Thursday, September 16, 2010

LifeLock vs Trusted ID

LifeLock and Trusted ID are two well-known identity theft protection plans that have similar features. But there are also some differences. Below is a chart to easily see how they compare.

Plan Comparison

Protection PlansLifeLockTrusted ID
Opt-out of pre-approved credit offersYesYes
Manage Security FreezeYes
3-Bureau Credit ScoreYes
3-Bureau Credit ReportYes
Monitor Credit CardsYesYes
Scan internet for misuse of personal infoYesYes
Scan address change databasesYes
Wallet Protection ServiceYesYes
Free Anti-Spyware ProgramYes
Help for Medical Identity TheftYes
$1,000,000 WarrantyYes
$1 million Total Service GuaranteeYes
Identity Theft Recovery Done for youYes
Cost
$10 monthly
$110 annually
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$9 monthly
$99 annually
$2.25 monthly - child
Individual - $14.99 monthly
$125 annually
Family - $27.99 monthly
$240 annually
14 Day Free Trial
One of the main differences between Trusted ID and LifeLock is the way they handle an actual identity theft.
TrustedID will give you a kit with plenty of info and helpful articles. They have a toll-free number to call for assistance. But it’s up to you to do the work. Their million dollar warranty will reimburse you for any out of pocket expenses like legal fees, extra credit reports, long distance phone calls, etc. It also covers your lost wages up to $5,000.

LifeLock has $1 million total service guarantee. This means they will do the work for you. If your Identity is stolen while you are a member of LifeLock, they’ll do whatever it takes to recover your good name. If you need lawyers, they’ll hire the best they can find. If you need investigators, accountants, case managers, whatever, they’re yours. If you lose money as a result of the theft, LifeLock will give it back to you.

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