LegalShield, Pre-Paid Legal Services Inc.: Facts, News, and Reviews

by louabbott on October 17, 2009

Formerly Pre-Paid Legal Services, Inc., LegalShield “was formed in 1972 by Harland C. Stonecipher.

“It was started all because of an accident … since that time, the product has evolved steadily over the years into one of the most comprehensive legal service plans in the industry.

Company mission is making a difference while making a living, and with the addition of the Identity theft shield Prepaid Legal Services is allowing over 1.5 million families to sleep better …

Since inception, Prepaid Legal, now Legal Shield … the leader in the industry in the USA and Canada. Prepaid Legal is traded on the NYSE, under PPD, and because of the massive market the company has experienced over 11 straight years of growth … less than a 2% market penetration. We are very excited about the future …” — Executive Leader Jason Buckner

Fomerly, Pre-Paid Legal was a public company with trading  symbol: PPD –  NYSE.  Since their rebranding in 2011, the company is now private.

Founder: Harland Stonecipher, now retired

Comp Plan: Stairstep breakaway

LegalShield Company Site

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{ 2 comments… read them below or add one }

Legal Plans January 2, 2012 at 9:19 am Thumb up 0 Thumb down 0

It is truly a great and useful piece of information. I’m satisfied that you just shared this helpful information with us. Please stay us informed like this. Thank you for sharing.

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Richard Kratochvil May 21, 2010 at 12:22 pm Thumb up 1 Thumb down 0

Over the past 30 years, I have been involved in many MLM companies. Amway, Primerica , Quarum, and others just to name a few. About 9 months ago I started my own Pre-Paid Legal business and have been very happy with the results thus far. I will tell you I believe the big difference in my success THIS TIME is because I did NOT make an emotional decision when looking at MLM’s.

You need to take a look at a couple things. First, the product or service! Is there a need (a real need) or is it just another avenue or channel for distribution of what is already available in the market place. Secondly, take a close look at the compensation and make sure it MOSTLY based on the sale of a product or service. When I say “SALE” I mean selling to customers, and not to yourself. Don’t be fooled on the old saying “Buy from your own business”. Those type of companies depend on recruiting as their major source of revenue, and commissions will be VERY LOW unless you build a very large team.

Dont get me wrong, MLM is all about building a team and growing your business using leverage, that’s not new. But if you sell a product or services, the commissions should be substantial regardless if you build a team or not.

MLM is a great way to financial freedom and stability, just choose wisely.

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