Personal Legal Plans
There’s certainly a lot to know about the different types of personal legal plans. As you wade through all the information available online, you might find yourself feeling overwhelmed. However, there’s no need to search any further; get all the information you need about personal legal plans in this article.
EAP Legal Plans
Employee Assistance Plans (EAP) legal plans are offered by employers to employees as part of a benefits package. These legal plans are paid for through monthly premiums, deducted automatically through payroll. The fees are often quite low, at around $20 a month, due to the group rate. Employers often subsidize a portion of the overall monthly premium.
Employees receive free consultations, a discounted rate for legal fees, and selected legal services, some at little or no cost, from a plan attorney. These plans give employees a wide range of options at a more affordable price than they would receive outside the plan. Be sure to check your employer’s benefits package and see if an EAP legal plan is available to you and your family during the next enrollment period.
Voluntary Legal Insurance Plans
Voluntary legal insurance plans are a form of group legal plans. These customizable plans are often offered by employers. They offer a wider range of coverage and provide legal services through network attorneys. There are several different types of voluntary legal insurance plans, but these are some of the common types of legal matters addressed:
- Personal injury
- Real estate, estate planning, wills
- Power of attorney
- Tenant and property matters
- Family law
- Traffic defense
- Debt, taxes, and personal financial matters
- Identity theft and fraud
- Civil litigation
Network attorneys will offer legal advice and consultations around these matters.
Discounted Legal Plans
Discounted legal plans differ from the other plans mentioned in that they offer a free consultation up front. After the consultation is performed, the network attorney will offer a discounted rate for the agreed upon legal plans. This rate is pre-negotiated in advance.
Prepaid Legal Plans
Prepaid legal plans are another type of personal legal plans and may be offered by an employer. Like the EAP plan, employees who enroll in the plan pay a monthly premium. Employers set the budget, legal services offered, and the fees paid.
No matter the type of personal legal plan you choose, it’s wise to discuss the benefits with an attorney before signing the dotted line. Contact Akman & Associates,LLC, to discuss your options.