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?

6 comments:

  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.

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  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!

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  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.

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

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

    Sad.

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

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