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LegalShield (previously known as Pre-Paid Legal Services or simply Pre-Paid Legal) is an American corporation that sells legal service products direct to consumer through employer groups and through multi-level marketing [9] in the United States, and Canada. It was available in the United Kingdom from 2019 [10] to 2021. [11]
PrePaid Legal Services and companies like it sell plans that are billed as "legal insurance." These plans supposedly help the average consumer received "free" legal services in many cases, and ...
Legal stuff happens. You might not expect to need a world-class criminal defense lawyer in your lifetime — and you might hope to never need a quality divorce lawyer. But most adults incur ...
In December 1997, Primerica announced it was going to begin offering pre-paid legal through Pre-Paid Legal Services, Inc., at the time a subsidiary of Travelers Group, Inc. [29] In 1998, the US Securities and Exchange Commission (SEC) censured and fined PFS Investments Inc., the securities arm for Primerica, for failure to properly supervise a ...
Pre-paid legal services are relatively new in the United States. There are a variety of online legal services that offer legal plans which usually cover specific events like drafting a contract or a will, while legal protection insurance covers unforeseen events (e.g. employment or consumer disputes). Legal plans rely mainly on bulk savings ...
Customers typically paid a single sum of money up-front for the contract. Insurance companies affiliated with the company issued life insurance policies related to the contracts.
A private exchange is an online marketplace that allows employees or retirees to shop for a personalized benefits package from a broad selection of benefit plans, which often includes medical, vision, dental, life, and disability insurance plans, as well as other offerings including non-insurance products like prepaid legal, FSA's, identity theft protection, and so on. [2]
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