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Legalshield Review

Legalshield (formerly Prepaid Legal) is a 40 year old company headquartered in Ada, Oklahoma. The company markets “prepaid legal” services and identity theft monitoring services through a network of independent associates. Forbes magazine ranked Pre-Paid Legal Services as number 78 out of the 100 best companies in America in November 2010.

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The product offerings allow members to access free consultations or have other minor legal services handled for a substantial discount. Basically, you pay legal shield a small monthly fee and then you are able to contact an attorney in your area when you need one for free (or at a huge discount). Since you never know when you might need legal services, this could be a great money saver for you should you ever need any of the services provided by their network of attorneys.

Since identity theft is such a major concern these days, their identity theft service by itself could be worth the money to you.

Why did prepaid legal change their name?

As near as I can tell, the company went from being publicly traded to privately held, probably to get rid of the legal and paperwork burdens of being a publicly held company. At this time, the company “rebranded” as LegalShield, which I think is a better name than Prepaid Legal, and the credit monitoring and identity theft protection fits better under this name as well.

Legalshield’s Services

Legal Shield gives you access by phone to an attorney for basic advice, as well as letters and phone calls on your behalf. If you happen to get audited by the IRS, you can get assistance with that as well. Also, one of the more popular services for new members is preparation of a Will, which every family should have anyway.

LegalShield’s Compensation Plan

The cost is $149 to become an associate with LegalShield, and your normally earn a one year advance commission on new services sold. If you recruit other associates you can earn override commissions when the associates in your downline make sales.

Can you make money with LegalShield?

This is always the big question you should ask when joining any network marketing company. LegalShield is a solid company with a great line of products, and they are definitely a top-notch company. Legalshield is legit!

However, if you’re going to turn this into a serious business, you’re going to need to generate a huge quantity of leads. You see, growing any MLM is really a game of lead generation. He who has the most prospects in his pipeline wins.  If you’re serious about generating leads in volume, I suggest you check out this free system for generating leads.

What do you think about LegalShield? Please leave me a comment and let me know!

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Comments (2)

  1. Mark Wick Says:

    July 8th, 2012 at 4:54 am

    The investment to become a LegalShield Independent is $149.
    The attorneys can be called on an unlimited number of matters.
    Help can be provided for major matters.
    The company became private after being purchased by a private equity company for $650 million, $200 million more than the company’s market value at the time.
    The decision to re-brand the company was made after an extensive study.

  2. Mark Hall Says:

    July 8th, 2012 at 1:11 pm

    Thanks, Mark. I’ll update the getting started cost.

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