Wow! It’s Wednesday! I Thee Do Insure
Image Credit: Roberto Rizzato
I’ve been meaning to talk about this professor who is trying to sell marriage insurance for a while now. When I first heard about the future possibility of buying insurance in case of divorce, I thought, “God, how unromantic.”
But then upon further thought, I was like, “Wait a minute, maybe this isn’t such a bad thing.” They say that people often go into bankruptcy because of the three D’s: Death, Disaster (this includes medical disasters like cancer), and Divorce.
Well people have life insurance that covers death, people have home insurance that covers natural disasters, and right now we’re having a national discussion about getting everyone on health insurance to avoid future medical disasters. But how many people are protected in case of a divorce? This is an especially big oversight when you consider that most Americans are probably much more likely to get divorced (the 2008 divorce rate was at 40% according to Wikipedia) than experience a Disaster or early Death of a spouse.
Still, I can’t see divorce insurance catching on, just because most people have to ignore statistics and probabilities in order to get down the marriage aisle. Buying such a policy would make it harder to turn a blind eye to the fact that your marriage has a 40% chance of failing. Then again, if people could insure themselves against divorce maybe even more people would get married. Also, I bet a lot of people who have been divorced once would like to have this available for their second go-round.
What do you think? Let us know in the comments. And read more about this future divorce insurance biz here.
The fact is that according to the US Census, people who marry today only stand a 33% chance of ever seeing their 25th anniversary (here's nice graph of those stats and more http://dateherforever.com/2009/09/08/the-ugly-tru… There are a lot of reasons but the fact is that the divurce rate is likely to climb if we do nothing. Come see about a company that's trying to change those trends. http://www.safeguardguaranty.com, and help make people with successful marriages wealthier in the process,.
The fact is that according to the US Census, people who marry today only stand a 33% chance of ever seeing their 25th anniversary (here's nice graph of those stats and more http://dateherforever.com/2009/09/08/the-ugly-tru… There are a lot of reasons but the fact is that the divurce rate is likely to climb if we do nothing. Come see about a company that's trying to change those trends. http://www.safeguardguaranty.com, and help make people with successful marriages wealthier in the process,.