Tuesday, August 16, 2016

LifeLock Review

LifeLock® is a company that provides identity theft protection services. You may wonder why you need identity theft protection - you've never needed it before.

Identity theft is one of the most rapidly growing crimes in the world. It's now bringing in more money than drug trafficking. The reason? This crime pays well and carries very little risk of being arrested or prosecuted. Plus, there aren't any guns involved like you have with drugs. No wonder so many crooks around the world have found their perfect calling.

No matter how careful someone may be with shredding papers and protecting their social security number, personal information is still at risk through security breaches. Over a million identities have been put at risk through security breaches in 2015 alone(1).

What does LifeLock do to protect my identity?

The Standard membership includes:

  •  Identity Alert System®**
  • Advanced Internet monitoring for unauthorized use of personal information
  • Lost wallet protection (excludes pictures, cash, and cash equivalents)
  • Reduces junk mail and pre-approved credit offers
  • Address change verification
  • $1 Million Total Service Guarantee***
  • Member service available 24/7 every single day of the year including holidays.

Hey - I can do that some of stuff myself. Why do I need LifeLock?

LifeLock will be working to watch out for you every day. I know that I'd start off strong and eventually turn into a slacker about following through. Identity theft can strike at any time and is only getting worse.

There's no protection that's 100% fool-proof against identity theft. Identity thieves can take bits and pieces of different people's identity and create a new 'person'. This wouldn't show up on any credit reports because the info is too polluted and mixed up. This is called 'Synthetic Identity Theft'.

LifeLock offers a $1 Million total service guarantee*** that if your identity is ever stolen while using their services, they will fix it for you AND reimburse all your expenses up to a million dollars. They promise to do whatever it takes to restore your credit and that includes hiring experts to help you. There's nothing quite like an expert when you get into a heap of trouble. Having their guidance and expertise is priceless.

LifeLock provides members with recovery assistance if their wallet is lost or stolen. One call to the 800 number is all it takes, saving hours of time and frustration to close accounts and order a new driver's license, insurance cards, credit cards, etc. (excludes pictures, cash, and cash equivalents)

HOT!! - LifeLock scans the black markets on the internet looking for unauthorized trading or sale of  social security number, credit cards and other personal information**. If they find misuse of it, a notification is quickly sent out.

Is LifeLock better than Credit Monitoring?

Credit monitoring is a well-known and highly used service. It's offered by the credit bureaus - Equifax, Experian and TransUnion. They each have their own plans that range in price from $9.95 - $14.95 a month. You can also get credit monitoring from Wells Fargo and Discover Card for $12.95 a month.

Credit monitoring services watch your credit report and notify you if any changes have been made or new credit has been opened. This is a good thing but speed of notification is very important. They have a help line to can call for advice but you're on your own to fix it. They offer up to $25,000 of identity theft insurance.

Please know that there is nothing that can completely stop or prevent identity theft from happening. The idea behind LifeLock is to find fraud asap before the too much damage can be done. The company pro-actively watches for changes and illegal actions to let you know as soon as possible so you can stop it.  LifeLock is the new breed of protection.

How much does LifeLock cost?
You can get a LifeLock Standard membership for $8.99 a month or $98.90 a year by using the LifeLock Discount code - 10Now. You also get your first 30 days risk-free* to try it out.

LifeLock Ultimate Plus plan has even more benefits. Read about it here.

How do I enroll with LifeLock?

Go to LifeLock.com or call them at 1-800-LifeLock (1-800-543-3562). Be sure to mention the promo code '10Now' to get your discount. Their website is safe and secure from hackers with the highest security rating available. LifeLock's services can partially be done by yourself but you can't give yourself that million dollar service guarantee or the help from experts who know exactly what to do.

If you want identity theft protection you can just 'set and forget', try LifeLock.

* *Network does not cover all transactions. 

Service Guarantee benefits for State of New York members are provided under a Master Insurance Policy issued by State National Insurance Company. Benefits for all other members are provided under a Master Insurance Policy underwritten by United Specialty Insurance Company. Under the Service Guarantee LifeLock will spend up to $1 million to hire experts to help your recovery.  Please see the policy for terms, conditions and exclusions at LifeLock.com/legal.