LifeLock Reviews – Best Identity Theft Protection Guide [2020]

LifeLock is one of the trusted brand when it comes to Identity Theft Protection. Read more about LifeLock, its competitors or alternatives, and comparison articles with other companies that offer this service.

The internet is how we run the daily affairs of our lives. The ease and speed it brings to your lives can at times cost you dearly if you slack off on your online security.

Individuals and businesses alike – they all end up losing millions to ID hackers almost every day. And most of it can be attributed to the lack of urgency towards ID theft protection.

An in case you are thinking that getting yourself decent online security may cost you a lot, then you’re mistaken. Yes, there will be a monthly charge, however, the perceived cost will quickly pale in comparison to the benefits you get out of it.

It is truly an investment worth making.

Let’s try and understand identity theft in more detail and why it makes sense to pay more attention to it.

We will also present here a detailed review of a top-rated online ID protection services called LifeLock.    

Best LifeLock Reviews [Updated 2020]

Overview & Feature Bucket

If you ever want to gauge whether a product or service is worth your hard-earned cash, then one of the easiest ways of assessing that is to take a look at its market share and what people are saying about it. LifeLock scores a homerun on both of these aspects. Not only more than 5 million people across the US have trusted LifeLock with their online safety but they also have lots of nice things to say about the overall experience.

LifeLock offers a comprehensive online ID protection feature package. It will vigilantly screen your finances such as your bank accounts and credit card usage and immediately fire off alerts through phone and email to let you if it detects any suspicious activity. LifeLock is also quick to restore order for those rare people who fall prey to ID theft.

They have a dedicated account restoration department that will guide you through and provide legal help throughout the recovery process. Moreover, LifeLock will also provide you insurance cover of to up to $1 million for financial loss from ID theft.

LifeLock Plans

Standard

Select

Advantage

Ultimate Plus

Reimbursement / Compensation

Cell
Cell
Cell
Cell

Stolen Funds

Up to $25,000

Up to $25,000

Up to $100,000

Up to $1 Million

Personal Expense

Up to $25,000

Up to $25,000

Up to $100,000

Up to $1 Million

Coverage for Lawyers and Experts

Up to $1 Million

Up to $1 Million

Up to $1 Million

Up to $1 Million

Customer Support

Cell
Cell
Cell
Cell

24/7 Live Support

Cell

Monitoring

Cell
Cell
Cell
Cell

Credits

1-Bureau

1-Bureau

1-Bureau

3-Bureaus

Dark Web

Data Breach Notifications

Alerts

Cell
Cell
Cell
Cell

SSN and Credit

Bank and Credit

Cell
Cell

Crimes Committed on Your Name

Cell
Cell

Investment Account

Cell
Cell
Cell

Reports

Cell
Cell
Cell
Cell

Annual Credit Report and Score

Cell
Cell

1-Bureau

3-Bureaus

Monthly Credit Score Tracking

Cell
Cell
Cell

1-Bureau

Devices

Cell
Cell
Cell
Cell

Security

Cell

Up to 5 Devices

Up to 10 Devices

Unlimited

VPN

Cell

Up to 5 Devices

Up to 10 Devices

Unlimited

LifeLock Plans

You will have a choice between 3 individual plans to choose from. Here’s the rundown on pricing and core features within each plan:

1. LifeLock Standard

LifeLock Standard is the most affordable plan on the LifeLock plan roster. You will have to pay $11.99 per month. However, if you are looking to bring down your ID protection budget then signing up for their annual plan will suit you better. The annual plan will net you an overall discount of $24 and your monthly bill will come down to $9.99. You will get up to $1 million for ID theft financial loss. Plus, you will get an additional $25,000 to plug in the immediate losses. And there will be an extra $25,000 to meet your personal expenses. However, you will be out of luck if you also want credit reports or scores. But the plan offers constant screening of your Equifax credit records and will also alert you in case it detects any attempts for unauthorized access to your bank accounts or SSN.

2. LifeLock Advantage plan

LifeLock Advantage plan is priced at $22.99 per month and you can pull down your monthly bill to $20 if you choose the annual option. We’re sure you must be thinking “what’s the benefit of the extra charge?” The Advantage Plan offers all the features of the Standard plan plus the financial loss and personal expense limits are both reset at $100,000 each. This is in addition to the $1 million insurance coverage. The plan also offers enhanced credit monitoring as you will have access to an additional Equifax credit report and Equifax VantageScore 3.0 credit score.

