Are prepaid legal services a great way to make money?

If you are joining a prepaid legal plan to make money from it, this statistic of 50% of subscribers going away after a year will impact your ability to make money:

• It will be very difficult to build significant long term residual revenue from a plan that looses 50% of it's members each year.
• Did subscribers drop out not because of problems with the prepaid legal service, but because they didn't make the money they had hoped for? In this case, they may have only had interest in the money making opportunity, and the actual services were unimportant to them.

Here's a possible reason why many subscribers quit after the first year, but a clever person found a way to make money anyhow:

The most clever use of a prepaid legal services plan I have heard about was by a real estate agent, who found a plan that covered the preparation of a deed for a real estate transfer. He would have his clients sign up for the plan, and they would then obtain the deed through the plan's attorney. The cost of the plan was significantly less than the attorney would otherwise charge for the deed. On top of that, the real estate agent received a commission on each plan sold. The clients typically cancelled the policies after the first year. While not every situation or plan is amenable to such clever use, this example does illustrate that a well-chosen prepaid legal services plan can benefit a consumer with a known legal need. story

Prepaid legal services when run as a network marketing opportunity have a statistic that is probably typical of most network marketing income opportunities:

• More than half of the independent representatives will never sell a plan.