LifeLock handles the administrative filings for
fraud alerts,
free credit reports and removal from junk mail lists. (Consumers can take these actions themselves, without subscribing to LifeLock).
[Federal Trade Commission: To Buy or Not to Buy] They will also handle the reporting involved with stolen
credit cards, and monitor databases for
unauthorized use of personal information. The company's $1,000,000 guarantee covers any expenses or losses incurred as a result of identity theft, including legal fees required to
clear an individual's name and credit history.
[LifeLock: How LifeLock Works]