LegalShield Law

Trusted
No reviews yet
Founded1972
HeadquartersAda, Oklahoma
Trust Score90/100
Views39

About LegalShield Law

LegalShield Law is a network marketing company that specializes in legal protection services. Founded in 1972 and based in Ada, Oklahoma, they offer products that help consumers access legal assistance.

Their business model operates on a matrix compensation plan, where independent distributors earn through retail sales and team-building commissions. While their BBB rating is a solid B and they have a Trustpilot score of 4.2/5, the income disclosure reveals that most earnings are concentrated among a small number of top earners.

Distributors need to meet monthly purchase requirements to qualify for full commissions, which can be a downside. Still, with a risk level rated low and a trust score of 86/100, LegalShield Law offers opportunities for those interested in MLM.

Pros and Cons

✓ Pros

  • Established company
    LegalShield has been around since 1972, which gives it a level of credibility and stability.
  • Affordable legal access
    Their services provide members with access to legal advice at a fraction of the cost of hiring a lawyer.
  • Positive customer reviews
    With a Trustpilot rating of 4.2/5, many customers appreciate the service and support they receive.
  • Matrix compensation structure
    This structure allows you to earn from both personal sales and team-building, which can lead to higher commissions.

✗ Cons

  • Income disclosure issues
    The income disclosure shows that a small percentage of top earners make a significant portion of the income, which raises concerns about earning potential.
  • Monthly purchase requirements
    Distributors need to meet monthly purchase requirements to qualify for full commissions, which can be a financial strain.
  • Focus on recruitment
    Like many MLMs, success often depends on recruiting others instead of just selling products, which can be a tough sell.
  • B BBB rating
    A B rating from the Better Business Bureau indicates some unresolved customer complaints that may be a red flag.
Verdict: LegalShield has its strengths in providing affordable legal services, but the income structure raises concerns about how profitable it really is for most distributors. If you're looking for a side hustle, it might be worth exploring, but do your homework first.

Best for: This could be a good fit for someone who values legal services and wants to build a team, but those who dislike sales or recruiting should probably steer clear.

Risk Analysis

LegalShield Law presents a generally low risk for potential distributors, primarily due to its established history and decent customer ratings. However, new members should be cautious of income concentration among top earners and the monthly purchase requirements for full commissions.

Key Concerns

  • Income concentration among top earners moderate
    Income disclosure shows that a significant portion of earnings is concentrated among a small percentage of distributors.
  • Monthly purchase requirements for full commissions moderate
    Distributors must meet monthly purchase requirements to qualify for maximum commission rates, which can impact profitability.

Positive Indicators

  • Strong customer ratings
    Trustpilot rating of 4.2/5 indicates a generally positive consumer experience.
  • Long-standing company
    Founded in 1972, LegalShield has a long history in the legal service industry.
Consumer Advice: If you're considering joining LegalShield Law, weigh the potential earnings against the monthly purchase requirements. It's a good idea to connect with current distributors to get a realistic view of what to expect.

Frequently Asked Questions About LegalShield Law

Is LegalShield Law a legitimate MLM company?

Yes, LegalShield Law is a legitimate MLM company founded in 1972. They provide legal services through a network of independent distributors, and their BBB rating is a B, which shows they have some credibility.

What products does LegalShield Law sell?

LegalShield Law sells legal service plans that offer access to attorneys for various legal needs. This includes services like will preparation, document review, and consultation on legal issues.

How much can you make with LegalShield Law?

Earnings with LegalShield Law can vary widely. Distributors earn commissions based on product sales and team-building, with top earners making substantial income, but most people may earn less.

Are there complaints about LegalShield Law?

Yes, there are some complaints about LegalShield Law, mainly regarding customer service and the effectiveness of their legal services. However, they also have a solid Trustpilot rating of 4.2/5, indicating many satisfied customers.

What is the compensation plan for LegalShield Law?

LegalShield Law uses a matrix compensation structure. Distributors start by selling products at a wholesale price, earning the difference, and can move up ranks to unlock higher commissions and bonuses as they build their teams.

How much does it cost to join LegalShield Law?

Joining LegalShield Law typically requires purchasing a starter kit, which can cost around $99 to $199. This includes access to their products and training materials to help get you started.

What is LegalShield Law's BBB rating?

LegalShield Law has a BBB rating of B. This rating reflects their overall customer service and complaint history, indicating that while they have some issues, they are generally responsive.

What are some alternatives to LegalShield Law?

Alternatives to LegalShield Law include companies like LegalZoom and Rocket Lawyer, which also provide legal services but do so in a different format. If you're considering LegalShield, it’s worth looking into these options to compare services and pricing.

Is LegalShield Law worth joining?

Whether LegalShield Law is worth joining depends on your goals. If you're interested in selling legal service plans and building a team, it might be a good fit, but you should carefully consider the income potential and monthly purchase requirements.

What is LegalShield Law's trust score?

LegalShield Law has a trust score of 86/100, which suggests a relatively high level of trust among its customers and distributors. This score takes into account feedback and experiences from users.

Compensation Plan

Plan Type

This is a Matrix plan. Think of it as a team-based system where you earn money not just from sales but also from helping others succeed.

How Earnings Work

  • Retail Profit: You buy products at a lower price and sell them at retail. The difference is your profit.
  • Team Commissions: When your team makes sales, you earn a percentage of those sales based on your rank.
  • Bonuses: You can earn special bonuses for reaching certain sales goals or helping your team members succeed.

Qualification Requirements

  • To earn commissions, you need to meet a monthly minimum of personal sales.
  • Advancing in rank requires both personal sales and having active team members.

Red Flags

  • Monthly purchase requirements can feel like a pay-to-play setup.
  • Top earners make a lot more than the average distributor, which can be discouraging.

Trust Score

90
/ 100
Low Risk
Flags & Notes
  • Income disclosure shows top earner concentration
  • Monthly purchase requirements apply for full commissions

Track This Company

Get alerts when trust scores change, new reviews are posted, or risk warnings are issued.