Why Identity Theft Insurance Is Important

Why Identity Theft Insurance Is Important

Identity theft happens when someone gains unauthorized access to your personal information, for example, your name, Social Security Number (SSN), or bank account information – and uses this information to commit fraud or other crimes.

Someone who steals your identity could apply for a credit card under your name before racking up charges or even poach your tax refund. 

In some cases, identity thieves can assume an unsuspecting person’s identity entirely – from obtaining identification documents to bearing their name and frequently committing crimes as that person. 

Those are terrifying possibilities, to say the least. It’s clear that having identity theft protection can prevent these situations from happening. 

With NPEA, you don’t have to overspend to ensure your identity is YOURS. 

For $72 a year, or $6 a month, NPEA provides identity theft insurance with:

  • credit monitoring, 
  • dark web monitoring, 
  • FICO and Credit score alerts, 
  • 24/7 US-based customer care, 
  • and up to $500,000 in reimbursement of stolen funds. 


For the same or equivalent plan provided by LifeLock, you’ll pay $35 for these features.

Get Identity Protection Insurance for $30 CHEAPER than LifeLock with NPEA!

How Common Is Identity Theft?

In 2020, The Federal Trade Commission received over 4.7 million reports of identity theft and fraud:

  • Fraud: 2.2 Million (46% of reports)
  • Identity theft: 1.4 Million (29%)
  • Other scams: 1.2 Million (25%)

This proves that in 2020, more people filed identity theft reports than any other type of ID fraud.

Snapshot of Identity Theft in 2020:

Source: FTC.gov

The FTC received 4.7 Million reports in 2020 for:
  • Identity Theft
  • Imposter Scams
  • Online Shopping and Negative Review Scams

$3.3 Billion total fraud losses, and $311 median loss. 

Younger people reported losing money to fraud more often than older people:
  • 44% of people aged 20-29
  • 20% of people aged 70-79
But people aged 70+ had a much higher median loss:
  • $324 median loss for people aged 20-29
  • $635 median loss for people aged 70-79
  • $1,300 median loss for people aged 80+
About 1 in 5 people lost money due to Imposter Scams in 2020:
  • 1.2 Million reported lost money
  • $850 median loss amount


How Does NPEA’s Identity Theft Protection Compare With Its Competitors? 

NPEA offers one of the most comprehensive products on the market. Competitors like LifeLock and Experian are not as affordable. 

Only NPEA can provide you with a 3-bureau credit monitoring, as well as your Credit Scores. 

In addition, you will pay less for NPEA’s Watchdog ID premium product than with LifeLock’s premium offering. 

For a complete side-by-side comparison of NPEA vs. Experian vs. LifeLock, see our breakdown here.

Should Teachers Get Identity Theft Insurance?

Identity theft protection insurance makes it easier to instantly lock and unlock your credit so you can apply for new credit when you need to. In addition to monitoring your credit reports, you’ll receive alerts when suspicious activity occurs.

If you know your personal information was a part of a data breach, or you’ve already been a victim of identity theft, it may be worth it to pay for an ID theft service that offers more comprehensive protection. 

It’s also challenging to stay alert at all times – identity theft protection insurance does that for you. 

Finally, identity theft insurance covers your stolen funds and can be a lifeline if your identity and money fall into the wrong hands.

Sign up for NPEA today, or request more information below.

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