You have probably seen additional inserts with your monthly statements or received e-mail offers from your credit card companies. They’re offering insurance if are you unable to pay your bill and ID Theft Protection plans. As the following article points out, these programs are probably not designed to protect you as much as they are to turn a profit for the credit card company. From 2001 to 2010, consumers paid an average of $3.2 billion in premiums per year, while claims paid during that same time totaled only $1.4 billion. That’s a $1.8 billion profit for the creditor and $1.8 billion in additional credit card debt for the consumer.