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Cost:
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$9 per month
or, $99 per year (1 month free)
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You may have heard the commercials for LifeLock; the company's CEO freely advertises his Social Security Number, daring thieves to steal his identity. The reason he can do this is because he is a client of LifeLock's services, which fully protects his identity. What we found made us want to become clients too.
LifeLock is an Identity theft protection program available for individuals as well as for businesses. Here's what they include:
1. LifeLock Identity Alert. Lifelock utilizes a system which monitors whether your personal information is used to apply for credit cards, check orders, mortgage loans, auto
loans, and many other forms of credit. If detected, you are alerted by email, postal mail, and/or phone. If the fraudulent application is successful, their remediation team immediately takes action to restore your credit.
2. eRecon. LifeLock searches through thousands of criminal websites searching for your personal information. If found, they immediately alert you and provide assistance in resolving the problem.
3. TrueAddress. LifeLock proactively detects and change of address information in databases nationwide. If detected, you are immediately notified and provide assistance in resolving the problem.
4. WalletLock. If your wallet is lost or stolen, Lifelock will help cancel and replace the lost contents of your wallet, including credit cards, driver's license, social security card, insurance cards, and more.
5. Free Annual Credit Reports. LifeLock will automatically order your free annual credit reports from the three major credit-reporting agencies and deliver them to you for
review. This is a great way to help make sure your credit file remains accurate.
LifeLock offers a very impressive $1,000,000 guarantee for their services. If your identity is stolen, LifeLock works with you to recover it. The company will hire all the necessary lawyers, investigators, accountants - whatever assistance you may need. If any error or defect occurs
in the services offered, LifeLock will pay up to $1,000,000 to correct the failure. The CEO is so confident in his company's services that his social security number is posted on the internet.
Life Lock's services are a very affordable $9 per month. They also give you one month free if you sign up for a one-year service plan ($99).
One interesting note, is that LifeLock is the only company in our review that offers identity theft protection for children - and at a substantial discount. Children make easy targets for identity thieves because no one bothers to check their credit until later in their teen years. By that time, they may find that their identity has already been stolen and abused for
years. LifeLock provides
the same level of identity theft protection
for children as well as adults, and for only $22.50 / year (provided one adult in the household is also signed up). This seems to be a small cost compared to the value it provides.
If you are concerned about identity theft, LifeLock will put your mind at ease. By taking the steps necessary to protect your identity, LifeLock provides a strong defense against identity thieves. And their $1,000,000 guarantee puts their money where their mouth is. LifeLock earns our highest rating.
