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Identity theft is no longer if but when. What do you do when it happens to you?
Identity Theft: What is it?
Identity theft is much more than someone using your credit card number, hacking your Paypal account or bank account. Identity Theft is a major area that should be considered when you are addressing your comprehensive risk management plan! Are you only about money? Of course not! Here are just some issues that could cause an identity crisis:
- Social Insurance or Social Security Number (Or your wife or child’s!)
- Health and health insurance records
- Driver’s license
When someone steals your Social Security number, they can work in your name and not pay taxes. They might use your social insurance number when applying for a mortgage in your name. If they get hold of your health insurance numbers, they could potentially cause a change in your health records that could be fatal. I’m sure you never have traffic infractions but what if someone is caught racing using your driver’s license number?
Identity theft is high risk and more likely to happen than many other things we plan for. Is it part of your risk management plan?
Risk Management
We take pains to plan for and mitigate risk in our lives. We plan for the “what ifs”. Here are some examples:
- Life insurance
- Health Insurance
- Car Insurance
- Auto Club memberships
- Home maintenance plans
- #LegalSavingsPlan
- Identity Theft Restoration Plan
We have life insurance to protect our family from sudden loss. We have health insurance to cover hospital bills and, in some cases, prescriptions. We have car insurance and auto club to protect us when we travel. We have maintenance plans to keep the heat and air conditioning operating in our homes. We have a #LegalSavingsPlan to cover keeping our wills and powers of attorney up to date and keep a lawyer in our back pocket for emergencies and every day life events.
Make sure that when you are looking at your risk management plan, you consider Identity Theft. Remember that not all plans are created equal. Sure, the banks may offer something to replace missing funds and some plans will offer websites and links to things you need to do but who is going to do all the restoration work? Can you afford to take weeks off work? Do you think the distraction of worry could affect your performance? Make sure any plan you purchase includes complete restoration to before theft status.
Legal Repercussions
When your identity is stolen, there will be legal issues along the way. You may have the police showing up to arrest you or Canada Revenue Agency or Internal Revenue Service threatening to take your wages. Do you know who to call? I do, I call my law firm. As part of your risk management plan, you may want to consider a #LegalSavingsPlan to help ease some of the pain along the way. Sometimes it’s just nice to know that what seems to be a problem isn’t really a problem or have a lawyer give you answers that empower you and let you sleep better.
>>>Click here to learn about Identity Restoration<<<
What do you do?
What do you do when your identity is stolen? It’s no longer if but when! The solution is very simple. Use your Identity Theft restoration plan and your #LegalSavingsPlan to get back to pre-theft status!
Make it a great day!
Barry
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