Why Insurance agents should sell legalshield

For agents in industries like insurance or real estate, selling prepaid legal services or acting as a referral partner for law firms can provide new revenue streams, increase client retention, and create a stronger, more comprehensive service offering.

This approach benefits both the agent and their clients by addressing a wider range of needs. 

Benefits for agents

Generate new revenue streams:

Agents can earn additional income through commissions for enrolling clients in legal service plans or by receiving referral fees from attorneys.

This provides a new and sustainable source of income, particularly in between high-commission sales like selling homes.

Increase client retention and loyalty:

By offering a more holistic range of services, agents can build stronger, long-term relationships with clients.

A client who uses an agent for both their insurance and legal needs is more likely to stick with that agent for future services.

Enter new markets:

In a crowded market, offering ancillary benefits like prepaid legal services can differentiate an agent from the competition.

It shows a commitment to clients' overall well-being, not just a single transaction.

Selling legal plans gives agents access to a wider pool of potential clients.

For instance, a Medicare insurance agent can offer legal plans to clients who have a non-Medicare-eligible spouse or young children.

How do insurance agency owners make money with Legalshield.

Build a referral network:

Partnering with law firms or a legal service provider can create a mutual referral system.

Attorneys can refer clients who need insurance or real estate services, and the agent can refer clients who need legal counsel. 

Benefits for clients

Access affordable legal help:

Many Americans are unable to afford legal assistance, assuming it is too expensive.

Prepaid legal service plans provide cost-effective access to a network of vetted attorneys for a low monthly or annual fee, offering significant savings over standard hourly rates.

Ensure important life events are legally sound:

Events such as buying a house, drafting a will, or going through a divorce are emotionally and legally complex.

A legal plan can provide access to expert legal counsel to ensure documents and agreements are prepared correctly, reducing stress for the client.

Obtain legal advice proactively:

With a legal plan, clients are more likely to address potential legal matters early, before they become a crisis.

For example, they can have a will drafted or a contract reviewed, leading to better outcomes and greater peace of mind.

Simplify the search for an attorney:

Finding a trustworthy lawyer can be stressful and time-consuming.

Legal plans provide immediate access to a network of qualified attorneys, simplifying the process for the client. 

Earning Potential

Commissions:

Associates earn a commission on every membership they sell and can also earn commissions from the sales of their recruits. 

Residual Income:

Associates can earn commissions on monthly membership renewals, providing a consistent income stream. 

Bonuses:

Incentives and bonuses are available for top performers who sell a certain number of memberships within a specific timeframe. 

Product & Service

Affordable Legal Access:

Provides members with access to a network of attorneys for consultations, document reviews, and other legal services for a monthly fee. 

Comprehensive Protection:

Plans cover a range of needs, from preparing wills and reviewing contracts to providing advice on real estate and consumer issues.

Business Services:

Offer plans specifically designed for small businesses, which can include services like debt collection and contract review.

Established Company:

With over 50 years in operation and millions of members served, LegalShield is a well-established provider of legal services.

Business Model & Support

Network Marketing:

The business uses a network marketing model, where agents sell the services and also recruit others to join as associates. 

Company & Upline Support:

New associates receive support and training from their sponsor, upline team members, and the company's Associate Services department. 

Integration with Insurance:

Licensed insurance agents can integrate LegalShield services into their existing offerings to provide a more comprehensive solution to their clients. 

Who is a Good Fit for Selling LegalShield?

People-Oriented Individuals:

The sales process relies on personal connection, making people who are comfortable interacting with others well-suited for this role.

Sales-Minded Individuals:

Agents should have a strong work ethic, be goal-oriented, and understand how to effectively present and sell a service to both individuals and businesses.

Community & Small Business Advocates:

The service appeals to those who want to provide valuable, accessible legal help to their community or support small business growth.

Agents sell LegalShield for the potential to earn recurring commissions on memberships and team sales, access to a proven service that provides affordable legal access to members, and the opportunity to build their own business with company support.

Key factors include a desire to provide valuable, accessible legal services to individuals and small businesses, a capacity for direct sales and relationship building, and the ability to earn income through both direct sales and network building.

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