecipher began to examine ways to provide the average American household with access to the top law firms at an affordable price and thus Legal Shield was born.
The company quickly grew and was so successful it was eventually invited to offer its stock on the New York Stock Exchange. Operating under the name Pre-Paid Legal Services, Inc. and ticker symbol PPD the company was one of the New York Stock Exchange’s top performing stocks for many years until the company was purchased by Midocean partners and is now privately held. The decision to re-brand the company and change its name was announced at the company’s convention in Dallas, TX (September 10,2011). Legal Shield currently provides its services in all 50 United States and in 4 Canadian provinces.
Legal Shield Service Summary
Legal Shield offers monthly membership plans that provide numerous areas of coverage. Its most popular plan, the family plan, costs $26 a month and provides coverage in 5 main areas. The first is preventive legal services. Members have access to a top-quality law firm in their state for unlimited phone consultations on unlimited matters. The attornies may also provide contract review and place phone calls and write letters on behalf of Legal Shield members. Members also receive a will prepared for them at no additional charge that includes free yearly updates and reviews.
The second area of coverage is motor vehicle coverage. Law firms will represent the member in court for any moving traffic violations. This includes representation in manslaughter, involuntary manslaughter, negligent homicide, and vehicular homicide charges.
The third area of coverage is trial defense services. In a member’s first year of membership they receive 75 hours of their law firm’s time should they be named in a civil or criminal action. 17.5 of these hours can be used for pretrial services.
The fourth area of coverage is IRS audit coverage. Members receive up to 50 hours of an attorney’s assistance in the case of an IRS audit.
The fifth area of coverage is in regards to legal matters that do not fall within the previous four areas. Members receive a 25 % reduced rate of the law firm’s regular hourly rate.
Legal Shield also provides members with 24/7 access to lawyer should they be detained by law enforcement, involved in a motor vehicle accident, etc.
Another popular service the company provides is its Identity Theft Shield. This service addresses a rampant problem facing households in the 21st century. As identity theft increases exponentially more and more people are finding themselves victims of this invasive crime. Legal Shield’s Identity Theft Shield provides its members with continuous credit monitoring as well as forensic assistance in restoring their credit should any identity theft have been executed on their name.
Legal Shield distributes its products through a network of independent business associates. To sign up as an associate the cost is a one-time fee of $249. The company provides marketing materials, training, and support to its associates.
As is custom with most insurance companies, commissions are paid in yearly advances to associates. Associates have the ability to recruit other associates and earn override commissions when those associates make sales.
Associates also have the ability to build residual income when members maintain their membership beyond one year.
The compensation plan is extremely lucrative on the upfront end, allowing associates to build fast incomes, paid on a daily basis.
The Missing Piece
The Legal Shield opportunity provides associates with a great way to build a home-based business and create financial independence and even wealth for them and their families. However, the business requires work and hard effort to achieve maximum results. Although Legal Shield may sometimes provide its members with potential customers or leads the bulk of an associates’ responsibilities are to find new customers and sales associates on their own. This can present numerous challenges for any associate especially once they have exhausted their own circle of friends and family.
The rise of the internet provides Legal Shield associates with new strategies and tactics to grow their customer base and associate network. Leveraging the internet to market their business can help associates achieve even more dramatic financial success. Mastering online marketing strategies is a critical component to success in Legal Shield and for many associates it is the “missing piece” to achieving great success with this company.