- 1,953
Pre-Paid Legal has become Legal Shield. There are many insurance agents who market the Legal Memberships(Individual, Group and Small business) and Identity Theft Plans along with their current business.
Considering Insurance Part Time?
- Thread starter ArkNavyVet
- Start date
WHy did they change the name?
No matter what you call a duck, it is still a duck.
New name for duck is swimming bird.
- 1,953
Harland Stonecipher sold the company because he could. He felt he was getting up in years and wanted to concentrate on some social projects he was involved in.
In steps MidOcean Partners MidOcean who paid $650,000,00 for Pre-Paid and through their market research decided to make a name change and expand plan marketing.
Before MidOcean associates basically didn't go after large corporate group accounts now associates are encouraged to go after the big accounts. Which really opens up the door for people who are personal producers whose basic interest is building up a good book of business.
As for a duck being a duck. The main body of the business is the memberships. I used to be a notary public and I have seen first hand some of the free documents people tried to fill out on their own and if they had any questions about the document if any advice was even mentioned it may be considered giving legal advice. There was no way I wanted anyone to even have the opportunity to say "the notary said" or "my insurance agent said" or "I got this document from my insurance agent".
Then I did a bit of research on the potential cost of probate. Sure people can get a Will online.I was talking to a person who did one of those free wills and he mentioned he had property in another state. I asked him if his will would cover both states and if his Estate would have to go through probate in each state? He had no clue..I asked if he had any idea of the potential cost of Probating his Estate and he had no clue..
As mentioned in other post many people have not taken a look at how the product works and the business model. It's a month to month contract so people can cancel if they so choose. The standard plan is less than a tank of gas and in many instances less than the cost of a large pizza depending on the pizza chain specials..
Pre-Paid Legal is now LegalShield and the owners of LegalShield have just decided to expand in the market place. It's basically that simple. As always not all things are for all people but there are many people who do not have at the very least a Will, Living Will and Durable Power Of Attorney. Sure they can do them on their own but let them make a mistake or leave out a word and the real cost may just start to go up by the hour.. That's when they say "my insurance agent said". Then their attorney ask the person is your insurance agent licensed to practice law?
The standard plan has a monthly fee of $17.00 and people can call LegalShield and ask as many legal questions as they want. Now from a business perspective some people offer the business plans to small businesses and then offer group memberships to employees as a employee benefit. As long as associates keep all other business separate and not imply in any way that LegalShield is connected with other business insurance agents can offer other products...
In steps MidOcean Partners MidOcean who paid $650,000,00 for Pre-Paid and through their market research decided to make a name change and expand plan marketing.
Before MidOcean associates basically didn't go after large corporate group accounts now associates are encouraged to go after the big accounts. Which really opens up the door for people who are personal producers whose basic interest is building up a good book of business.
As for a duck being a duck. The main body of the business is the memberships. I used to be a notary public and I have seen first hand some of the free documents people tried to fill out on their own and if they had any questions about the document if any advice was even mentioned it may be considered giving legal advice. There was no way I wanted anyone to even have the opportunity to say "the notary said" or "my insurance agent said" or "I got this document from my insurance agent".
Then I did a bit of research on the potential cost of probate. Sure people can get a Will online.I was talking to a person who did one of those free wills and he mentioned he had property in another state. I asked him if his will would cover both states and if his Estate would have to go through probate in each state? He had no clue..I asked if he had any idea of the potential cost of Probating his Estate and he had no clue..
As mentioned in other post many people have not taken a look at how the product works and the business model. It's a month to month contract so people can cancel if they so choose. The standard plan is less than a tank of gas and in many instances less than the cost of a large pizza depending on the pizza chain specials..
Pre-Paid Legal is now LegalShield and the owners of LegalShield have just decided to expand in the market place. It's basically that simple. As always not all things are for all people but there are many people who do not have at the very least a Will, Living Will and Durable Power Of Attorney. Sure they can do them on their own but let them make a mistake or leave out a word and the real cost may just start to go up by the hour.. That's when they say "my insurance agent said". Then their attorney ask the person is your insurance agent licensed to practice law?
The standard plan has a monthly fee of $17.00 and people can call LegalShield and ask as many legal questions as they want. Now from a business perspective some people offer the business plans to small businesses and then offer group memberships to employees as a employee benefit. As long as associates keep all other business separate and not imply in any way that LegalShield is connected with other business insurance agents can offer other products...
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Sounds good, shouldn't it have been close to the same the month before, and the month before that, and next month it should be more and more the month after. I love how renewals just keep building every month.
- 11,280
You must be talking FYC instead of renewals then.
Yes, thanks.
I've been selling part time for about 3 years. I can tell you selling insurance is not a part time job. I've made some good money selling part-time but it is very difficult to do. My suggestion is sell part time until you get some seed money then jump in full time. I've been in the painting business for almost 20 years and make around 100k give or take a little. I have a friend who has sold insurance full time for a little over 20 years and makes almost twice what i make-and now works much less than I do! I'm in a difficult situation, I would like to sell insurance full time because the income is unlimited, however, it would be very hard to walk away from 100k to go back to making 40k until I built a good book of business. I'm guessing it would take a good 5 years to earn a 6 figure income selling insurance.
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