3 Tips for Selecting the Ideal Legal Plan

Should you sign up for a legal plan? Which type of plan is the right fit for you and your family? Here’s how to find out with our legal plan tips!Legal Plan Tips

Ready to select a legal plan? Before you sign the dotted line, dive into this article. In it, you’ll find the tips you need to find the right legal plan for you.

Common Types of Legal Plans

There are several different types of legal plans, and it’s important to understand the differences between them all before selecting the right one for you.

EAP Legal Plans

Employee Assistance Plans (EAP) extend to legal plans, which offer employees a select set of services and consultations. These plans are offered by employers to provide their employees with various legal services to choose from and a network of qualified attorneys to work with. This is a good choice if you’d like access to a wide range of legal services at your fingertips.

Discounted Legal Plans

These plans are similar to EAP plans in that they provide legal services at a discounted rate. However, they are typically structured with a free consultation to start. After that, members will pay a predetermined rate for any follow up services with network attorneys. This type of plan is beneficial if you see yourself needing a specific type of legal services such as estate planning.

Prepaid Legal Plans

Employers may also offer prepaid legal plans. Employers may pay for a portion of the monthly premium. Through that premium, employees have access to a variety of services and attorneys. Like EAP plans, prepaid legal plans are a good choice if you’re looking to save money and have ready access to legal counsel.

Voluntary Legal Insurance Plans

Voluntary legal insurance plans offer a broad range of services for employees. They can be customized to an organization and its employees. Like other employer-provided legal plans, they require you to work with network attorneys. You may prefer voluntary legal insurance plans if having a broad range of services is important to you.

Think About Your Life Plans and Goals

Very few people have large savings funds set aside for potential legal fees. Even fewer people would say no to saving on legal fees. Legal plans give you the best of both worlds: access to legal services when you need them and discounted rates.

If you’re wondering which type of legal plan is right for you and your family, it’s time to take stock of your future plans and goals. Consider what’s on the horizon: a new house, baby, or job? No matter what is part of your plans, a legal plan can help you protect your future. Learn more by contacting Akman & Associates, LLC