TexasCHLforum.com

For me, at a certain level, there's an 80/20 component to this analysis. The insurance's potential imperfection is counterweighted by the low-hanging-ness of its fruit. It may not supply the ideal representation in a claim scenario, but it only costs X, and it supplies content (website, seminars) that potentially offers value which reduces the face value of X. And then with some of these insurance services, there are coupons and special offers by affiliated third parties to even further reduce the effective cost of the premium, if one is a user of those particular offered goods and services. So arguably, it ends up being something that is hopefully a little bit better than nothing, for a relatively low net price.

superstar wrote:...

Let's say you get the service with Multi-state, bail bond plus the one time fee of $20 + $200 = $220. Anyone here believe that by paying $200 annually will get you a $30K legal service (that's the general consensus here of a competent lawyer's fee) should think about that again.

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It depends on their cash flow structure, though, doesn't it?

I have a family member who carries $200,000 worth of life insurance for which the annual premium is about $200 per year. If that person were to die, there would be a $200,000 pay-out, period. The actuarial tables exist which describe that scenario. Presumably these self-defense insurance companies have developed similar risk matrices for their own use, because all it would take is one bad review on social media and their whole business model would go swirling down the commode. They have a huge vested interest in effectively representing their clients, I would think.

The Texas-named service (the forum redacts its name) had a representative stop at our LTC class to make a sales pitch (this was a few weeks ago). Reading this thread, I wish I'd asked him to describe any cases in which the insured actually had to call upon their service. What we heard instead were anecdotes involving people who had to go in front of a grand jury, etc. without the benefit of a pre-paid service. Which, of course, is often very expensive, even if charges are not brought.