The Advantages Of Opting For Legal Protection Insurance

Legal expenses insurance or LEI also known as LPI or legal protection insurance is the type of insurance that covers policy holders from the potential expenditure of legal action that is brought against by the policy holder and another institution or individual. After the event and before the event are the two forms of legal protection insurance.

Most legal insurance systems and plans are considered as the before-the-event, although both are known in some jurisdictions like United Kingdom. The concept in the United States is often called as the pre-paid legal services or PPLS. Some of the specialized forms of legal expenses insurance include various professional liability insurance, like malpractice insurance for the medical practitioners, omissions insurance among consultants, brokers and agents.

Before -the-event insurance is taken by those who wish to avoid themselves from possible litigation cost that they will probably incurred in any future circumstances. The said cost usually includes payments for the solicitors, barristers, court fines and fees as well an expert witnesses and a possible cost that is to be awarded to the other side.

Before-the-event insurance is normally paid on an annual basis and frequently, it is sold under certain packages like home and auto insurance package. It is occasionally being offered as part of benefits to adherents of a trade union or association.

After-the-event (ATE) insurance is used after an event occurred, like an accident which produced an injury, it is use to assure the policyholder for payments of all the possible expenses. After-the-event insurance is used as a remedy by those people who do not have their before-the-event insurance. This insurance policy is very helpful when the policyholder loses the case, because the insurance company is the one who’s responsible in paying the opponent’s legal costs and expenses, also for the policyholder’s own disbursements. This policy is very helpful in a “no win no fee” basis for a personal injury cases, because the costs are covered even the case is lost. Solicitors even require their clients whether they are the defendants or the plaintiffs to take this kind of insurance policy.

The payments of premiums are being deferred until the decision of the case, especially in a “no win no fee” arrangement with this the premium itself is self-insured. Solicitors and claims management companies commonly offered this kind of insurance. ATE insurance costs are frequently recoverable by the winning party from the losing side as part of a monetary damages settlement.

Kinds of cost and benefits that are insured:

* Social Court legal protection
* Employment legal protection
* Punitive damages legal protection
* Legal protection contract
* Tax legal protection
* Administration protection(legal)
* Legal protection for fatalities of criminal offenses
* Data security protection(legal)
* Special security protection(legal)

Costs insured

* Court costs
* Charges of marshal
* Legal payment of opposing lawyer
* Correspondence lawyer legal payment
* Foreign court travel expenses of the appearance of the accused
* Conflicts from vehicle purchase
* Traffic law administration expert payments
* Charges of an conciliation and arbitration
* Payment for witnesses

Prepaid Legal Services – A Legitimate Business Opportunity?

PrePaid legal services Inc is a network marketing company that offers certain legal services for a fixed monthly fee to its subscribers. In this article, let’s see the business aspect of this MLM Company and check out the potential to earn as a PrePaid legal associate.

The Service

Why does anyone need legal insurance? The same reason why you’d need health or life insurance! Everyone’s accountable to the law and we can never predict when we may need the services of a lawyer. Legal insurance is a means to minimize your legal expenses. Membership to this service entitles you to the services of a lawyer for matters such as wills and other legal documentation, settlement of legal issues and minor trial work. Issues such as divorce, drugs related cases and major criminal problems are not covered, but members can use the services of a lawyer for such issues at a discounted rate.

A Look At PrePaid Legal Services

The idea for this venture was born in 1972 when its owner, Harland C Stonecipher got into a legal scuffle and had to cough up huge sums of money. He felt the need for an insurance that would mitigate unexpected legal expenses as well as keep them in touch experts in law to get their queries answered. The business was started as a network marketing company to spread the word through independent associates who could explain details to customers in person. Now, Prepaid legal is established in 50 states and in Canada. In addition to legal insurance, the company also offers a monitoring system to prevent identity theft.

Problems? Is PrePaid Legal Services A Scam?

After a series of lawsuits against the company, many people started proclaiming this business to be a scam. Is PrePaid Legal a scam? My answer is NO. This company has been around for more than thirty years and is listed in the New York Stock Exchanges. This firm is definitely legitimate. It’s easy for MLM companies to gain a bad reputation because there are so many bogus enterprises that take advantage of network marketing techniques.

Complaints against PrePaid Legal Services are mostly from ex-distributors who joined hoping to earn six-figure incomes magically. To them, the grapes were sour; they were not able to generate income beyond a level and they put the blame on the pyramid structure.

Why Should You Join PrePaid Legal?

– Legal insurance is relatively new as compared to other kinds of insurance. This should make it easier for you to sell the product. – The compensation structure and bonus schemes are attractive. There’s good prospect to grow in this business. Commissions are given as soon as the order is handed in. – This is a service that will be helpful for everyone. There should be many takers for this service if marketed the right way.

Distributor Problems

This is not the kind of business that could be sold to customers by strictly following procedures of a typical MLM firm. In fact, using techniques such as inviting people to demo parties, tempting them with gifts and offers and persuading them to buy your service would make your business seem more like a scam because most fraudulent dealers use the same modus operandi. Distributors are not likely to generate much income by just following MLM procedures such as cold calling or prospecting just don’t work anymore.

