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The Law Office of Jennifer Marshall, Esq

Divorce Insurance?

I thought I had seen it all when it came to divorce, but I was not prepared for what I found on the internet.  Can you believe you can buy divorce insurance.  A company is selling Wedlock Divorce Insurance.  If it sounds made up you can check out the website.

Well, how do I know if I need divorce insurance?  Get your free quote today.  The site offers a Divorce Probability Calculator and a Divorce Cost Calculator.  Picking insurance is as easy as picking car insurance.  But what does the insurance cover?

Divorce Insurance is a form of casualty insurance. In this case, the ‘casualty’ being your potential of unrecoverable financial loss as a result of a divorce proceeding.  The site goes on to advise how to buy the insurance. “Divorce Insurance is sold in units of initial insurance protection. Each ‘unit’ is equal to $1,250 in cash of initial coverage. And by “initial coverage” we mean that is the lowest amount of cash benefit you would receive if you file a claim.  So, for example, if you chose 10 units, your initial coverage would be $12,500 ($1,250 x 10 = $12,500) or if you chose 80 units, your initial coverage would be $100,000 ($1,250 x 80 = $100,000).”  Each unit of WedLock Divorce Insurance premium is sold for $15.99 per month. That’s less than 53 cents a day per unit.

It appears this insurance is designed to protect your assets, by covering monetarily, a portion of assets you may lose during divorce.  Of course if you do not get divorced then you do not lose anything.  No one can predict whether they will be divorced in the future, but it looks as though at least one entrepreneur sees divorce is a trend.  If you are considering divorce insurance please read all that is involved.  You do not need the consent of your spouse and there is no legal process or attorneys needed to purchase the insurance.

As an attorney I am for anything that can help my clients stay on their feet after divorce.  Far too many people are left with very little by the court system after a long divorce.  If you or anyone you know has had experience with divorce insurance feel free to comment below or call our office.