3. LifeLock Ultimate Plus plan

LifeLock Ultimate Plus plan will run you a monthly bill of $34.99 but you can make a significant saving of more than $5 each month if you sign for the annual plan – you will pay$29.99/month. Now, even at $29.99 per month, it may pinch your wallet. However, you could make a case for the plan once you consider its distinct advantages. One, you stand to receive up to $1 million to cover your personal expenses in case of identity theft.  This is a significant increase from the other 2 plans. Moreover, the Ulitmate Plan provides a comprehensive credit screening package, which includes reports from all 3 credit agencies and monthly access to Vantage 3.0 scores from the credit reports of Experian and TransUnion.  You will also get updated sex offender reports.        

4. LifeLock Family Plan

LifeLock offers a hassle-free process to bring your children under protection. You just have to pay $5.99 per month for each child once you settle on any of the above individual plans. The children must be under the age of 18 years and the number of children allowed under a single plan is limited to 10. However, adding your spouse will cost you as you will have to pony up for an extra individual plan.     

LifeLo​​​​ck Customer Service

Remember we talked about taking a look at what people say about the product you are considering? Well, when you go through LifeLock’s reviews, it doesn’t take long to realize that its customers are more than satisfied with the level of service they have received.

It wouldn’t be wrong to assume that LifeLock offers one of the best customer support experiences in the ID theft protection space. Even if you have a relatively non-urgent issue, they will help you out 24-7. Plus, their ID restoration team is just as willing and will scamper to sort out your issue as soon as possible.

Pros

  • Money-back guarantee: This is something that you won’t find with many other services. Plus, the fact that they’re willing to return your cash truly shows that LifeLock is very confident in the level of its security. If you have signed up for their annual plan, then you can ask for a complete refund within 60-days.  
  • A reliable insurance coverage: LifeLock also one-ups its competition when it comes to providing ID theft insurance coverage. Depending on which plan you sign up for, you can qualify for up to $1 million for financial loss and personal expense compensation ranging from $25,000 to $1 million. 
  • Reliable customer support: You will have round the clock access to customer support through the phone – even for routine problems.
  • Dedicated identity restoration department: This is where LifeLock truly shines. If you end up with ID theft damage, they won’t shuttle you from office to office. They have established a dedicated identity restoration department to make the entire process stress free and as quick as possible.   

Cons

  • Expensive family plan: Well, we must concede that LifeLock’s family plan is quite expensive as compared to the competition. Complete family coverage will cost you a bit. In addition to the extra charges for kids, your spouse must pay for his/her own individual plan.
  • Annual price increase: Your monthly plan charge will be increased after your subscription reaches the 1-year mark. 
  • Identity Restoration Service can only be reached during regular business hours.

LifeLock Member Reviews


Understanding Identity Theft Protection

What Is It?

Put simply, when someone tries to steal your personal information with the intention to harm you financially or in any other manner, that is ID theft. There are many avenues that the hacker can potentially exploit to gain unauthorized access. They could range anywhere from your social media profiles to the ATM receipts that you leave behind.  

Why You Must Take It Seriously?

There are so many ways that ID thieves can cause damage. To start off, the horror stories you heard about someone going bankrupt because of ID theft is most likely true.

Let’s take a look at some of the benefits of subscribing to an online ID protection service:

  • Constant Surveillance: You will have the peace of mind knowing that you’re being protected round the clock. ID protection services constantly screen the internet and the dark web. This significantly reduces the likelihood of ID theft.
  • Quick Alerts: If someone tries to access your information without your knowledge, you will be altered through multiple channels.
  • Financial protection: This is the most important benefit of subscribing to an ID protection service; it will make sure that you don’t lose your hard-earned savings by offering insurance coverage of up to $1 million.  

How To Choose The One That Serves You Well

Keep the following pointers in mind to choose a service that matches your needs.

  • Research: Talk to people, ask around and do your research. Review several services before making the final decision.
  • Customer Feedback: We have said it before and will say it again – going through past customer reviews is your best bet on finding a reliable service.
  • Clarity: Stop the moment you don’t understand anything. Always ask for clarity before proceeding further.


Summary

Although LifeLock is a bit more expensive than its competition and mainly caters to the premium section of the market. However, when you consider the vast feature list and the overall public feedback about the service, then it becomes quite a bit easy to justify its higher price point.  If you want close to impenetrable online ID protection and budget is not a priority then, choosing LifeLock will make more sense for you.

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