Inside Legal Shield: A Critical 3rd Party Review
About Legal Shield
Legal Shield is a company founded in 1972 by entrepreneur and visionary, Harland Stonecipher. Mr. Stonecipher founded the company after being involved in a serious vehicle accident. Although he had car insurance to assist in his vehicle damage as well as health insurance to cover his hospital bills, he was completely unprepared for the legal expenses he quickly incurred.
Mr. Stonecipher quickly realized that although the United States has long had one of the world’s most advanced legal systems offering “justice for all”, often times that justice comes at quite a steep price that the average American unfortunately struggles to afford.
He decided to create a solution and thereby offer top legal services to Americans everywhere at a fraction of what those same services would normally cost. Pre-Paid Legal Services was born.
The company expanded quickly and was even listed on the New York Stock Exchange where it was a consistent top performer. In June of 2011, Stonecipher and his shareholders completed the sale and managerial transfer of the company to Midocean Partners, making it a privately held company for the first time in a long while.
The decision to re-brand and rename the company, Legal Shield, was officially announced at the company’s convention in Dallas, Texas on September 10, 2011. Legal Shield provides its services throughout the United States as well as in 4 Canadian provinces.
Legal Shield Service Summary
Legal Shield services are available on a month-to-month basis. Members have access to a multitude of service offerings that are tailored specifically to their needs. For $26 a month, one of the most popular plans the company offers members is called the Family Plan. It provides members with 5 main areas of coverage.
The first area of coverage is preventive legal services. Members receive access to premier law firms in their state for unlimited phone consultations. Members can have wills prepared for them as well as letters or phone calls written or placed on their behalf by the law firm.
The second area coverage is for motor vehicle incidents. Members can receive representation and consultation for moving traffic violations as well as for incidents of manslaughter, involuntary manslaughter, negligent homicide, and other vehicular homicide charges.
The third coverage area is trial defense. Members receive 75 hours of their law firm’s time for civil or criminal suit consultation and representation. Additional hours are available at a significant discount of the law firms’ regular hourly rate.
The fourth area is IRS audit coverage. Members have access to up to 50 hours of a tax attorney’s assistance in case they are audited by the IRS.
The fifth area of coverage provides members with a 25 % discount of the law firm’s regular hourly rate for legal issues that do not fall within the four areas of coverage.
Legal Shield also offers its members 24/7 access to an attorney should they be detained by police, be involved in a car accident, etc.
Another one of Legal Shields more popular services is its Identity Theft Shield. For a monthly fee this service provides continual monitoring of a member’s credit profile as well as full forensic restoration services in case their identity is compromised.
Legal Shield markets its services through a diverse network of business affiliates known as independent associates. In order to enroll as an associate one must pay a one time fee of $249. The company provides marketing materials, support, and on going training.
Legal Shield pays advanced commissions on the sale of its membership plans.These upfront bonuses can be quite lucrative allowing associates to generate large commissions paid on a daily basis. Legal Shield associates also have the ability to recruit other associates to market the company’s services and recruit associates. Associates are able to earn commission overrides on the sales efforts of those within their own personal sales organisations.
The Missing Piece
The Legal Shield financial opportunity provides associates with a fantastic opportunity to build a lucrative home-based business and achieve financial independence. However, as with any business enterprise an associate’s chances of success are directly related to hard work and effort in order to achieve maximum results.
Although Legal Shield may sometimes provide its associates with potential customers or leads the reality is that the vast majority of an associate’s responsibility is to find new customers and sales associates on their own. This presents numerous challenges for any associate especially those who have not been able to grow a business beyond their friends and family members.
However, with the dramatic rise of the internet, Legal Shield associates can now equip themselves with dynamic new online marketing strategies and approaches that will help them grow a successful Legal Shield business without having to chase friends and family members around. Mastering online marketing strategies is a critical component to success in Legal Shield and for many associates it is the “missing piece” to achieving great success with this company.