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I agree. It's better than having to dish out hundreds of Dollars for the
same advice and letters written on your behalf that you would get from an
outside attorney. It's the best $25 I have ever spent on legal fees.
Best Regards,
John Theo
----- Original Message -----
From: "Jim Bronke" <jvbronke@xxxxxxx>
To: "jpaladin" <jpaladin@xxxxxxxxxxx>; "Paul Altman" <paulha@xxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Tuesday, March 26, 2002 12:31 PM
Subject: Re: Pre-Paid Legal
> I use their service and like it.
>
> Jim Bronke
> Phoenix, AZ
>
>
>
> ----- Original Message -----
> From: "jpaladin" <jpaladin@xxxxxxxxxxx>
> To: "Paul Altman" <paulha@xxxxxxxxxxxxx>
> Cc: <omega-list@xxxxxxxxxx>
> Sent: Tuesday, March 26, 2002 11:52 AM
> Subject: Re: Pre-Paid Legal
>
>
> : I have had Pre-Paid Legal since 1995 and I can attest to the fact that
> : sometimes you get good legal advice and sometimes you get useless advice
> : from their lawyers. The attorney's that work for the law firm you are
> : assigned to in your state are not the cream of the crop. Still, I have
> used
> : their services on a regular basis and I wouldn't go without it.
> :
> : Best Regards,
> : John Theo
> :
> : > Folks:
> : >
> : > In my latest dealings with yet another salesman promising me something
> for
> : > nothing, I've been approached by a Pre-Paid Legal (NYSE:PPD)
> : > salesman. This is yet another annoying multi-level-marketing scheme,
in
> : > this case to provide legal insurance to the masses.
> : >
> : > Naturally, I've been unable to get them to give me a simple, horsey
and
> : > duckey, explanation of their business model. Mostly the pitch is that
> : > "everyone else except you is buying legal insurance, and it's terribly
> : > exciting." The only substantive info I've been able to get is that
it's
> : > $26/month, and that approx 1/3 goes to the salesmen out in the MLM
tree,
> : > 1/3 goes to corporate, and 1/3 goes to the law firm.
> : >
> : > My question: why would any law firm be willing to lay off all of
PPD's
> : > insurance risk, for a mere $8.33/month? Sure, some customers will go
> : > months or years before using the service, but it wouldn't require much
> : > customer time, for a law firm to go broke.
> : >
> : > And if it's such a great business for the law firms, why don't they
fire
> : > PPD and pool together to create their own competition to PPD?
> : >
> : > I just don't get how this business works. Any comments?
> : >
> : > Paul
> : >
> :
>
>
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