For decades, Baby Boomers were told that protection plans—whether for cars, appliances, or healthcare—were a smart safeguard against life’s surprises. But what many didn’t realize is that these contracts often hide exclusions and loopholes buried deep in the fine print. As Boomers age into retirement, the true cost of those “protections” is becoming clear: they often protect the provider more than the buyer. Here are six types of protection plans that quietly cost Boomers more than they saved.
