Divorce Insurance?

 Posted on November 02, 2012 in Divorce

Most of us are covered in case of death, disability, illness, car accident, fire, but what about for divorce? As we are aware divorce can be a lengthy and expensive process and unfortunately the divorce rate in the United States is high. We stumbled across the following website, which promotes “divorce/ marriage insurance.” It was featured in the Huffington Post in April 2012. Basically, the premise is that this insurance will reimburse you your costs of a divorce, including attorney fees, however the insurance will also eventually reward those who stay married. As stated by the Huffington Post, the insurance is not currently available and the website states the following:

WedLock Divorce Insurance was the first insurance product developed by SafeGuard Guaranty. Introduced in 2010 and originally underwritten by a Utah Surplus Lines insurance company, WedLock is not currently available until a new underwriter is found. However, although providing that kind of protection will certainly keep people from falling below the poverty line, we’d like the biggest reward go to those that have the good fortune to stay married and we are currently involved in the development of a product with that in mind.

The website also features a “divorce probability calculator,” which one can use and have their results emailed to them. The questions include age, income, race, religion, children born before/during marriage, marital status of parents, conflicts, etc. Soon some of us may be making checks out to not only State Farm, but SafeGuard Guaranty.

For more information on Maryland divorce contact an experienced Maryland Divorce attorney.