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LEGALSHIELD BUSINESS SOLUTIONS SALES OPPORTUNITY BRIEFING CANADA – BENEFIT BROKERS.

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Presentation on theme: "LEGALSHIELD BUSINESS SOLUTIONS SALES OPPORTUNITY BRIEFING CANADA – BENEFIT BROKERS."— Presentation transcript:

1 LEGALSHIELD BUSINESS SOLUTIONS SALES OPPORTUNITY BRIEFING CANADA – BENEFIT BROKERS

2 2 1.WHO we are 2.WHAT we sell and WHO buys it 3.WHY you should consider selling LegalShield 4.WHAT the LegalShield opportunity can mean for you AGENDA

3 3 40+ YEARS IN BUSINESS OVER 3.7 MILLION LIVES

4 4 1.7 MILLION LIVES

5 5 SPECIALIZED FOCUS ON B2B ACCOUNTS 70,000 Business Accounts Voluntary Benefit Small Business Independent Sales Associates Insurance Agencies Benefit Brokers

6 6

7 7 SPECIALIZED FOCUS ON B2B ACCOUNTS

8 8 BENEFIT BROKERS

9 99 Consultation on: Estate planning Contract Review Traffic-related issues Legal advice on unlimited number of personal issues Group plans start at $18.50/month Exclusions and limitations apply. Services and benefits vary by state/province. See www.legalshield.com/fullplandetails and select your state/province for specifics. Please review plan details for complete terms, conditions and exclusions before purchase. LEGAL PLANS

10 10 Identity theft prevention consultation Credit Tracking Licensed Private Investigators Identity restoration to pre-theft status Group plans start at $9.95/month Exclusions and limitations apply. Services and benefits vary in US/Canada. See www.idshield.com/plans- and-pricing for specifics. Please review plan details for complete terms, conditions and exclusions before purchase. IDSHIELD CANADA

11 11 Consultation on day-to-day matters Debt collection and vendor disputes Contract review Worker’s compensation issues Employee hiring and firing Starts at $49/month Exclusions and limitations apply. Services and benefits vary by state/province. See www.legalshield.com/business/plans-and-pricing and select your state/province for specifics. Please review plan details for complete terms, conditions and exclusions before purchase. SMALL BUSINESS PLANS

12 12 Proprietary system of dedicated law firms Quality Assurance Service level monitoring of law firm performance 24/7 emergency hotline for covered legal issues Identity theft services conducted by licensed private investigators Easy access via mobile app DEFINITIVELY DIFFERENT

13 13 Nearly 90% of North Americans say they do not have any form of legal insurance or legal protection service More than 60% reported they would be interested in purchasing legal protection Identity theft is repeatedly the #1 consumer complaint category in North America Legal Source: The Legal Needs of American Families. A Research Study Conducted by Decision Analyst, Inc. Commissioned by LegalShield ID Theft source: CNN Money. “Identity Fraud Hits New Victim Every Two Seconds.” Ellis, Blake. 2014. (http://money.cnn.com/2014/02/06/pf/identity-fraud/) 13 THE NEED

14 14 Producers must hold an active insurance license Cover a minimum of 500 lives* Selling Agent must be licensed to sell LegalShield in the state or province where the benefit or plan is sold if required LEGALSHIELD BROKER CONTRACT REQUIREMENTS *For Brokers with less than 500 lives, please see the Commission Sales compensation plan

15 15 LEVEL COMPENSATION PLAN 16% First year and renewal commissions represented. First year commissions are paid as a percentage of the membership fee, ranging from 12% to 16%. This program provides an additional 2.6% to 3.4% bonus commission for reaching 1,000 active members and maintaining at least 750 active members at all times. In the level compensation plan, renewals are paid at the same rate as in the first year. *Reach 1000 active members and maintain a minimum of 750 active members.

16 16 LEVEL COMPENSATION PLAN CASE STUDY A large manufacturing firm in Texas with 8,400 Employees Nearly 18% enrolled in IDShield Generating premiums of $200,000 And commissions of $29,200 per year Actual case history. Not all Brokers will experience this enrollment rate or commission amount.

17 17 ADVANCED COMPENSATION PLAN 48% LegalShield gives brokers and agents the option to earn advanced commissions the first year of the agreement. This program provides higher first-year commissions to offset introductory costs and provide incentives for producers. LegalShield also provides the opportunity for the broker or agent to appoint other brokers/agents and earn production bonuses. Renewal commissions are variable based on overall member retention rates.

18 18 RESIDUAL INCOME—ADVANCED COMMISSION PLAN Rates range from 2.3% to 21.26% Earned after first 12 months of membership Varies based on Commission Level at time of sale and Monthly Retention Rate of all memberships sold in that calendar month Month after month, year after year, for the life of the membership Residual income offsets any debit balance 18 Refer to Commission plan for detailed description

19 19 Quick access to revenue and commission reporting Marketing support Enrollment support On-site enrollers available Electronic, paper, web enrollment Ongoing enrollment support Informational web sites for clients Electronic, paper and self-bill options Producer product training 19 BROKER SUPPORT

20 20 WHY OFFER LEGALSHIELD? Industry-leading products Established company High customer satisfaction ratings Comprehensive onboarding for new agents Generous compensation plans No sales quotas or territory restrictions

21 21 WHY OFFER LEGALSHIELD? AOR changes do not impact renewal commission on existing memberships Guaranteed issue Simple administration Deepen client relationships

22 22 GET STARTED TODAY! Someone is going to sell your clients legal and identity theft protection products. Will it be You?  Contact your LegalShield Representative,  E-mail us at brokerleads@legalshield.com and we’ll contact you, brokerleads@legalshield.com  Or, visit business.legalshield.com

23 23 THANK YOU LegalShield The information contained in this material is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the legal plan benefits, identity protection benefits and commission opportunities. Please remember that only the plan contract can give actual terms, coverage, amounts, conditions, and exclusions. Check benefit availability in your state/province. Marketed by Pre-Paid Legal Services, Inc. dba LegalShield or applicable subsidiary: Pre-Paid Legal Casualty SM, Inc. In Florida: Pre-Paid Legal Services, Inc., of Florida In Virginia: Legal Service Plans of Virginia, Inc. Pre-Paid Legal Access, Inc. PPL Legal Care of Canada, Inc. ©2016 LegalShield, Inc.

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