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‘Car Wreck Marriages’ Get Their Own Insurance Policies

US Company SafeGuard Guaranty Corp has carved out an interesting niche in the world of insurance products; it offers married couples insurance policies that pay out if they divorce. SafeGuard Chairman and CEO, John Logan, said the idea came to him following him having found himself almost destitute following his own divorce ten years ago and that the idea has proven to more popular than you might think with there being “more than a handful” of policy holders and the number of people taking out cover growing on a monthly basis. Logan also noted that policies can be purchased discreetly by an individual’s family or friends should they suspect infidelity or any other sort of damaging behaviour likely to break up a marriage. The policy has been met with criticism, however, with legal professionals stating that couples would be better off contributing to a mutual fund. These policies have recently been made available to UK residents with premiums for one-off policies start at £750.00. Alternatively, customers can pay £10.00 per month throughout the course of their marriage. With significant cuts in Legal Aid due to come into force in the coming months, these policies will no doubt appeal to many couples. But this does not change the fact that these policies only offer value for money if your divorce becomes contested. In the event that your divorce is uncontested, online companies such as Quickie Divorce can assist you in processing your divorce for just a fraction of the costs mentioned above. In fact, we could also assist you in obtaining a clean break order – thereby allowing you to protect your current and future assets – as well as a divorce and still offer superior value. In a nutshell, you should consider your options before purchasing divorce insurance as you could well find yourself paying more than you actually need to. If you’re looking for an unusual wedding gift, on the other hand, look no further.

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