I decided to investigate an opportunity called Prepaid Legal due to the number of scams running online, this is what I found out…
Prepaid Legal Services, Inc. is a NYSE company that underwrites, develops, and markets legal services all over the U.S. and Canada for over 30 years. The company has access to law firms through low cost prepaid legal plans. The sales of their legal service plans began in 1983 and went public in 1984 through NASDAQ.
From there, the company has hopped from one stock exchange institution to another and was listed in NYSE as the 33rd fastest growing company. The founder felt the need to share his expertise to reach out to individuals who need assistance to various legal issues and expenses, thus the creation of the company.
It wasn’t always rainbows and sunshine for the Prepaid Legal Incorporated. It faced difficult challenges from both former members and legal authorities who charged accounting irregularities like fraud and deception, among others.
The Legal Plan
The services that the company offers allow its members to know their rights and actually exercise them. They provide services that make legal consultation available to their members for such time that they are members at the company. They also help you sort things out from basic problems with traffic tickets to large-scale insurance claims. They also market a theft monitoring and restoration service that can help catch alleged offenders. Apart from the direct selling that they do for their services, just like a social security service program, they are also able to sell these benefits to employees through payroll deduction.
A Few Dollars Go a Long Way
Availing prepaid legal services is made possible with $26 a month which will be pooled along the millions of other members. Of course, legal services are not enjoyed always at the same time by all members and are not always of the same legal fee, which addresses the imperative statement behind the success of their operation. It engages in direct network marketing by inviting people to join the company as associates and invite as many others as possible, leaving an impression that should 9 out of 10 members quit, it will still leave the pilot associate a steady income for a year.
From what I’ve seen so far, it seems to look like a legit opportunity.
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