LegalShield/Pre-Paid Legal Services Reviews – Products and Business

Posted in MLM, MLM Reviews

History

LegalShield’s roots date back to 1972 when the company began under the well known name of  Prepaid Legal Services, Inc. The name was changed to LegalShield in 2011, at their Leadership conference in Dallas, Texas. LegalShield’s philosophy encourages families to purchase affordable “prepaid legal” services and theft protection, to have the ‘insurance-like’ protection they might need at a price they can afford for the upcoming legal disasters and battles the purchaser forecasts for their future.

Today, LegalShield is positioned for exponential growth and ready to transform the financial services industry. LegalShield’s new name is part of the new effort at rebranding since the company was acquired by MidOcean Partners in 2011. MidOcean is committed to investing in high quality companies with stable market positions and multiple opportunities for growth. LegalShield can be purchased and functions as an MLM in the United States and 4 Canadian Providences. LegalShield is headquartered in Ada, Oklahoma.

You can trust that LegalShield is:

• Exclusive to LegalShield and was known as Pre-Paid Legal
• Created to assist middle America to have worry-free legal assistance
• An opportunity for individuals who work hard and desire to develop a business to be successful

LegalShield believes their strength as a company comes from its dedication to helping the main street family to become properly protected, with all legal worries dispelled, possibly becoming debt free and financially independent. LegalShield claims it is an MLM company that makes a difference in the lives of their clients, their representatives and their employees.

LegalShield Products

LegalShield provides families, employees and small businesses with affordable access to professional legal services and identity theft protection and restoration services. LegalShield also claims they have unparalleled products, unprecedented earning potential and flexibility for LegalShield Independent Associates. Legal services include the following categories, Real Estate, Family Law, Consumer Finance, Estate Planning and Traffic Issues. Lawyers, in your area, who are experienced but not necessarily experts in each of the categories are available 24/7 for a small monthly fee. It is clear that at least 1.4 million LegalShield members have reason to believe they need the products. The lawyer’s fees are paid prior to the service being delivered, which as the website claims keeps the costs down. Theoretically this plan leaves the family with more money to invest in their family’s future.

Currently:

As of this writing, the LegalShield Independent Associates’ sales force has both part time and full time Associates. LegalShield has remained true to the values that money invested in prepaid legal services is a better value than the worry a legal nightmare may impose upon a family both emotionally and financially. LegalShield Independent Associates are recognized at a national meeting. There they receive the yearly National Awards and well-deserved recognition with LegalShield.

LegalShield Business Goals and Mission

LegalShield’s Vision: ‘Total Access. Total Freedom,’ tagline reflects the expanded vision we have for the company moving forward.

Quote from the website: “Total Access. Total Freedom ”

Direct Selling Association:  DSA (Direct Selling Association)
The direct selling industry has its own trade organization for upholding professional standards and best practices. LegalShield is an active member of the Direct Selling Association.

Community Involvement: LegalShield’s community involvement is unclear from the website.

Going Green: LegalShield’s commitment to environmental sustainability and responsibility were unclear from the website.

Best Future: LegalShield’s future may be partially built on the poor economic conditions and the willingness of the American public to sue one another. It will also be built on bringing in others and building a prepaid legal product business.

Business Opportunity: If you’re interested in learning more about LegalShield opportunity, visit the website. You can also contact one of the LegalShield Independent Associates. Anyone who enjoys the thought of selling a product most will rarely find a use for, and the network marketing method of marketing will enjoy this MLM. There are other alternatives to group planning and presenting to make an extra income. Work at Home.

LegalShield Company Review

Causes: LegalShield has not shared their causes on their website.

Company Management:

CEO : Rip Mason

Founder: Harland C. Stonecipher in 1972

LegalShield Products & Services: LegalShield carries prepaid legal products. Sponsoring new team members and sponsoring events are how the company is built. The more team members you sponsor and mentor through their rewards plan, the greater the income. Ultimately, the more home gatherings you hold and prepaid legal products you sell, the greater the profits. The LegalShield direct sales business will thrive for those who love this product line and the small gathering experience. For others who choose not to sell a prepaid legal product, make a presentation and keep up with the paperwork, this may not be the best way to realize wealth and riches. Working at Home can be successful and fulfilling.

Cost Comparison: The cost of the LegalShield products varies greatly and is determined by the types of prepaid legal product that is purchased. Specific start up information indicates that for $149, you have joined this MLM and can begin to enroll others, and become a LegalShield  Independent Associate. The site did not indicate what happens to the monthly fees taken in by the company if the services are not utilized, although the compensation for the Associates must come from somewhere.

Compensation Plan: The LegalShield business opportunity involves the sale of pre-paid legal products in various combinations, the need determined by those purchasing the product. Some of the products are available in as little as 2 weeks after the appropriate paperwork has been completed and approved. LegalShield representatives are independent contractors, not employees of LegalShield or any of its affiliates. The “Business in a Box” Associate Kit, a comprehensive training program, a sponsor and team support is offered to start the business.

LegalShield Independent Associate Payout

% of Payout: The average LegalShield Independent Associate’s actual % of payout was unclear from the website. Associates are paid through Direct Sales Compensation, Override Income, and Residual Income.

Summary: LegalShield offers a product line that is not always easily understood by those who purchase it. This company has the typical earmarks of an MLM/ Direct Selling Company. You are responsible share the products, to those you meet with, typically in their homes. Most who are interested in making a great deal of money have deserted the party model for a variety of good reasons. If you are considering LegalShield to make you financially self-sufficient, please consider other alternatives to MLM or Direct Selling first. Your BEST alternative and you can Work at Home.

By: Genean (Genie Craff) Craig  Visit the Genie Craff blog.