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Originally Posted by doubleaught
This is not a scam/pyramid scheme. The idea is similar to insurance. Pay a little quite often and they'll "take care of ya" when the big emergency hits.
At one point in my life I felt like I couldn't afford proper legal counsel if I needed, yet I was in college and the places I lived and the stuff happening all around me led me to believe I could be involved in a lawsuit (on either end, but most likely the plaintiff). This service was piece of mind for me.
The nasty part (or good, depending on your definition) is that your benefits grow every year you're a member. So now... well maybe I don't need them anymore. Not for piece of mind at least, but I have all this time "saved up" and it's hard to dump.
Popular advice I've seen in other places is: subscribe, get your will done and cancel. My advice is, if you'd like it for piece of mind, go for it but remember you're subscribed ($15 both is and isn't significant!). Otherwise I wouldn't recommend it.
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There are very few people in this country that would actually need this service. That said, the few that do really need it. Less than 10% of the population is involved in a lawsuit as a defendant or a plaintiff (large-scale class actions don't count) outside of work. That means that there are a lot of folks that do need the assistance.
Really, the liability charge for your homeowners coverage is very small. Generally speaking, it should be less than 10% of the total, maybe less depending on where you are and the amount of property coverage.
Wills and such don't cost much. Unless you're buying and selling a lot of property, I really don't see much of a need, but your results may vary.
If you've got specific liability questions, let me know. Its something I do all day, every day.