In Business Since: 1972
Comments:We all know how important it is to have insurance, whether it is car insurance, health insurance or even life insurance. Did you ever think about legal coverage as a form of insurance? Well, that is what Pre-Paid Legal Services provide. Pre-Paid Legal develops, underwrites and markets legal service plans through a network of more than 2,000 independent law firms across the U.S. and Canada. The plans provide for legal service benefits, including unlimited attorney consultation, letter writing, document preparation and review, will preparation, traffic violation defense, automobile-related criminal charges defense and a general trial defense. The Company also markets an identity theft restoration product.
Advantages: Financial Strength and it is a service that anyone can use especailly if you are running a home based business. What does Pre-Paid Legal Services offer? They market legal service plans. They have a network of law firms across the US and Canada. Whne a customer becomes aPre-Paid Services client (member), they receive legal benefits including unlimitied attorney consultation, letter writting, document prearation and review, Will preparation, traffic violation defense, automobile related criminal charges defense and a general trial defense. They also offer identity theft services that can be added to the customer’s package. Here is some service you might consider as a home business:
* Legaldocument library available in members-only back office
* Lawsuit trial defense benefits
* Scheudle C Tax audit representation if sole proprietor
* Legal entity review
* Review business paperwork and contracts
* Business letter review
* Legal issues of running out of your home
* Privacy issues on websites
* What data is safe to keep at home
* Liability insurance - what to do and needed
Disadvantages: The way some associates sell the product to get out of traffic tickets that individuals know they are guilty of.
Entities:
Transferable Saleable Willable Structure as Corporation Entity
Yes Yes Yes Yes
Financial Strength: Very strong.
Management: Established
Online Training & Support: Excellent online support available via corporate website including Team websites, conference calls and sponsor's guidance.
Field Training & Support: Available via annual conventions, newsletters, regional events, weekly meetings, and classroom trainings provided by an Area Trainer. Many of the teams are offering Identity Thieft seminars to educate both corporations, small business owners and the general public.
Motivational Support: Available online, corporate newsletter, regional and national conventions, weekly meetings, and classroom trainings. Excellent motivational support.
Products/Services: Plans are sold by independent associates and can be purchased either by a one-on-one basis or in a group setting as the plans may be provided as an employee benefit. All Plans are non-contractual and may be purchased on a month-to-month basis or on a semiannual or annual basis.
Plans provide preventive legal services, which include telephone consultation on unlimited personal legal issues, document and contract review, and will preparation (with yearly updates). They give members access to professional legal counsel not only for traditional legal problems, but for everyday events such as:
* buying a house or a car
* creating a will
* handling a problem with an insurance company
* Identity theft...
* Compensation Plan:
What sets Pre-Paid Legal Services apart from other compensation plans is the “daily pay” plans. Commissions, overrides and bonuses are paid on a daily basis. When an associate makes a; $26 membership sale, the company pays out a total of $245.50. The reason they do this is because most members stay with the company over the years.
Building your business is the best way to insure a great income for you if you decide to be a part of this company. When you have 3 teams beneath you and 75 sales, you reach the top level of Executive Director. If you only had 30 associates in your group sell one membership per week, assuming a one-year commission advance, you would be able to earn $975 per week. This is if everyone that purchases a membership stays in the program.
To get started the investment is $249 (plus your membership subscription) for their FastStart program or only $49 (plus your membership subscription) for the discounted program. The options can be seen on the website. For anyone seriously looking at this as a business they need to study the differences. The $249 has many benefits.
To get started will only be $49. This will include your sales materials; you’re training in the field, Support from your team, support from the Home Office through the Marketing Services Team, access to marketing supplies and online associate services.
An Independent Associate will be able to make $50 to 182.50 on every $26 membership sold. When the Independent Associate markets 5 memberships per week, he or she is made a Senior Associate. At that level, the earnings will be about $500 per week based on the compensation plan as of this review. With the FastStart program, a new Jr. Associate can advance quicker. To advance from Jr. to Sr. Associtate in the FastTrack program al they need to do is sponsor one new FastTrack associate with membership potentially allowing them to become profitable faster.
Building your business is the best way to insure a great income for you if you decide to be a part of this company. When you have 3 legs beneath you and 75 sales, you reach the top level of Executive Director. If you only had 30 associates in your group sell one membership per week, assuming a one-year commission advance, you would be able to earn $975 per week. This is if everyone that purchases a membership stay in the program.
Territories: USA and Canada
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