Online Financial Tips

Prepaid Legal is a company that offers life events legal plans to individuals, businesses and specialty markets. The concept of being able to get access to an attorney at an affordable rate sounds like a good one in theory. However, Prepaid Legal also utilizes a network marketing compensation plan, a compensation structure that has been known to attract “get rich quick” type seekers. Is Prepaid Legal a legitimate company with a real product? What is the truth about Prepaid Legal?

When taking a look at the service the company offers, the product offering seems pretty impressive. For a small monthly fee of $26 or less, the member (Prepaid Legal refers to its customers as members) gets access to a number of different benefits at no additional cost.

The highlight of the plan is the phone consultation. A Prepaid legal member can call the law firm and speak to an attorney over the phone about any type of legal matter he or she has a question on. It doesn’t matter whether the issue deals with landlord tenant law, estate matters, consumer law, real estate or more, the member can have an attorney that specializes in that area of law to provide assistance. Many challenges that we face could easily be avoided or minimized if we were able to speak to an attorney about them. However, at the typical rates of $200, $300, even $400 an hour, phone consultation with attorney’s is simply out of the budget of the average person.

One thing you need to keep in mind is that not all legal issues can be resolved with a simple phone consultation. In many cases, the issue is complexed enough where you actually have to hire an attorney to deal with that issue. If that happens, you will typically have to pay the high hourly rates that attorneys charge even if you are a Prepaid Legal member. However, with Pre-Paid Legal you at least get a 25% discount.

So what type of attorney do you get for $26 or less a month? Did he pass the bar? Is he at the bar? Is he behind bars? What type of doctor do you get for your $20 co-payment? The service that Prepaid Legal offers is very similar to the service that major medical insurance offers. The difference is that while major medical deals with health issues, Prepaid Legal deals with legal issues.

Does the service do what the company says it does? The company has a satisfactory rating with the Better Business Bureau. It has been featured in many major publications such as Forbes magazine, Fortune magazine, Black Enterprise magazine, Money magazine and many more. The founder and CEO of the company, Mr Harland Stonecipher was interviewed on “The O’Reilly Factor” television show. If you are familiar with that show, you know that its host, Bill O’Reilly is very outspoken and loves to give his guest a hard time. Based on what the plan offers and the research that the show did on Prepaid Legal, O’Reilly gave the company a thumbs up.

Prepaid Legal offers a valuable service that many people need and can afford. Not all companies that use a network marketing business model are bad companies and get rich quick schemes. Besides, Prepaid Legal uses a wide variety of different channels to market it services including individual sales, group employee benefits, insurance companies and more. Therefore, if you see a value in getting affordable access to attorneys, you should consider a Prepaid Legal membership. Just using the service one time can literally pay for itself for years and years to come!

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