Free credit monitoring from LifeLock is a service that is advertised a lot on television, radio, and the internet among other media. The company has published its $1 million service guarantee and alerts to assist in the early identification of fraud, which should make LifeLock your complete solution in the fight against identity theft. The drawback is that it is not cheap, ranging from $9. 99 to $29. 99 per month. Does LifeLock justify its value or can there be free or even other more reliable alternatives to identity protection?
What LifeLock Provides
While LifeLock offers identity theft protection services, it watches over your details and notifies you when it detects any signs of identity theft. This includes:
- Loan requests such as credit cards and bank accounts opened in your name
- New accounts, which have been opened as well as requests that have been made about your credit report.
- Use your information to apply for a payday loan
- Alteration of address, driver’s license, and social security number or any change that raises suspicion.
In the occurrence that you do fall prey to identity theft while you are still under the protection of LifeLock, their golden policy of service guarantee is $1 million that they will spend on lawyers and other experts to sort out the mess. Additional service that is offered by the company includes the search for your lost IDs and credit cards on the internet and lost wallet protection as well as protection when your information is posted on the black market or cybercrime market.
For all of these services, LifeLock's cost for service delivery ranges between $9. 99 per month for the Basic protection service and $29. 99 per month for the Ultimate Plus package. If there are any alarms on possible fraudulent transactions in your account, there are support agents available 24/7 to respond to such notifications or answer questions regarding their services.
How Effective is LifeLock in Comparison to Its Competitors
Even though LifeLock provides exhaustive services, other equally efficient identity theft firms are available at comparatively cheaper charges. Here are a few LifeLock alternatives worth considering: Here are a few LifeLock alternatives worth considering:
IdentityForce Similar to LifeLock, IdentityForce offers credit monitoring from the three major bureaus, Identity, the Dark Web, Wallet Protection, and up to $1,000,000 insurance services. It offers a monthly subscription for basic plans which costs $8. 95 for individuals and $14. 95 for a family subscription. It provides clients with bank and credit account transaction tracking, email and credit monitoring, monthly credit reports, and credit scores.
IdentityIQ For both single subscriptions and household subscriptions, IdentityIQ provides a range of plans with affordable prices, such as $6. 95 per month for credit monitoring and notification service. Some of the additional services included in the higher subscription levels include monitoring services for social security numbers, sex offender searches, tri-bureau credit reports, and scores on an annual basis. To this end, their $1 million identity theft insurance feature functions like LifeLock’s guarantee.
ID Watchdog For a monthly cost of $8. 95 to $24. 95, ID Watchdog offers credit reports and monitoring, searching on the dark web for your information, and if you lose your wallet. Additional programs included in their Platinum plan are online behavior analytics, which will be useful for identifying if someone else is calling the financial companies in your name, and payday loan monitoring across the 50 states of the United States.
ReliaShield by Norton ReliaShield is a new identity protection program of Symantec’s consumer cyber safety brand Norton that includes valuable Norton antivirus software along with typical credit monitoring. ReliaShield for $9. 95 to $29. 95 offers features such as monitoring of the dark web, insurance of up to $1 million, customizable alerts, monthly reports, and protection of devices. This integrates helpful cybersecurity with identity theft amenities.
PrivacyGuard Offering comprehensive credit and identity protection solutions, PrivacyGuard offers its cutting-edge data monitoring technology for as low as $9. 99 monthly. In addition to fraud alerts or monitoring of the Dark Web, there are Medical Identity Theft risks such as your health insurance being used in other clinics or for false claims in your name.
LifeLock: Is It the Right Choice
This company is famous under the name of LifeLock and though the options are similar to the main services of the company, other similar services are cheaper. Some other companies that offer similar credit monitoring, fraud alerts, lost wallet protection, insurance, and support services include IdentityForce, ID Watchdog, ReliaShield, and PrivacyGuard at much lower subscription rates.
When thinking about buying LifeLock, you should look for other companies that offer similar services at lower prices to get the desired protection against ID theft. Currently, there are many services available in the identity security industry, therefore, select a service, which suits your pocket. LifeLock does work, but it is not the only way to extend the safety of your life and data online.
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