If you have been searching for a way to reduce the impact of identity theft, then you will no doubt have come across LifeLock services.But is Lifelock worth it? There are no free Norton Lifelock memberships.
Of course, to determine whether or not you should sign up with this company, you first need to know what LifeLock is all about.
Well, here, you can gain an in-depth look at this identity theft protection agency. In turn, you will be better equipped to understand the services that they offer you. So, without further ado, here is what you need to know.
What is LifeLock?
First things first, what exactly can LifeLock do for you? In short, LifeLock keeps an eye on your personal information.
The exact type of information that is monitored will depend on your membership plan. At the most basic level, though, LifeLock will watch your social security number and credit information.
This way, should anybody gain access to your information and attempt to use it, LifeLock will be able to observe this activity. T
hey can then inform you, reducing the impact of the theft. The company also works with clients to quickly recover stolen information and find the thieves.
LifeLock also works to reduce the number of people who have access to your personal information. They safeguard important details, ensuring that only relevant individuals can gain access to this information. As such, you may be able to cut down on the risk of identity theft.
So to summarize, LifeLock provides you with the following services:
- Reduces public exposure of your personal details
- Alerts you when secure information is accessed
- Will help to recover information and funds
There are many Lifelock reviews out there, but the problem is that most of the reviewers don’t cover all features or they haven’t even tried out Lifelock themselves.
How safe is Lifelock? Lifelock was been developed by Norton. Norton is one of the leaders in the internet security industry. Lifelock is really safe and secure.
What Does Lifelock Cost?
Fortunately Lifelock is really affordable. At the time of writing this article there were three options:
- Standard for $10/month
- Advantage for $20/month
- Ultimate Plus for $30/month
You will find more info about these memberships below.
You can download an app directly onto a mobile device.
This way, you can receive alerts on notifications regardless of where you are. You will also have access to certain accounts to determine how they are performing.
Finally, the app allows you to get immediate access to customer service, should you need to speak with them.
What LifeLock Can’t Do
Now, let’s take a look at what LifeLock isn’t – it can’t actually prevent identity theft in the first place. Rather, the company will inform you of any suspicious activity that has taken place and then help to combat it. Therefore, even if you do sign up for this service, you will have to take certain precautions by yourself.
Of course, this isn’t a problem that is unique to LifeLock alone. Most identity theft protection programs can only intervene after the fact. Not to mention, there are limits to even what you can do to safeguard your personal information.
How Does LifeLock Work?
As you can imagine, the exact mechanism behind LifeLock is a heavily guarded secret.
Nonetheless, the main thing to understand here is how the system works overall. The company uses proprietary technology to essentially monitor how your personal information is used on the internet.
As a customer, you will need to provide the company with basic but fundamental information about yourself. The program will then utilize these details and determine how they are being used. If it detects unusual activity, you will be informed. The system manages this in the following ways:
- Social Security Number and credit alerts
- USPS address change verification
- Credit monitoring with credit bureaus
- LifeLock Privacy Monitor
Once it has been determined that your information has been stolen, LifeLock’s main goal is to retrieve these details. In this instance, you will have access to the following services:
- Lost wallet protection
- An US-based restoration team
- Dark web monitoring
Reimbursement and Compensation
LifeLock also offers what is known as a Million Dollar Protection Package. Understand, once sensitive information has been stolen, there is a chance that you may end up losing money. At the very least, you will have to hire certain experts to prove your case to get your money back.
Now, the company offers compensation and reimbursement for certain activities. The exact amount depends on the membership package that you sign up for. Nevertheless, to a certain degree, your stolen funds will be reimbursed. You will also be compensated for your personal expenses. Last but not least, you will receive up to $1 million to cover expenses for lawyers and other experts.
The Membership Plans
There are three main membership plans to choose from. Here is a breakdown of each of them:
The most basic (and cheapest) package from LifeLock is the LifeLock Standard plan. Here, your social security number and credit will be monitored. If there is a theft, you will be provided with access to a restoration team and all the services that come along with it. With this package, you will receive up to $25,000 in stolen funds repayment, up to $25,000 in personal expense compensation, and up to a million dollars for experts and lawyers.
In addition to the perks of the Standard package, you also get several other benefits for the higher price of this package. This includes more extensive monitory such as bank and credit card activity alerts, data breach notifications, alerts on crimes in your name, and fictitious identity monitoring. You also get an annual credit report from one of the bureaus. Finally, you can expect compensation and reimbursement up to $100,000 for stolen funds and personal expenses. The expert coverage still stands at $1 million.
LifeLock Ultimate Plus
With the Ultimate Plus package, your credit is monitored at all three credit bureaus. Furthermore, you can expect the benefits of the Advantage package and a few others as well. This includes monthly credit score tracking with one bureau and 401K activity alerts. The package will also track new bank accounts and account takeovers as well as file sharing networks. Last but not least, members will receive compensation and reimbursement up to $1 million on all accounts.
This is the extent of the LifeLock services and what you need to know about the company’s services. So, if you feel like you need to protect your personal information more closely, this is a service that you may want to consider.
Is Lifelock Worth The Money?
Yes. Identity Theft is a serious problem, that is growing every year. Lifelock offers a 60 day money back guarantee. So you can get your money back if you decide later that Lifelock is not for you.