Legal Plans have become more and more popular since the year 2000. It has been estimated that over 120 million U.S. Citizens have some type of legal service plan. In Europe, the Pre-Paid Legal Service Business has been around since 1907. Although, some legal plans have been sold in The United States, they were a rare phenomenon. However, they were being sold in The U.S. as early as in the 1970’s.
Some legal services are offered through independent associates, who specialize in a particular area, but, most of the legal companies providing legal care offer services via insurance agents working on commission or staff who are salary based.
In some lucky states, these pre-paid legal plans are a part of insurance plans, however, one must obtain an insurance license from their state in order to market memberships.
In essence, folks pay a relatively small monthly fee, anywhere from between $ 16.00 to $ 30.00 to have lower costs for attorneys and such. In turn this coverage will include many legal documentation such as buying real- estate, cars, identity theft, letters, wills and any problems one may have with insurance companies. The idea is, if you have a legal problem, you just contact Pre-Paid Legal to sort things out for you.
The company also offers a company opportunity where people are allowed to recruit and sell to others who in turn may sell and recruit others as well into the company’s ‘ Pre-Paid Legal Membership System ‘.
However, one must always use caution as there disadvantages to diving in head first into any business which is unknown to you. Getting the necessary skill set to grow your business is key to any successful business.
Also, the advantage points are simply having the well sought after knowledge to make any business a success story.