Haris Ashley
LegalShield is a great add-on product for insurance agents. Agents can sign people up via paper application or a website, and the company handles all the servicing while the provider law firms handle the legal questions. LegalShield offers licensed insurance agents the opportunity to offer legal and/or identity theft protection services without paying fees (unless required by the state) or being involved in the MLM side. Agents can also be compensated for offering memberships, unlike competitors. Memberships are month-to-month with no long-term contracts, and there is no signup fee for licensed insurance agents.
| Characteristics | Values |
|---|---|
| Membership fee | Less than $20 per month per family |
| Application fee | $10 one-time fee |
| Contract | Month-to-month with no long-term commitment |
| Underwriting | Not required |
| Identity theft protection | Included |
| Access to legal documents | Included |
| Document review | Included |
| Compensation for insurance agents | Possible |
| Positions available | GA and broker |
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What You'll Learn
No signup fee for licensed insurance agents
LegalShield is a great add-on product for licensed insurance agents. It is a simple way to offer your clients legal services without the hassle of having to provide them yourself. LegalShield memberships are available in the US and Canada and are month-to-month with no long-term contracts, no underwriting, and everyone is accepted. The monthly family membership fee is less than $20 a month with a one-time $10 application fee. Importantly, there is no signup fee for licensed insurance agents.
LegalShield members have access to legal documents included with their memberships, and they can have these documents reviewed by the LegalShield provider attorney per membership contract. Members can contact their provider law firm right from the LegalShield mobile app or call them directly. A customer service representative will ask for some details and forward their information to the assigned provider lawyer.
LegalShield covers most legal situations, including uncontested divorces, child custody, and criminal cases. Members can call their provider law firm for advice on any legal issue and receive a discount on the lawyer's standard hourly rates.
As a licensed insurance agent, you can be compensated for offering LegalShield memberships. You can also offer the Identity Theft Protection service without paying any fees (unless your state requires a license) or being involved in the MLM side. Under LegalShield's broker program, agents start at the top commission levels.
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Identity theft protection
Identity theft is a growing concern, with millions of Americans affected each year. As criminals devise more sophisticated ways to access personal information online, it is crucial to safeguard your identity and assets. LegalShield, a pioneer in offering affordable legal expense plans, provides comprehensive identity theft protection through its IDShield plan.
The IDShield plan offers 24/7 monitoring of your identity, financial accounts, credit report, credit score, and personal information. This proactive approach ensures that any fraudulent activity is swiftly detected, and you receive timely safety alerts. Additionally, the plan grants you access to Licensed Private Investigators and Kroll Advisory Solutions, the leading identity theft restoration consulting company. These experts will guide and support you in restoring your identity to its pre-theft status, helping you navigate the complex process efficiently.
For less than $16 per month, LegalShield's identity theft protection plan covers you, your spouse, and any children under 18. This plan provides peace of mind, ensuring that you have the necessary tools and expertise to prevent and resolve identity theft. You can rest assured that your personal information is secure, and in the unfortunate event of identity theft, you have a dedicated team ready to assist.
When approaching insurance agents about LegalShield's identity theft protection, it is important to understand the company's structure. LegalShield offers a Broker Division, specifically designed for licensed insurance agents to provide legal and identity theft protection services without paying additional fees. This division allows agents to start at the top commission levels, recognizing their expertise and experience. By partnering with LegalShield, insurance agents can offer their clients valuable protection services while also benefiting from competitive commission structures.
LegalShield's identity theft protection is a valuable tool in the fight against identity fraud. By offering this service, insurance agents can enhance their clients' security and provide them with access to a comprehensive safety net. With the increasing prevalence of identity theft, insurance agents play a crucial role in educating their clients about the importance of protection plans and the peace of mind they bring.
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No long-term contracts
LegalShield memberships are available on a month-to-month basis, with no long-term contracts. This flexibility is a significant advantage for those who want to test out the service without committing to a long-term contract.
The monthly family membership fee is less than $20 a month with a one-time $10 application fee. There is no signup fee for licensed insurance agents. Members can access legal documents included with the memberships and have them reviewed by a LegalShield provider attorney. This is particularly useful for those who don't have a will, living will, or healthcare power of attorney, as these are included in the membership.