Selling Techniques

This is a business that could generate really good levels of income if marketed properly. Instead of concentrating on people you know, reach out to the world outside by communicating to them about your product. Online marketing would be the best way to do this. With innovative tools such as Facebook and article marketing, you’re sure to divert a lot of attention to your business.

A Review of the Prepaid Legal Services Income Opportunity

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 insurance? Well, that is what Prepaid Legal Services provide.

Harland C. Stonecipher started these services in 1969. He was in an auto accident that left him with huge legal bills. That is when he started searching for any legal defense plans in European legal industry. That is when he found the Sportsman’s Motor Club that offered legal expense reimbursement services as part of their motor club. He decided to start these services and began marketing in 1983. Now the company is in 50 states and Canada. And they market strictly through a network marketing system.

What does Prepaid Legal Services offer? They market legal service plans. They have a network of law firms over the US and Canada. The customer purchases a type of legal insurance that connects them with a law firm in their area. They receive legal services such as document preparation; unlimited attorney consults over the phone, and will preparation, traffic violation defense problems, general trial defense and criminal defense for auto related charges. They also offer identity theft services that can be added to the customer’s package.

This is a program that has a direct sales compensation plan. 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 $500 per week.

Prepaid Legal Services provide “hands on” experience in how to present the membership with others and help them to see the opportunity in sharing it with others. It works very simply.

1. You will first show the Prepaid Legal Services plan.

2. Sign them up

3. Mail the enrollment form to corporate office to be processed

4. Get paid

As soon as the membership packet is received at the main office, then a commission check is deposited right into your bank account. If you submit new business daily, you get paid daily.

What sets this apart from other direct sales marketing 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 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.

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.

Do your research on the Prepaid Legal Services before you decide. Think about how you will find your leads, your marketing plan. Do more in depth research on the marketing plan. Network marketing has statistics of 90% failure rate. Don’t be a part of that 90%.

The Reason You Are Hesitant to Obtain the Legal Help You Require

Many people would benefit from legal support about once a year. Unfortunately, most people don’t seek legal counsel when these situations crop up.

In 2001-2002 the American Bar Association commissioned a study on the public perceptions of lawyers to be conducted by Leo J. Shapior & Associates. This research had some interesting conclusions that can help us understand the reasons for the disinclination of the typical person to get legal assistance.

The survey found that most Americans think lawyers are capable of navigating through the complex legal system and the majority of those who had experience with lawyers were pleased with the service they received. Nonetheless, lots of Americans also think lawyers can be materialistic, even crooked. Americans do not feel at ease with the associations lawyers have with politicians, the courts, and big business. They also think that the legal profession isn’t self policing.

Many Americans feel hesitant to deal with lawyers since they feel they cannot tell a high-quality lawyer from a poor one. And, most people are unclear about precisely what a lawyer can do for them or the price of that service.

Since many hold these views and uncertainties lots of people who would benefit from a lawyer do not make contact with one. The Shapior research found that roughly 70% of households in any given year encounter a situation for which communication with a lawyer would be beneficial. However, most people indicated they still would not use a lawyer.

Compare this to seeing your family physician. If you have health insurance, when you or your children become sick you do not hesitate to see your medical doctor. If you have several children, you might visit your doctor’s office 5 or 10 times in a single year. You are familiar with your doctor, the office, and possibly even members of the nursing staff. You’ve watched your doctor work with your children and realize the consideration that he or she has for you and your family’s health.

Contrast your visits to your doctor with seeing a lawyer. You probably never visited a lawyer’s office. Maybe you’ve searched through the Yellow Pages and haven’t the slightest idea which lawyer would be best for you. Plus, to top it off, you do not possess legal insurance that will pay for most of the cost of your lawyer’s fees. No wonder you are reluctant to make use of a lawyer.

It seems clear that the common citizen is unfamiliar with individual lawyers. Watching Boston Legal, Law and Order or reruns of LA Law or Perry Mason is not going to get the average person to visit a lawyer even if they could benefit from their help. Perhaps the best tool to encourage more contact with legal professionals is legal insurance. By becoming familiar with a lawyer in less serious situations, a person can have more comfort about contacting a lawyer for more important matters.

You could already have a legal plan available as a benefit from your employer. If not, there are a number of providers that offer prepaid legal plans.

Prepaid legal plans typically cover the costs for you to contact your lawyer by phone any time you have a potential legal situation arise. Additionally, you can normally visit your lawyer to have a will drawn up, or modifications to your will on an annual basis. You can also have your lawyer review legal forms you need to sign to verify that everything is in your best interests.

When you do need extensive legal help, your plan may include a number of hours of your lawyer’s time for pre-trial and trial activities. Beyond the time provided by your plan, you will normally receive further assistance at a discount.

If a year goes by and you don’t need legal support you can deem yourself lucky. One day, similar to fire insurance on your residence, your prepaid legal plan may come in real handy.