LegalShield Review: Is The Prepaid Legal Services MLM Really Legit?
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At one point or another in our lives, we all need legal advice for many reasons. Attorneys can help us fight criminal charges, prepare wills, and protect our identity from being stolen by thieves. However, such services can be quite costly. Businesses such as LegalShield provide a way for us to prepay for legal advice at discounted rates. But is pre-paying for these services worth your while? You may have read many other LegalShield reviews online already seeking the real truth about its products and services. Let's take a closer look in this review.
What is LegalShield?
LegalShield.com is a multilevel marketing company that offers prepaid legal services for individuals and businesses. The company started as the Sportsman's Motor Club in 1972. It changed its name to Pre-Paid Legal Services in 1976 and was bought out by MidOcean Partners in 2011 to become what it is known as today.
What Products Does LegalShield Offer?
The company provides prepaid legal plans from more than 7,000 independent attorneys in the United States and Canada. Its services also include identity theft monitoring and reputation protection services. The legal service plans include attorney consultations, document preparation, and general trial defense. Attorneys can assist you with will preparation, traffic defense, criminal defense, and more. At the time of this review, personal plans start at $15.95 per month and can go up to $24 depending on the state you live in. Whereas small business plans start at $39 per month and go up to $149 depending on the plan you select.
LegalShield Compensation Plan
Associates earn a percentage on every prepaid legal plan that they sell. For example, selling the $17.95 per month Standard Plan nets a 20% advance commission equaling $2.97 per month. Potential commissions can be earned at higher rates as an associate advances through the marketing plan. Associates are also able to earn commissions from associates they have personally recruited into the business opportunity as well as cash and trip reward bonuses. If you have no interest with selling prepaid legal services, I suggest you take a look at my Best Work At Home Recommendation.
How to Become a LegalShield Associate?
To become an associate through Legal Shield, individuals are encouraged to complete a contact form on the company's website. An associate in the person's vicinity will then contact them and invite them to a local event to learn more about the opportunity. According to the company's Income Disclosure Statement for 2015, a person must purchase a startup kit for $249 plus any applicable state licensing fees. This kit includes all the brochures and forms you need to get started with the business opportunity.
What We Like
Excellent BBB Rating: At the time of this review, LegalShield has an A+ rating along with full accreditation with the Better Business Bureau.
Mobile Apps: The company offers a free mobile app for both Android and Apple devices. Members can get the assistance they need during covered emergencies 24/7. The apps now include a feature where you can submit snapshots of speeding tickets directly to your attorney.
Members-Only Discount on Hourly Rates: Members are able to receive a 25% discount off of the standard hourly rate for generalist and specialist lawyers. The discount applies for pre-existing legal issues, contested family matters, lawsuits, and more.
Don't Expect To Make A lot Money: According to the company's own income disclosure statement, about 83% of all associates made less than $1,000 annually in 2015. The top annual average earnings was only approximately $13,000. This is far less than what you can make flipping burgers. If earning a substantial income is important too you, then I highly recommend checking out my Best Work At Home Recommendation instead.
Expensive Startup Costs: You will need to pay $249 upfront for a kit to get started as an associate. In some cases, special licensing is required depending on the state you live in. You will be responsible for these costs as well.
Can't Protect Itself Against The Law: The company has run into its own litigation problems in several states. Legal Shield fails to properly report its compensation to sales associates in Wyoming. In 2009, the FTC sent the company a letter with allegations of product and service misrepresentation. Several lawsuits regarding similar issues popped up in Missouri during the early 2000s. LegalShield only won two of these lawsuits and the rest resulted in settlements against the company.
Cancellation Headaches: The majority of online complaints concern cancelling membership. LegalShield states that members can receive a full refund if they cancel within the first 30 days of enrollment. However,many customers reported customer service issues when trying to cancel. Customers say they were given the run around and told to contact different departments or couldn't be reached altogether.
So is LegalShield Legit or A Big Scam?
LegalShield is a legitimate multilevel marketing company offering affordable prepaid legal plans for both businesses and individuals. Associates can earn commissions on the plans they sell as well as those from members they have recruited into the business opportunity. However, the majority of associates do not appear to be earning a substantial income on a yearly basis.
Multiple streams of income are the best way to make money from home. However, LegalShield doesn't seem to offer enough income as a full-time business. If you are serious about acquiring more passive income, you may want to consider my Top Work At Home Recommendation and my Work At Home Courses. Always do your research before selecting a business opportunity that is right for you.
After reading many other online LegalShield reviews as well as mine, you should now completely understand its products and services a whole lot better. If you have any thoughts or experiences with LegalShield, I'd love to read them in the comments below. And if you enjoyed this review, please free to check out my other work at home reviews as well.
Until next time,
Eddy with a y