LegalShield also offers an Identity Theft Protection service, which agents can offer without paying fees unless their state requires a license. The company handles all the servicing, and the provider law firms handle all the legal questions. Members can contact their provider law firm through the LegalShield mobile app or call them directly.
LegalShield memberships cover most legal situations, including uncontested divorces, child custody issues, criminal cases, and business contracts. Members can call their provider law firm for advice and representation at a discount on the standard hourly rates.
However, it's important to note that some people have expressed concerns about the quality of attorneys available through LegalShield, suggesting that the prices are too low to retain good attorneys.
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Access to legal documents
One way to access legal documents is through online databases such as Westlaw, LexisNexis, and Bloomberg Law. These platforms offer vast databases of case law, statutes, regulations, and legal publications from various jurisdictions. They provide powerful search capabilities, allowing users to find relevant documents efficiently using keywords, citations, or other criteria. Additionally, they offer features such as case analysis and legal research tools to streamline the research process. While these platforms are subscription-based, they are invaluable resources for legal professionals, paralegals, and law students.
Another way to access legal documents is through court websites and public access services. In the United States, the Public Access to Court Electronic Records (PACER) service provides instantaneous access to over 1 billion documents filed at all federal courts for a fee. Users can search for specific court cases, access case-specific reports, and view documents online. Fees for accessing PACER are generally based on the number of pages that result from each search, with a maximum charge per document. However, fees are waived for users who accrue low charges in a quarter.
Litigation support services offered by law firms can also assist in accessing legal documents. These services include document review, e-discovery, and trial preparation assistance, helping to manage large volumes of case-related information and evidence. Additionally, law firms can provide research support for cases on appeal, identifying relevant appellate decisions and legal arguments to support their client's position before higher courts.
It is important to note that some legal documents may not be publicly available due to privacy concerns and legal regulations. Certain types of cases, such as family law, juvenile cases, and ongoing criminal investigations, may have restricted access to protect the privacy of individuals involved. Additionally, some documents may be sealed or closed to the public to maintain the integrity of legal proceedings and protect sensitive information.
Overall, accessing legal documents requires navigating various sources, including online databases, court websites, and litigation support services. By utilizing these resources, individuals can obtain comprehensive legal information and stay informed about legal developments.
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Residual income potential
One of the main attractions of LegalShield for insurance agents is the potential for residual income. Associates can earn commissions by marketing and selling memberships, and there is no requirement for them to have a membership themselves. This means that agents can generate a steady stream of income by building a solid book of business, which can even be passed on to their spouse or family members as part of their estate plan.
LegalShield's broker program is particularly appealing, as agents can start at the top commission levels, bypassing the usual bottom-up progression. This program enables licensed insurance agents to offer legal and identity theft protection services without paying fees or getting involved in the MLM side of the business. The ability to earn daily pay, advanced or earned commissions, and bonuses further enhances the residual income potential for agents.
While some agents may have concerns about the MLM structure, LegalShield provides a unique opportunity for insurance agents to diversify their offerings and create an additional income stream. By partnering with LegalShield, agents can expand their services and tap into a new market, increasing their overall earnings potential.
To maximize residual income potential, insurance agents should consider a comprehensive approach. This includes understanding the target market, effectively communicating the benefits of LegalShield's services, and leveraging personal networks and relationships. Additionally, agents can benefit from staying informed about LegalShield's offerings and staying connected through resources like the weekly live conference calls aimed at insurance agents and financial planners.
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Frequently asked questions
LegalShield is a great add-on product for insurance agents. Agents can be compensated for offering memberships, and they can also be compensated for referring clients to other companies. Agents can also offer their clients legal documents included with the membership, which can be reviewed by the LegalShield provider attorney.
Some agents have a problem with the multi-level marketing (MLM) structure of LegalShield. There is also a concern about having to pay a fee to join, although this may not apply to all states.
LegalShield memberships include access to legal documents, which can be reviewed by the LegalShield provider attorney. Memberships also include benefits such as representation in court at a discount, and an identity theft plan.
The monthly family membership fee is less than $20 a month with a one-time $10 application fee. There are no long-term contracts, and no signup fee for licensed insurance agents.
You can sign people up for LegalShield using a paper application or via a website. The company handles all the servicing, and the provider law firms handle all the legal questions.
