Identity theft may be more common than you think. In 2014, there was a new identity fraud victim every two seconds. That same year, $16 billion was stolen from 12.7 million U.S. consumers as a result of identity theft. If you re searching for ways to keep your information secure online, use this guide to compare two of the most popular identity theft protection services: IdentityForce and LifeLock.

Identity Theft Protection Service Overview

It's important to understand the basics of identity theft protection services before comparing providers. The purpose of these services is to monitor your online accounts and guard your personal information. If any information is compromised, you receive alerts and support to address the issue and cover any monetary losses.

IdentityForce and LifeLock, Identity Theft Protection Services

When comparing IdentityForce and LifeLock, it's important to know that these companies offer many of the same basic services: account monitoring, fraud alerts and 24/7 support. In addition, users of both LifeLock and IdentityForce can add protection for their family members at discounted rates.

IdentityForce Advantages & Drawbacks

New users of IdentityForce receive a 30-day free trial to test out the service, something not offered by LifeLock. In addition, IdentityForce offers medical fraud protection while LifeLock does not. This service also has some helpful features not found with other providers, such as a credit score simulator and anti-keylogging software. Perhaps most importantly, Identity Force includes a $1 million insurance policy with every membership.

A drawback with IdentityForce is the lack of plan options; there is only one basic plan, with an option to upgrade your membership to include a credit score monitoring service. In addition, the basic plan starts at a higher price, $12.95 per month.

LifeLock Advantages & Drawbacks

LifeLock s biggest advantage over IdentityForce is the choice of plans. Three options are available based on the level of protection desired. In addition, LifeLock s basic plan is less expensive; it starts at $9.99 per month. Compared to IdentityForce, LifeLock offers more extensive monitoring and alerts for financial activity.

While LifeLock doesn t offer a free trial, it does offer a 30-day, money-back guarantee for new memberships. LifeLock s lack of an insurance policy can be an issue for some. However, in the event your data is compromised, the company states it will spend up to $1 million on legal fees, application fees and other expenses required to restore a member s identity.

Which Service Is Right for Me?

For those who want more features and the peace of mind that comes with a hefty insurance policy, IdentityForce is the clear choice. However, LifeLock is often rated better in terms of monitoring for and detecting suspicious financial activity. Therefore, LifeLock may be the better choice for someone whose priority is comprehensive coverage.

Cost should also be a consideration when selecting a plan. Overall, LifeLock offers the most affordable basic plan as well as more plan options. However, the 30-day free trial with IdentityForce allows users to try it out risk-free.

Protecting your assets and your identity is critical. Use this guide to find the identity theft protection service that suits you best.

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