LifeLock Review

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In 2010, over 7% of U.S. households had at least one member over age 12 who was a victim of identity theft.  To put that stat into perspective, think about a small subdivision of just 14 houses – one of them will be a victim of identity theft each year.

Unfortunately, people who are victims of identity theft usually find out months, if not years after the initial incident.  For many people, finding out about fraudulent activity usually happens when they’re applying for a home or car loan and the banker spots some blemishes on their credit report.

No one wants their identity or credit compromised, so protection services like LifeLock promise protection against fraud up to one million dollars.  The company believes in their service so much that  Todd Davis, LifeLock CEO’s social security number 457-55-5462 was shared as proof of how good their service really is.

But here’s a secret: you don’t really need LifeLock to get the same protection as they claim to give.

Is LifeLock a Scam? Can’t I Monitor My Credit Myself?

First off, LifeLock is not a scam.  LifeLock is one of the best credit monitoring service available today.  I’ve personally signed up for LifeLock because I like the convenience of what they do and because they’re the leader in identity theft protection.

Nevertheless, everything that LifeLock does can be done yourself if you’re willing to take the time to do it!  You can monitor credit, run your credit history every 3 months, and opt out of those pesky junk mail lists on your own.  Yes, it does take time and yes, you do have to remember to do it every few months.  For those people who don’t want to think about it every month, paying $9 a month (usually a one time annual payment of about $100) can really be worth it.

LifeLock is simply a convenient service that provides security notices and protection measures to keep your identity protected.   They charge about $9 a month for you to have peace of mind.  If $100 a year is worth the satisfaction of knowing that your identity is being securely monitored and that someone will be your advocate if identity theft happens, then LifeLock is a good idea.

What is WalletLock?

Another service provided by LifeLock is called WalletLock.  It’s included in the basic service and allows you to call an 800-number if you ever lose your wallet or if it’s stolen.  The WalletLock team will help you cancel credit cards, replace and report passports, licenses, and ID cards.  As long as you’ve told WalletLock about the cards you carry with you, they’ll be able to help.

Of course you can manage this yourself by making copies of every card in your wallet and writing down the numbers that you would call if your wallet was stolen or lost.  But if you’ve ever lost your wallet, you would know how much of a hassle it is to replace everything – so having a service like WalletLock could really be a lifesaver.

Should You Sign Up For LifeLock?

Not every service is right for everyone.  If you’re the kind of person who really likes to manage details and keep organized records of your financial information, then LifeLock may not be worth it for you.  If that’s not you, then $100 a year could be a small price to pay for peace of mind.

What about you?  How much would you pay to know that your identity is being protected?  Are you actively managing your security like you should?

You owe it to yourself to at least look into what LifeLock can do to protect your identity
Save 10% when you sign up for LifeLock today and have your identity protected and backed by our $1million dollar guarantee!