MyIDCare vs LifeLock: Deciding Between Excellence

by Calvin Fellows

Topic:  ID Theft

> 3 min read

An excellent choice for someone who needs essential identity protection and assistance. Great for someone on a budget with a family.

  • Excellent identity restoration services; experts do the work for you
  • Significant expense reimbursement, up to $1 million
  • Excellent, affordable coverage

One of the most comprehensive identity theft protection suites available. MyIDCare doesn’t have near the features available. Fantastic for individuals and families alike.

  • Device security drives protection
  • Monitor financial accounts, with up to $1 million in reimbursement
  • Privacy and security in one package, use the VPN and antivirus and the identity monitoring for the utmost identity protection

You have likely considered whether you should purchase identity protection for you or your family. As information technology expands, your personal information expands with it; so do the opportunities for thieves because there are always methods of exploiting technology for personal gains. Identity theft protection suites help reduce the chances of significant loss from an identity theft.

When you’re looking for identity protection services, it can be challenging and time-consuming to compare the different plans and providers that are available. In MyIDCare vs. LifeLock, you can learn about the features and benefits of each service. Find the one that gives you the identity theft protection services you are looking for.

MyIDCare vs. LifeLock: Comparison

WHAT YOU GET

MYIDCARE

LIFELOCK

Pricing

Coverage

  • 1 adult, or 2 adults and up to 5 children
  • 2 adults, up to 10 children

Insurance

  • Up to $1 million for stolen funds, lost wages, and expenses related to the theft
  • Stolen funds reimbursement up to $25,000
  • Personal expenses up to $25,000
  • Lawyer and expert fees up to $1 million
  • Amounts increase with upper-tier packages
  • Stolen wallet protection


Identity Theft Protection

  • Social media monitoring
  • Dark web scanning
  • Change of address monitoring
  • Payday loan monitoring
  • Social Security number tracing
  • Social Security number tracing
  • Notifications on Crimes
  • Committed using your name
  • Dark Web Monitoring
  • Sex Offender Registry Tracking
  • SSN Tracking
  • Financial Account Tracking
  • Change of USPS Address Alerts
  • Privacy Monitor
  • Home Title Monitoring
  • 401(k) and Investment
  • Account Monitoring
  • ID Verification Monitoring
  • Norton 360

Identity Restoration

  • Managed identity recovery
  • ID restoration assistance available

Credit Monitoring

  • Up to 3-bureau credit monitoring
  • Up to 3-bureau annual credit report
  • Credit file locking
  • Up to 3-bureau credit monitoring
  • Up to 3-bureau annual credit report
  • Credit file lockin

QUICK FACE-OFF

Similarities

  • Each provider offers credit monitoring of your credit files for up to 3 credit bureaus. The lower tier plans only monitor 1 bureau, while 3-bureau monitoring is available in the upper-tier plans.
  • You’ll receive annual credit reports from either 1 or 3 credit bureaus depending on your plan.
  • Identity recovery assistance is available.
  • Software scans the internet and dark web for your personal information, such as your Social Security number. If any of your data is found, you receive an alert.
  • Lifelock and MyIDCare provide social media account monitoring.
  • Your address is monitored to ensure that there are no attempts by thieves to use it for illicit purposes.
  • Both providers insure an identity theft for up to $1 million in fees, stolen funds, and expenses incurred when dealing with theft.
  • Plans are offered by each provider that can cover an individual or a growing family.
  • If your information is found on court records, such as being used to commit a crime, you receive notices, which allow you to take action to keep your name clear.
  • Locking your credit file can be done using each provider’s services, rather than communicating with a credit bureau to lock your credit file.

