Life Lock - Any Advantage?

[EW800]

Just wondering if there is any real advantage to Life Lock for those of us that monitor credit reports through numerous sources on pretty much a daily basis? I am not necessarily considering LL, however I was just wondering if how many of us within this forum handle our credit monitoring is as good or perhaps even better. Thoughts?

[iv]

Insurance?

Not the "peace of mind" kind of insurance - the kind that actually pays cash in cases of loss due to identity theft.

I'm not personally a fan of LL... but while the free services do a great job of report monitoring, and that combined with bank/lender alerts can do a great job of the actual monitoring part - they don't generally insure you against loss.

Off the top of my head, of the free services Credit Sesame and the new free Experian service both offer $50k insurance, most (all?) of the others don't.  Some banks/lenders may include some insurance with some of their products.

The paid services generally offer insurance, and at much higher amounts than $50k (both LL and MyFICO offer $1M, although CCT is only $50k).

Note, I'm not saying I think LL is a great idea.  And I didn't sign up with MyFICO for the insurance (didn't start a subscription until Premium started offer the monthly full-score/reports just this month).

But the insurance aspect could be a factor for some.

[Anonymous]

The CEO of Life Lock has had his identity stolen 13 times.