Family Law Blog
Colorado Attorneys - Kaplan Law, LLC
Divorce Insurance Policies Payout Couples Who Call it Quits
By Denver Divorce Lawyer on October 7, 2010
We often seek out insurance policies to safeguard our well being in the event of a disaster. Homeowners insurance can help ensure that we have the funding necessary to repair our house should a disaster strike unexpectedly. Life insurance can help ensure that are loved ones are properly taken care of financially in the event of an untimely passing. And now, according to a Columbus Dispatch online article, one insurance company is even offering insurance to couples who decide that divorce is the best option for their happiness.
Reportedly, Safeguard Guaranty Corp. is now offering insurance policies for as little as $15.99 per month per unit of $1,250 in coverage. However, the more important question raised is what this insurance policy represents. Granted, statistics do show that nearly half of all marriages these days end in divorce, but buying a policy in anticipation of a divorce could be construed as setting the marriage up for failure from the start. While pre-nuptial agreements could be viewed in the same vein as these insurance policies, it is important to remember that pre-nuptial agreements are mutually agreed upon contracts that protect individuals in the event of a divorce, and provide no payout should the marriage end. Pre-nuptial agreements therefore do not provide financial incentive for divorce, while an insurance policy taken out to supposedly safeguard against divorce could potentially be interpreted as providing such incentive, or could even be viewed as a means to make a little bit of extra cash if two people were willing to simply pay the premium and remain married for at least four years.
Regardless of the circumstances of your divorce, you may want to retain the assistance of an experienced Colorado divorce attorney. At Kaplan Law, LLC, our skilled Denver divorce attorneys are prepared to represent you in your divorce case, always keeping your best interests in mind. If you are thinking of filing for divorce in Colorado, don’t hesitate to contact the attorneys at Kaplan Law today for more information. Please call 1-877-527-5260.