Differences

  • MyIDCare recovery assistance is fully managed. The paperwork is completed for you, and phone calls are made.
  • LifeLock’s identity recovery experts walk you through the process of recovering your identity.
  • LifeLock’s family plan can cover up to 10 children, where MyIDCare covers up to five.
  • LifeLock’s plan can become very expensive when you begin adding additional family members or upgrading the services.
  • MyIDCare remains affordable for a family of seven.
    LifeLock provides Norton antivirus protection for your devices. You can protect an unlimited amount of devices with the Ultimate plan.
  • You’re given access to a virtual private network (VPN) with LifeLock. The number of devices you can connect to the VPN varies by plan.
  • LifeLock offers webcam protection on Windows PCs so that they cannot be remotely accessed.
  • You’re given 500 GB of cloud storage with LifeLock from a Windows PC.
  • LifeLock monitors your bank accounts, investments, and retirement accounts for activity and sends you alerts.
  • If you select a family plan with device protection, you receive parental controls for your children’s devices.
    LifeLock alerts you if your information is stolen in a data breach.

MyIDCare Features and Services

Coverage

MyIDCare credit monitoring covers individuals and families. You can select from two plans, each of which has a family option. Each plan can cover up to two adults and five children.

Identity Theft Protection and Restoration

MyIDCare uses state of the art scanning software to search the dark web for your personal information. If the software finds any of your data on exchanges or sites known for information trafficking, you receive alerts so that you can begin notifying your financial institutions and check your accounts.

Recovering from identity theft can be expensive. You may have had money stolen, so it’s essential to have insurance to help you pay the fees for experts, lawyers, or other costs. MyIDCare provides up to $1 million to pay for the expenses of recovering your identity and financial accounts.

Credit Monitoring

Your identity and credit can be used to open new accounts or take out loans in your name. Your credit file has all of your credit-based transactions in it, so MyIDCare monitors your credit file. If someone attempts to use your name for a loan, you’ll receive a notification that will let you deal with it immediately.

TransUnion is one of the 3 credit bureaus that collect your credit information and maintain your credit file. MyIDCare lets you lock your TransUnion credit file so that no one can do anything in your name that requires a credit check. You can unlock the file anytime you need a credit check, then lock it back up.

Plans and Pricing

Essential Plan

The Essential plan can be purchased in two options to cover either an individual plan or family. The individual plan costs $9.95 per month, and the MyIDCare family plan is $19.95 per month. You receive identity protection notifications and insurance, as well as the services of identity recovery experts.

Premier

MyIDCare’s top plan is the Premier plan. With Premier, you gain the ability to lock your TransUnion credit file, have your social media accounts monitored, and receive instant alerts if a lender initiates a credit inquiry. You can purchase the Premier plan for a family for $39.95 per month or an individual for $19.95 per month.

Pros and Cons

PROS

  • Dark web scanning finds any of your information that is being sold.
  • Expert recovery specialists do all the work of recovering your identity for you, saving time.
  • MyIDCare guarantees a 100% pre-theft status identity recovery or will give you your money back.
  • For the number of services you receive, both packages are very affordable.
  • If your wallet is stolen or lost, MyIDCare’s specialist can help you cancel and replace all the contents.
    24-hour monitoring of your identity and those of your family.
  • Convenient MyIDCare app allows you to request help, receive alerts, and lock your TransUnion credit file.
  • Automates your information monitoring activities so that you can enjoy your life.

CONS

  • There is no security suite or antivirus protection provided for devices.
  • No virtual private network for private and anonymous browsing is available.
  • Most of the featured tasks can be accomplished by consumers.
  • Does not prevent an identity theft from occurring; only provides notices of known actions.
  • There is no option to place a fraud alert on your credit file, only to lock or unlock it.
  • Bank accounts are not monitored. You’ll need to ensure you and your bank watch your account.
  • No option to have your investments or retirement accounts monitored for activity.
  • Social media accounts are only monitored in the Premier plan.

More about MyIDCare features review that is beneficial for people.


LifeLock Features and Services

Coverage

LifeLock credit monitoring is tailored for individuals and families. For families, you can purchase coverage for you and a partner or spouse and up to 10 children. 

Identity Theft Protection and Restoration

Lower-tier plans offered by LifeLock cover the essentials of identity protection, starting with Social Security number and personal information alerts and 1-bureau credit monitoring. Each of the other packages increasingly adds more features for securing devices and financial account activity.

