Are You Considering Pre-Paid Legal?
Pre-Paid Legal was started from an unfortunate event that happened on July 11, 1969. Harland Stoneciper was seriously injured in a head-on car accident that required hospitalization. Harland had auto, health, and life insurance to cover the costs, but no protection the legal bills that accumulated.
Frustrated from this experience, Harland Stonecipher started Pre-Paid Legal on August 8,1972 offering legal expense reimbursement services as a motor service club. Ten years later, Prepaid started the network marketing business model. You can find Pre-Paid Legal on the NYSE.
The Service
The Pre-Paid Legal Life Events Legal Plan provides the customer access to qualified law firms and attorneys to help you out with legal issues that may arise in your life. Anyone can become a customer for $26 per month or less depending on the plan they want. There are many plans to choose from based on your need and the state you are located in.
The Business Opportunity
The entry cost is low. For $49, you can become an associate. There are three ways to make money with Pre-Paid Legal. The first source of income can come from selling individual memberships, employee benefit memberships. etc.
The second source of income is override commissions. You are paid when you enroll new associates. The compensation plan that Pre-paid legal offers is very generous Stair-Step Breakaway plan. You can be paid commissions on a 1 year advanced plans. Every time a distributor personally sponsors someone into the business, the associate receives a commission ranging from $69-$250. Override commissions are earned when the associate qualifies for certain levels. Here are the levels and override commissions based on 26$ Expanded Family Plan enrollments.
· Bronze $7.00
· Silver $5.00
· Gold $4.00
· Platinum $2.00
· Platinum 2 through 7 $0.50
The third source of income is Executive Director Breakaway Bonus Advance, Director Breakaway Bonus Advance, and Platinum Breakaway Bonuses.
Pre-Paid Legal has passed the acid test. The company will continue to grow while providing excellent legal services to their customers. Learning how to market in this business is key if you want to become successful. You need the right skills and knowledge if you want to generate the kind of momentum the top producers do. You also need to learn a simple strategy on how to make money off your leads even if they do not join your business so you stay in the game. Strategies and tools are required if you want to become a top producer.
