Approximately 75% of personal net worth in America belongs to those over the age of fifty. It’s probably safe to assume that those of us over that age make the best and most lucrative targets for identity thieves. The famous bank robber Willie Sutton said the reason he robbed banks was because “that’s where the money is”. Identity thieves target older Americans for exactly the same reason.
If you have net worth, a little or a lot, these protection programs can really come in handy. As we grow older, we often become more set in our ways. We tend to be less risk tolerant, especially in areas related to finances. This is not bad; most financial advisors recommend this strategy.
Protecting your identity is another way of reducing risk, and increasing peace of mind. Going through a case of identity theft, and the related recovery process is even more difficult as we get older. It’s a major pain regardless of age, but doubly so for seniors. The mother of one of our colleagues experienced an identity theft at the age of 75. She had a hard time absorbing how this could happen and an even more difficult challenge getting it all straightened out.
Debix and LifeLock do not currently offer senior discounts. However, using the links on IdentityTheftLabs.com you will save 10% on either plan. TrustedID has a family plan that includes all residents of a household including grandparents.