All your information is scanned for on the internet and the dark web to ensure it is not used by someone other than you. If any of your information is found, you’ll receive alerts so you can take action.

Restoration experts are on call and can be accessed through the mobile app. LifeLock’s experts provide assistance and guidance for recovering your identity, taking you through each step.

Credit Monitoring

Your credit file is monitored at 3 bureaus in the Ultimate Plus plan only. The other plans monitor 1 bureau. You receive alerts if there are any credit inquiries or changes to your credit file.

The LifeLock app allows you to lock your TransUnion credit file to prevent unauthorized credit inquiries from occurring. You can unlock the file from the app when you need to apply for a loan or open a new account and lock it up when you are finished.

Pricing and Plans

LifeLock Standard

Standard is the lowest tier of the LifeLock plans and will cost you $8.33/month (paid annually) or $9.99/month (paid monthly).

Select

The second-tier plan is the same price as the Standard plan the first year. It runs $8.33/month (paid annually) or $9.99/month (paid monthly). The extra feature is Norton 360 security, and it renews at a higher price than that of the Standard plan.

Advantage

The Advantage plan is priced at $16.67/month (paid annually) or $19.99 per month (paid monthly). It includes Norton 360 services and financial account monitoring. 

4

Ultimate Plus

The Ultimate Plus includes all the lower-tier plans ID protection features plus home title monitoring, 3-bureau credit reports/scores, and more device protection services. This LifeLock family plan is $25 per month (annual billing) or $29.99 per month (monthly subscription) and has the highest renewal pricing.

Pros and Cons

PROS

  • Select from a plan that is right for you, and add members as needed.
  • One of the most comprehensive identity theft suites available.
  • Scans over a trillion data points daily for your information.
  • Secure unlimited devices with the top plan, using VPN and antivirus.
  • LifeLock app lets you track your credit score and access your benefits on-the-go.
  • Norton antivirus scans your devices for malware and keyloggers.
  • VPN lets you browse the internet anonymously and securely.
  • Alerts are sent to you via SMS, email, phone calls, or push notifications.
  • Identity restoration support from LifeLock’s restoration experts.
  • Monitors 3 bureaus for credit file changes or inquiries.

CONS

  • LifeLock’s pricing is high. Its top tier plan costs $349 for a discounted annual subscription.
  • You need to add family members to these plans, which can increase the cost.
  • No cloud backup option for Mac users.
  • You may not need Norton antivirus security if you already have a subscription with a provider.
  • Discount prices are only good for 1 year; then the prices go up between $25 and $40.
    Triple bureau monitoring is only available with the top-tier plan.
  • You can take many of these preventive measures yourself, reducing the amount of money spent.
  • Investment account protection should be available in more than 1 tier.

Conclusion

Unfortunately, everyone has to worry about their identities being stolen. Our personal information is on the internet, no matter how hard we may try to safeguard it. Additionally, the internet is so vast there is no way for anyone to scan for their information without assistance.

If your identity is stolen, it can cost hundreds of thousands of dollars to recover it in lawyer fees, official document costs, and other expenses. You and your family need the best identity protection you can get. MyIDCare is an excellent choice for monitoring your identity and alerting you, and their restoration services are the best available.

However, LifeLock offers much more protection with its all-inclusive plans. Your devices hold tons of information about you, so securing them with a VPN and antivirus is a smart move. When you consider that their information scanning technology, insurance, and credit monitoring are all included in one convenient package, it’s hard to debate that LifeLock offers much more comprehensive protection than MyIDCare.

All the features LifeLock provides in its plans come at an excellent price. If you are looking for the best identity theft protection and coverage for you and your family, LifeLock has you covered.



About the Author

Calvin Fellows is a former military security agent and police detective who headed security administration. Calvin is experienced and knowledgeable in all avenues of personal and corporate security, and is dedicated to educating people on how to preempt any physical or cyber security attacks before they happen.

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