Is LifeLock the Best?
Our Comprehensive LifeLock Review will Reveal All
To be the most successful company in any industry you need to market well and LifeLock has a marketing campaign second to none that has quickly earned over 4.5 million customers and positioned themselves as the leading identity theft protection company.
In fact, they were one of the fastest growing companies in the US and were nominated and/or won multiple American Business Awards, including Best New Company, Best New Product/Service, and even Best Overall Company.
They also won Red Herring 200 which is an award reserved for the 200 most innovative and promising private firms in the U.S. and Canada and were named to the Top Global Company 250 list by AlwaysOn.
LifeLock was always well backed financially starting with premier investment firms Goldman Sachs Inc., Kleiner Perkins Caufield & Byers, and Bessemer Venture Partners. In the next round they raised another $40 million from a group that included their newest partner Symantec, makers of the popular Norton Internet Security Suite.
LifeLock had there initial public offering in the fall of 2012 and trades on the New York Stock Exchange under the symbol LOCK.
In the fall of 2016 it was announced that Symantec had agreed to purchase the company for $2.3 Billion. The deal created the world’s largest consumer security business and closed early in 2017.
How does LifeLock work and is it worth it?
LifeLock’s Identity Alert® system† provides you broader identity coverage, greater control, and early notification of potential identity threats. The system monitors 1000’s of databases and trillions of data points.
(Please Note: No one can prevent all identity theft. LifeLock does not monitor all transactions at all businesses.) You know this already if you follow us or pay attention to anything we say or write. 🙂
The Identity Alert system, included in all plans, is an effective identity protection service as it is proactive rather than reactive in that it provides deep forensic analysis to both help predict future risk and identify vulnerable members before their identity is stolen.
This differs greatly from credit monitoring which only informs you that someone has used your credit and then leaves you the emotionally draining and costly task of restoring your credit and clearing your name.
LifeLock alerts you by text, email and/or phone (Phone alerts made during normal local business hours) whenever their system detects your personal information being used to apply for many forms of credit cards, wireless services, retail credit, utilities, check orders/reorders, mortgage loans, auto loans, and non-credit related payday loans.
If the application is fraudulent, their remediation team will take action to help restore your good name. Other available alerts, included in their higher level LifeLock Advantage™ or LifeLock Ultimate Plus™ plans include credit card, checking and saving account, bank account takeover, investment account activity and three-bureau credit monitoring alerts1,2.
Please see our LifeLock Ultimate Plus Review for a list of all available alerts and all additional services included in their premier service.
Are you confident that you could handle the fallout, stress and anxiety that would result from an identity theft situation? Personally, we would never want to find out.
As a proud partner of LifeLock we are able to save you 10% with our LifeLock promotion.
LifeLock’s Additional Services
Every year Lifelock removes you from pre-approved credit card offers, which are a known source of identity fraud. They also have a value added feature that, in the event that you lose your wallet or purse, will allow you to place one phone call to LifeLock and have a representative help you cancel your accounts and replace all your identification.
This saves your valuable time and reduces your stress, especially when this happens while your in another country. Covered are credit and debit cards, Social Security cards, driver’s licenses, insurance cards, checkbooks, and even traveler’s checks. Excludes pictures, cash, and cash equivalents.
LifeLock also scans the black market internet, some 10,000 illegal websites, for your private information such as your Social Security number, credit card number, driver’s license and email address, if provided, and lets you know if anyone is selling, using or attempting to steal them.
An important service since millions of Social Security numbers and credit cards are traded or sold online every year and even things like bank account numbers and passwords are readily available on these illegal websites.
They also scans various address databases nationwide and alert you if a criminal has changed your address, a common practice employed by identity thieves to steal your mail and obtain your financial information.
Million Dollar Protection™ Package*
The meat and bones behind the package is the Million Dollar Protection Package* which they pioneered. As a LifeLock member, if you become a victim of identity theft they will spend up to $1,000,000 to hire lawyers and experts to help your recovery.
Essentially they promise to do whatever it takes to recover your good name and will spend up to $1,000,000 on attorneys, accountants, case managers, investigators, or whatever professionals you need to accomplish this. Unlike other services where you hire these professionals yourself, do the leg work, and the company “assists” you in cleaning up the mess, LifeLock is, once again, proactive and takes the steps necessary to help you recover.
Also included is up to $25,000 Stolen Funds Reimbursement and up to $25,000 Personal Expense Compensation. Both increase to up to $100,000 for LifeLock Advantage and up to $1,000,000 for LifeLock Ultimate Plus, their better but more expensive plans.
It is important to note that the LifeLock Million Dollar Protection Package only applies to new cases of identity theft. Existing identity theft victims will not be able to activate the guarantee for the preexisting case. This is why it is important to have this protection in place before some low life criminal ruins your good name or steals your hard earned money and your most precious possession… Your Identity.
LifeLock also has identity protection for children and only charge $25 a year ($22.50 with our LifeLock discount) but only to age 15 after which the adult rate applies. They do this by requesting a credit report which should come back not on file.
They will then confirm every 90 days that that no credit report exists. If your child has a valid credit report, they will place fraud alerts on your child’s file. They will also request that a notation be placed on the report indicating that there should not be any activity on the file because the child is a minor.
In addition, they order a copy of your child’s work history from Social Security Administration to confirm that your child’s social security number is not being used fraudulently.
LifeLock’s customer service has been reviewed by Identity Theft Labs and has been found to be excellent. They are polite, knowledgeable, and readily available to assist you. They are open 24 hours a day, 7 days a week. If you would like to order over the phone you can call 1(877)- Lifeloc and use promotion code BestOffer. You will save 10%.
It is very reassuring, and rare in today’s new world, to know that if your identity was compromised in any way that you can reach out to a well-trained fellow American to help you with your situation and identity restoration.
LifeLock Promotion Code
IdentityTheftLabs.com has been informing Americans of the danger of identity theft and anyone who has been learning from us knows that the number of Americans who have had their private and personal information compromised is staggering, over 217,000,000 in three years resulting in 8 to 10 million identity theft victims every year.
Identity theft is easy to get away with and lucrative which is why identity theft rings are growing fast, and organized crime from the different mafias and bikers to far-flung foreign hacker groups have thrown their hat in the ring.
LifeLock identity theft protection and the Identity Alert system they employ is one of the best ways to help protect yourself from identity theft and it is also very affordable. By using the link below you pay only $98.90 per year (applicable sales tax not included), saving $11 off their yearly standard rate and $21 off their monthly rate.
Take advantage of their special pricing while this lasts and protect yourself and your loved ones before its too late. It’s not only the peace of mind a Million Dollar Protection Package* provides, its proactive protection that will guarantee your good name and standing. Be safe, be proactive now.
Protect Your Family from Identity Theft Today – Just click here to enroll and save 10%. The promotion code will be automatically applied, just fill out the simple enrollment form on LifeLock’s secure site. You will have the option to choose any plan you like all at a discounted rate.