[drmarshallusa]

WedLock Divorce Insurance - Home


Making Divorce Pay.

Ever had that sinking feeling that the person your friend is marrying is perfectly awful? Of course not, because you love everyone. But should it happen, you now can give the perfect wedding present: divorce insurance.

WedLock, as it's coyly named, is a new type of casualty insurance that gives the unhappily married policyholder a payout after he or she is unhitched. It costs about $16 a month for every $1,250 of coverage. But to discourage people from signing up just prior to their divorce, policyholders must ante up for four years before the policy will pay out. It adds a premium of $250 per unit for every year the marriage survives beyond four. So if a policyholder who bought 10 units got divorced after 10 years, he or she would have handed over $19,188 and would receive a payout of $27,500. It's probably not worth getting divorced for, but the lump sum might salve some wounds, whether through lawyers, vacations or subscriptions to the Rhapsody Book Club.

After John Logan watched his wealth follow his marriage down the drain, the Kernersville, N.C., entrepreneur figured there must be a market for those who want to hedge their marital bets. He won't reveal how many policies he's sold since the Aug. 5 launch of WedLockDivorceInsurance.com But he's surprised at how much insurance his customers are buying: some of the premiums are more than $1,000 a month.

[zuhraliyana]

Two thoughts:

1) This is a sad indication of what marriage has become. Up there with pre nup agreements and bridal magazines.

2) I wouldn't put it past people to try this with no romantic interests at all, ie treat this entirely as an economic opportunity. If the numbers quoted above are correct you get the equivilant of about a 13% APY on a 4 year investment. That doesn't include the bare bones cost of marriage ($40-$75 in PA) and divorce (not sure, but I think it's in the $20 range), but those relatively small in comparison.