Have you ever wondered what might happen if you were to somehow become unable, be it sick or dying, to login to your many internet accounts such as banking or even your Facebook page?
It’s sort of a morbid thought to think of, but what would happen to your “social profile” if you were to become unable to communicate or worse, died? Many of these types of websites have no or very little ways to allow the immediate family or beneficiaries the ability to “re-claim” these profiles on behalf of the person who created them.
Now there’s a new web app on the block that aims to fix this hole in social networking. Legacy Locker aims to protect your online assets the same way you would with your physical ones like your savings account, retirement account, etc. Having a will, estate or even a trust protects all of your things including your house, accounts, and all other assets. Legacy Locker comes in to protect all of your “internet assets” the same way.
Think about it for a moment, do you have accounts like email, eBay, Amazon, Paypal, Twitter, Facebook, MySpace, iTunes, etc? Normally, all of these would be lost upon your passing, but Legacy Locker takes them, protects them for you and ultimately puts them in the hands of those you’ll list as your beneficiary.
If we were to think about how much time and effort we put into our online profiles and identities these days, it makes sense to protect that and have them safeguarded in the event that something was to happen to you.
Ease your Mind
Using this service obviously isn’t the only method to save and store your online information. You could write everything down on a piece of paper and secure it in your desk drawer at home/work or even write it to a file on your computer. You could also just always use the same login/password for every site you’re a part of. These scenarios often happen, but we know that these are not good ideas to protect your identity.
This service is easy, safe and convenient when it comes to storing, tracking, and updating your account information and they promise to only provide the data to the right people at the right time. Of course you can easily update, change, or modify not only your accounts but the beneficiaries at your whim. You can also have Legacy Locker send you reminders to update old passwords, or to add new assets occasionally.
Ease of Use
This app is simple to setup; they boast that setup takes less than 60 seconds! As soon as you’re logged in, you can begin inserting your “assets”.
For each account, you can assign a beneficiary to that account who will have access when the time is right. Plus, since this is a web app, all data can be added/edited from anywhere in the world. Think about it as life insurance for your online identities.
Legacy Locker is easy to use and understand. First things first, you must create an account and fill out your profile with your basic information. Then you start the simple step-by-step process.
Security questions here are just the same as in any other online web application. Just things that you have knowledge of and those close to you do as well. Here are some of the available security questions:
Then you should enter what they call “verifiers” or the people whom you have complete confidence in to handle this information in the unfortunate event of your passing. For most of us, its our spouse or other family member that quite frankly you think might just outlive you.
Legacy Locker likes two verifiers, but will allow you to continue using only one. After you enter these verifiers, Legacy Locker will email them to verify once again that you are who you say you are and they are indeed your “verifiers.”
Thirdly, you need to identify all your online assets, entering the Website, username, and password for each of them. On each one you enter, you’ll assign one beneficiary to whom will have this sensitive information.
Think of your Legacy Locker as being similar to a safety deposit box – it’s a secure place to store important assets – only online.
Upon your Demise
Mortality isn’t fun to talk about, but its real for all of us and to truly give this app justice, you have to mention what happens next (with Legacy Locker, not death).
Basically, its very straightforward. When a Legacy Locker customer passes away, one of their verifiers must report the death. Then the service uses something called “human oversight with secure technology” to ensure the user’s assets are passed off correctly and to the right people. Emails are then sent to the beneficiaries with secure links to the site that contains the secure assets.
It wouldn’t be on MakeUseOf if there wasn’t a free option. The free option gives you one beneficiary and three online assets to protect. This is free for life. If you need more, they have a very reasonable price for two more tiers of pricing. $29.99 annually, or the one-time fee of $299.99 and with both of those you have unlimited assets, beneficiaries and legacy letters.
Are there any other services like this out there? Do you use a service like this yourself? Let us know in the comments…
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