2007-01-26 09:28:15 · 5 answers · asked by Piccaso 2 in Business & Finance ➔ Credit
No. They are in the business to make money, not lose it or do pro bono work. They charge more than you will statistically spend in anual legal fees....wouldn't recommend it..
2007-01-26 09:33:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depends if you're asking from the point of view of the seller or the buyer.
If you're the buyer, probably not. PPL charges a fee that's based upon the average amount that the average person will pay over a certain time on legal fees, and then a little extra (in order to make money). For example, let's say that the average person spends $300 a year (an arbitrary number) on legal fees -- most people pay nothing, since they're not in court, but those that do make it average out to that much. Knowing this, a company like PPL may charge $450 a year for insurance -- meaning that they'll be able to cover that average amount and make some money on top of it. Simple, eh? But the average person doesn't need legal insurance, so it's not a worthwhile investment for them -- Dave Ramsey, a well known financial advisor (and radio show host), makes a point of not endorsing them.
For the seller, well, it depends on the work you're willing to put into it. If you don't mind doing some pressured sales, doing a little misrepresenting (to make people believe they need this when they really don't), and potentially harassing folks in order to get appointments -- it can pay well. I know two people personally who've made quite a bit selling PPL -- but they're the exception, rather than the rule, as most employees don't spend long in the company and leave without earning much. It's similar to a lot of other direct-to-client groups, such as Cutco/Vector Marketing, which make big promises but forget to mention a lot of the fine print and withheld information (both to the client and to the seller).
Personally, though, I don't recommend it. I'm not willing to harass people and make them believe they need something that they really don't just in order to make a buck. It can also be a very competitive, cutthroat job. There's plenty of other lines of work that'll make similar amounts of money in ways that I find less morally objectionable -- and less stressful to you.
2007-01-26 18:27:42 · answer #2 · answered by Sir Tasty Cakes 2 · 0⤊ 0⤋
how would pre-paid legal make you money? I thought pre-paid legal is a service you pay a small monthly fee for and get free legal advise.
2007-01-29 00:59:18 · answer #3 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
I had a PPL membership for 1 year. I spent about $300 for the service yet when I went to use my membership for a contract review, I only got a discount of 25% off the attorney fees. PPL did not save me any money. I purchased my membership out of pitty for a friend of mine who was an associate and was trying to recruit everyone under the sun to sell for him. PPL is just like any other MLM company. You will only make money if you recruit, recruit, recruit. Plus you will find yourself shelling out cash for weekly meetings, events, and business expenses. I do not think it will help you make any extra money.
2007-01-26 17:51:17 · answer #4 · answered by m_pighini 1 · 0⤊ 0⤋
That's one of the several things I tried that didn't work. See my profile.
2007-01-26 18:57:09 · answer #5 · answered by jenniferjotheos 1 · 0⤊ 0⤋