Our own Little Miss Sunshine, a.k.a. Erin Shine, suggested that we write about divorce insurance. Yes, you heard me right, divorce insurance. It seems there's a company in North Carolina that is selling divorce insurance. Each unit costs $16 per month and provides $1,250 of reimbursement for legal fees. All you have to do is send in your divorce decree to be reimbursed. My first reaction was "Ewwww." Then, I stopped and thought some more. Sure, divorce insurance is unromantic; then again, so is a prenuptial agreement. I just purchased long term care insurance, and my choices were 1,2, 4, 5 years or indefinite coverage. In other words, I'm betting on how long I'm going to live after I need in home nursing care. It sounds morbid to bet that a marriage will end, but is it really any different than purchasing long term care insurance? Probably not. I can't see that divorce insurance would have a big market in first time marriages, but given that most second marriages fail, maybe it's not such a bad idea. I guess other people don't feel the same as I, because their website is down. Interesting concept though - Here in the Trenches.
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