Life Lock Employee Benefits Overview Q12009

Loading...

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

0 comments

Post a comment

    Post a comment
    Embed Video
    Edit your comment Cancel

    Favorites, Groups & Events

    Life Lock Employee Benefits Overview Q12009 - Presentation Transcript

    1. LIFELOCK EMPLOYEE BENEFIT PROGRAM Q1 2009
    2. IDENTITY THEFT TODAY: IMPACT ON EMPLOYERS AND EMPLOYEES
      • Fastest growing US crime, 8 th straight year: FTC data
      • ID theft results in significant lost productivity for both employee and employers. 175–300 personal hours spent over 1-2 years to restore a stolen identity
      • Cost to US consumers and business: $50 billion a year
      • 1 in 6 Americans directly affected by identity theft
      • Fastest growing segment: Our children
    3. COMPANY OVERVIEW
      • The Leader in proactive identity theft protection
        • Market share: nearly 1.5 million members today; 12 million by 2013
        • 1 st to offer proactive ID theft protection for adults and children
        • Only ID Theft company to achieve PCI Level 1 and ISO 27001 certification
      • Strong Financials and Business Model
        • Estimated 2008 revenues of $93 million
        • Estimated 2008 EBITDAM of $5 million
        • Predictable, high-margin recurring revenue ( 93% renewal rate )
      • Management Team
        • Strong management team led by Todd Davis
        • 400+ employees based in Tempe, AZ
        • Key investors: Goldman Sachs, Bessemer Venture Partners, Kleiner Perkins Caufield and Byers
    4. LIFELOCK PROACTIVE PROTECTION
      • Before LifeLock, consumer protection options shared one common element:
      • You have already been victimized when these services take place
      $ Loss Recovery Restoration Detection Identity theft occurs Prevention
    5. TOTAL SERVICE GUARANTEE Regardless of the type of identity theft that our members experience, we cover it.
      • Fraud Alerts
        • Minimize risk of new account fraud
      • Junk Mail/Pre Approved offering reduction
        • Reduce the risk of identity theft through stolen mail
      • eRecon
        • Identify fraudulent and criminal sale of personal information
      • TrueAddress
        • Reduce the risk of Identity Theft through the method of change-of-address
      • Child Protection
        • Identity Theft protection for children; the most vulnerable age group for identity theft
      • Comprehensive Remediation
        • With LifeLock available 24 hours a day 7 seven days a week , 365 days a year
      • WalletLock
        • Will replace contents of a lost or stolen wallet
      LIFELOCK MEMBER BENEFITS
    6. LIFELOCK’S $1M TOTAL SERVICE GUARANTEE Our promise is simple, with no small print
      • If our system ever fails and your identity is stolen while you are our client, we will do everything we can to fix the problem.
      • No matter what it takes or how long it takes, we will spend up to $1 million to get the problem resolved , reimburse you for any financial losses you incur, and give you back your good name.
      • The only requirement is that you be a paying LifeLock client when the theft occurs and that your report to us be lawful and genuine.
    7. EMPLOYEE-PAID BENEFIT PRICING
      • LifeLock subsidized discounts extended to all employees and their family members
      • 1-500 employees: lifetime 20% discount
        • Adults: $88 per year
        • Children: $20 per year
      • 501-5,000 employees: lifetime 30% discount
        • Adults: $77 per year
        • Children: $17.50 per year
      • 5,001+ employees: lifetime 40% discount
        • Adults: $66 per year
        • Children: $15 per year
      Important additional to employee benefits package
    8. EMPLOYER PAID BENEFIT PRICING
      • 1-500 employees: 30% discount to employer
        • Adults: $77 per year
        • Children: $20 per year
      • 501-15,000 employees: 40% discount to employer
        • Adults: $66 per year
        • Children: $17.50 per year
      • 15,001+ employees: 50% discount to employer
        • Adults: $55 per year
        • Children: $12.50 per year
      LifeLock invoices employer following enrollment
    9. PROGRAM IMPLEMENTATION Important addition to benefits package
      • Execute benefit program agreement
      • Generate enrollment code to trigger employee discount
      • Select appropriate communication vehicles
          • Online: Intranet and email
          • Offline: HR letter, flyers, publications, benefits fairs
          • LifeLock develops all messaging content at no charge
          • Employer prints letters and/or flyers
      • Optional payroll deduction program
    10. CERTIFIED REFERRING PARTNER PROGRAM Revenues shared for all LifeLock enrollments
      • Use cases include:
        • Employee benefits
        • Co-marketing
        • Breach response services
      • 17% earned over two years on all revenue generated
        • Includes household upsells (60%+)
        • Earn up to 27% for higher enrollment volumes
      • LifeLock-paid orientation at Tempe, AZ headquarters
      • All tools and marketing materials provided by LifeLock
    11. Action Items/Next Steps
    SlideShare Zeitgeist 2009

    + dalvandalvan Nominate

    custom

    195 views, 0 favs, 0 embeds more stats

    LifeLock Employee Benefits Overview

    More info about this document

    © All Rights Reserved

    Go to text version

    • Total Views 195
      • 195 on SlideShare
      • 0 from embeds
    • Comments 0
    • Favorites 0
    • Downloads 6
    Most viewed embeds

    more

    All embeds

    less

    Flagged as inappropriate Flag as inappropriate
    Flag as inappropriate

    Select your reason for flagging this presentation as inappropriate. If needed, use the feedback form to let us know more details.

    Cancel
    File a copyright complaint
    Having problems? Go to our helpdesk?

    Categories

    Tags