Divorce Insurance

I heard about this from Clark Howard on his CNN show this morning. So I googled it and found a Time Magazine article titled Divorce Insurance: Get Unhitched, Get a Payout.
Here is a clip from it:
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.
I have to admit that this just depresses me. The idea that a person would bet against their marriage seems to simply undermine the premise of 'til death do us part'. Yet I think that people these days often go into marriage with the idea that marriage is not a forever commitment. Such thinking may be realistic but I think that it can be a self fulfilling negative proposition. Add Wedlock insurance and it becomes a lethal ideological mix.

What do you think about Divorce Insurance? Does it undermine a marriage foundation?


  1. It seems that many go into marriage with the idea that if it doesn't go "right" they can just get out of it. I think divorce insurance just makes that idea stronger.

  2. We've been married 45 years, but so many young people won't make near that. I also think the insurance will probably guarantee more divorces. I always feel so sorry for the kids!

  3. One of the worst ideas I've ever heard. I don't even get the point except to make money for the guy who came up with it.

  4. No thank you... "I'll stick with till death due us part." After 49 years we're pretty good at it!

  5. Ranks right up there with the idea of a pre-nup and separate bank accounts.


  6. After going through a divorce pre-nup and seperate accounts look good


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