LifeLock Review: Identity Protection and ID Theft Monitoring

With the recent news of hackers stealing personal information, you may have been wondering how you can protect your identity. In this LifeLock review, I’ll cover an in-depth product review of the services and the cost of identity theft protection.

LifeLock began in 2005 and has been owned by Symantec the large security software company since 2016. It is the most well-known identity theft protection services because of their original creative advertising. Back in the mid-2000s, the founder shared his social security number in the ads welcoming people to try and use his identity.

But first I want to help you understand identity theft and how companies like LifeLock exists and continues to be successful.

What is identity theft?

Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. Learn More >

Some facts about identity theft

Identity theft has been around in some form or another. Identity theft ranges from fraudulent activities committed online or courier mail fraud. There are thousands of new cases reported each day.

  • 15.4 million victims according to a Javelin study in which 1 in 16 people were victims of identity theft in the United States in 2016
  • The Identity Theft Act and Assumption Deterrence Act of 1998 (Identity Theft Act) states ID theft has occurred when one knowingly uses the identification of another person with the intent to commit any unlawful activity violating Federal law.

Now that you have some background information, let’s get into the LifeLock review.

What is LifeLock?

LifeLock is an identity theft protection company based in Tempe, Arizona, and a subsidiary or Symantec. The company offers modern identity theft protection services using mobile technology and apps to detect fraudulent credit applications and other activities.

Is LifeLock Legitimate and Safe?

LifeLock is a legitimate company and uses top-level security to protect and monitor your identity. The confusion some people have about LifeLock is the services and protections offered.

LifeLock is not a scam. Many consumer’s complaints with the Better Business Bureau centered on the claim that LifeLock offered $1,000,000 identity theft protection. This protection isn’t used to recover funds have been stolen or repay credit used fraudulently. It’s used to offset the legal or other expert costs.

LifeLock’s Identity Theft Protection

LifeLock offers consumers a choice between 3 options. Regardless of which monthly service you choose, LifeLock gives you standard basic protections. For example, they provide 24/7 customer support through their Identity Alert System. And if you lose your wallet, LifeLock provides wallet protection. You can call them and report the wallet stolen or lost and they will cover any fraudulent activity from the point on. Additionally, LifeLock will reduce personal information exposure online and limit spam email.

Each of LifeLock’s plan is for a monthly subscription service. They are offering three membership plans with varying degree of protection. You can select the service that meets your needs. The plans range from $9.99 to $29.99 per month. The higher plans offer more protections and tracking services of your identity.

LifeLock Standard  – $9.99 / month

LifeLock Standard membership features include:

  • Up to $25,000 stolen funds reimbursement
  • Up to $25,000 personal expense compensation
  • $1,000,000 coverage for lawyers and experts
  • Social Security Number and Credit Alerts
  • Lost Wallet Protection
  • Address Change Verification
  • Dark Web Monitoring
  • LifeLock Privacy Monitor
  • Credit monitoring of one credit bureau

LifeLock Advantage – $19.99 / month

For the additional $10 per month, you can upgrade to the LifeLock Advantage membership:

  • Get all the features and benefits of the Standard, plus:
  • Up to $100,000 stolen funds reimbursement
  • Up to $100,000 personal expense compensation
  • Bank & Credit Card Activity Alerts
  • Alerts on Crimes Committed in Your Name
  • Data Breach Notifications
  • Fictitious Identity Monitoring
  • Annual credit report and score from one credit bureau

LifeLock Ultimate Plus – $29.99 / month

Lifelock’s highest service is the Ultimate Plus plan. This includes everything from the two plans plus:

  • Up to $1,000,000 stolen funds reimbursement
  • Up to $1,000,000 personal expense compensation
  • Annual credit reports and scores from three credit bureaus
  • Monthly credit score tracking of one bureau
  • 401(k) & Investment Activity Alerts
  • Bank Account Takeover & New Account Alerts
  • File-Sharing Network Searches
  • Sex Offender Registry Reports
  • Priority Live Member Support

Will LifeLock Really Protect Your Identity

There is no service that exists that is 100 percent reliable. Unfortunately, the reality is that fraudsters continue to find ways to get your information and use it for their illegal activity. LifeLock, is an proactive measure to help you stay on top of any potential fraud. The services they offer can help you gain peace of mind and feel secure.

Experiencing identity theft is a time-extensive and frustrating process. Having LifeLock or another company may help lessen the time and pain you’ll experience.

My Smile Review: Is LifeLock worth the monthly subscription fee?

Identity theft is a real thing and with the recent news of Equifax hack continues to be top of mind. If you believe you’re at a great risk of identity theft, then LifeLock can be of value to you. The subscription fees are low enough to feel secure.

Learn how you can protect your identity. The federal government offers great resources to educate you on ways to protect and regain your identity.

I’ve also reviewed Credit Sesame’s free credit monitoring and identity theft protection service (up to $50,000  for free and upgradable to $1,000,000). That may be a good alternative if you’re on the fence about getting another paid subscription service.

So should you try LifeLock? It can be worth the monthly fee. I suggest checking it out for yourself and decide. I hope this review was helpful. Get LifeLock identity theft protection >

If you’re a LifeLock user, let me know. I want to hear about your experiences.

LifeLock Review

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Ease of Use
Customer Service
Fees & Commissions

LifeLock is a legitimate and safe identity theft protection services provider. They offer a three-tiered program that provides financial and customer service support.

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User Rating: 4.7 ( 1 votes)
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Jason Vitug

Jason Vitug is founder at phroogal, creator of the award-winning project the Road to Financial Wellness, and author of the bestseller and NY Times reviewed book, You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life.

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