Benefits of Pre-paid legal plans
Pre-paid legal services can be a very attractive alternative to hiring a lawyer for many people. You should consider the importance and relative priority of these benefits in light of your own legal needs. So what are the benefits going pre-paid compared to conventional hire of lawyers?
Benefit Number 1: Cost-Effective
Pre-paid legal plans can take the sting out of hiring a lawyer. Lawyers' fees are prohibitive for most people: you can run bills of thousands of dollars and this is simply out of reach of most working and middle-class families. With pre-paid plans, what you get charged is more in line with what you pay for your health or home insurance. Plans start as low as $9 per month and typically don't exceed the $30 mark.
Benefit Number 2: Simplicity
There is a number of very complicated set of fees lawyers charge: contingency fees, flat fees, statutory fees and hourly rates. In the case of contingency and statutory fees, you have to get into the intricate details of how these fees are computed – say for a contingency fee how much is the lawyer's commission? – and their regulatory nature – who regulates the statutory fee and how do I know if these fees are in line with regulatory guidelines?-.
The other two types of fees can be equally as complex. Increasingly, attorneys choose to incorporate any overheads they incur, like secretarial expenses, parking charges and travel fees into their flat and hourly fees. They can also set a minimum number of billing units, like three tenths of an hour (18 minutes), irrespective of how long it takes them to deal with your problem.
This is just a sample rundown of what might influence the various fees charged by lawyers, other factors and arrangements can apply too. Contrast this with the simplicity in which pre-paid legal services are priced and furnished. The process is simple and straightforward: you sign an agreement to pay a fixed monthly fee and that's about it. If what you're looking for is not covered, your plan provider will give you a prior notice of a different billing so that you know exactly how much you will be charged.
Benefit Number 3: Pre-emptive Law
Pre-paid plans offer unlimited phone consultation and advice. This aspect of the service can save you a lot of trouble, money and time in the future. Most legal problems you are likely to face in your day-to-day life can be solved if you take the necessary steps in line with the law. With the right advice and consultation with your lawyer, you can detect legal blunders before they occur and hence minimize the risk of litigation and protection.
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Legal Plans News Articles:-
- ARAG® General Counsel Named to American Prepaid Legal Services Board of Directors (PRWeb via Yahoo! News)
Ann Cosimano stresses importance of legal plans to serve consumer needs.
- Libbey Wins Stevie Award for Best Customer Service Organization in 2008 American Business Awards (PR Newswire via Yahoo! Finance)
Libbey Inc. , the leading manufacturer of tabletop products for the U.S. foodservice and retail industries, is proud to announce that it has won a Stevie Award for Best Customer Service Organization in the 2008 American Business Awards sponsored this year by Dow Jones.
- Arag appoints new chief sales officer (Insurance Business Review)
Arag, a legal insurance provider, has appointed Jim Barone as new chief sales officer. Mr Barone will lead the Arag sales team in working with businesses, brokers and benefits professionals to provide legal plans.
- Jim Barone Appointed as New Chief Sales Officer at ARAG(R) (Business Wire via Yahoo! Finance)
DES MOINES, Iowa----ARAG®, the global leader in legal insurance, has announced the appointment of insurance industry veteran Jim Barone as the company's new Chief Sales Officer.
- MetLife Estate Resolution Services Enhances Supplemental Group Life Benefits (Business Wire via Yahoo! Finance)
NEW YORK----MetLife, the largest U.S. life insurer and a leading provider of employee benefits, today announced that it has enhanced its group life benefits portfolio by adding estate resolution services as a standard feature to its supplemental Term Life, Group Universal Life and Group Variable Universal Life insurance coverages in those states that have approved the feature.
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