MetLaw - new company benefit - worth it?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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Topic Author
sparksfly
Posts: 31
Joined: Mon Oct 16, 2017 9:57 pm

MetLaw - new company benefit - worth it?

Post by sparksfly » Thu Nov 14, 2019 9:47 am

Hello bogleheads,
With the new open benefits enrollment, my company had added a new option to subscribe to a legal assitance company "Metlaw". For $200 a year, I can subscribe to the legal services which access to attorney for most of the common legal issues including estate planning, trafic incidents, civil disputes, tax audit help and more.

Question: If anyone has experience using such services, do you think it is worth it? Attorneys can be extremely expensive. While this looks good on paper, I'm skeptical of the quality of service provided by such plans. Any thoughts?

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Darth Xanadu
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Re: MetLaw - new company benefit - worth it?

Post by Darth Xanadu » Thu Nov 14, 2019 9:53 am

sparksfly wrote:
Thu Nov 14, 2019 9:47 am
Hello bogleheads,
With the new open benefits enrollment, my company had added a new option to subscribe to a legal assitance company "Metlaw". For $200 a year, I can subscribe to the legal services which access to attorney for most of the common legal issues including estate planning, trafic incidents, civil disputes, tax audit help and more.

Question: If anyone has experience using such services, do you think it is worth it? Attorneys can be extremely expensive. While this looks good on paper, I'm skeptical of the quality of service provided by such plans. Any thoughts?
I signed up for a similar service through my employer for 1 year, and used it for estate planning documents. That was my first/only time going through it, so I have little to compare it to, but I would grade my experience a "C". When I revisit my documentation in a few years, if I feel the need to make changes, I will likely pay for my own attorney even though I'm sure it will cost my several times what I paid this last time.

If you have no known legal activities that you expect to use during the benefit year, I would pass if I were you.
"A courageous teacher, failure is."

BogleMelon
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Re: MetLaw - new company benefit - worth it?

Post by BogleMelon » Thu Nov 14, 2019 9:54 am

I think you have to lay out the exact policy terms regarding what's included and what is excluded exactly. I doubt that you hire as many lawyers as you want for $200/yr
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather

dcabler
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Re: MetLaw - new company benefit - worth it?

Post by dcabler » Thu Nov 14, 2019 10:00 am

I've had this available for several years now, but I've never joined. We are currently in open enrollment and we are also considering it as an inexpensive way to get our wills updated. Not sure we'd ever need the rest, but that's sort of the thing about legal matters - you don't always know when you might need assistance.

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djpeteski
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Re: MetLaw - new company benefit - worth it?

Post by djpeteski » Thu Nov 14, 2019 10:13 am

Much like Darth Xanadu I used it to prepare a will and living will for both my wife and I. Also I used the legal insurance to render an opinion about some liability insurance items that we were looking into. I dropped the coverage after one year, which made it a bargain to get a will for the $200 or so it cost me.

The lawyer we meet through this process is now considered our family lawyer. We have seen him a few times on other minor and a couple of not so minor matters. On the major matters, he refers us to specialist lawyers. Quite frankly he is a God send.

He knows his niche and is comfortable with the living it provides him.

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ChowYunPhat
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Re: MetLaw - new company benefit - worth it?

Post by ChowYunPhat » Thu Nov 14, 2019 10:17 am

djpeteski wrote:
Thu Nov 14, 2019 10:13 am
Much like Darth Xanadu I used it to prepare a will and living will for both my wife and I. Also I used the legal insurance to render an opinion about some liability insurance items that we were looking into. I dropped the coverage after one year, which made it a bargain to get a will for the $200 or so it cost me.
+3. We used the benefit for the same thing and also had healthcare directives and a trust setup. All a bargain at $200 and recording fees. We cancelled the insurance after the first year.
A wise man and his money are friends forever...

Topic Author
sparksfly
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Joined: Mon Oct 16, 2017 9:57 pm

Re: MetLaw - new company benefit - worth it?

Post by sparksfly » Thu Nov 14, 2019 10:57 am

Thank you for sharing your experiences and perspectives. I'm behind on my wills and it looks like getting that done by subscribing for a year may be worth it.

Nearly A Moose
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Re: MetLaw - new company benefit - worth it?

Post by Nearly A Moose » Fri Nov 15, 2019 2:28 pm

For those who’ve used this. How do you actually activate the benefit and ... use it? I’ve asked our HR and they have have acted like no one knows what it is. Odd.
Pardon typos, I'm probably using my fat thumbs on a tiny phone.

dalmatiandan
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Re: MetLaw - new company benefit - worth it?

Post by dalmatiandan » Fri Nov 15, 2019 2:43 pm

My spouse’s employer enrolls her in a similar group legal referral company automatically & for free. We got a letter in February or March outlining certain perks from the company, and noticed “Will preparation” right away. We called the phone number, which was the Hyatt Legal Plan. We provided my spouse’s employee ID and the reference code from the letter. They emailed us a list of 10 local lawyers and proceeded us with 5 codes, which we later found out were sort of redemption codes for a Will, a Living Will, a Durable Power of Attorney, a Healthcare Proxy, and burial instructions.

We contacted a few attorneys until we found one we liked and who seemed to actually consider our needs. Other attorneys just saw our call as a way to churn some boilerplate documents and get reimbursed for their time.

We ended up adding a revocable living trust, which was not covered and we paid the true cost ($850). Pretty sweet deal for us to get all of that and only pay $850.

Dan

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