DIVORCE INSURANCE OR DIVORCE PREVENTION

Earlier this week, I heard about a new type of insurance being offered " out there " called divorce insurance. Created by a man who suffered a severe financial downturn as a result of a " nasty " divorce, divorce insurance attempts to protect the insured from the often financial
" tsunami " that divorce in the tri-state area, in 2010, has become...

The details regarding divorce insurance will be addressed in a future post, for now though, I'd like to focus on what the concept of divorce insurance symbolizes. Insurance coverage commonly is about protecting oneself from the potential calamities of life, death, injury, loss of job, etc. that may befall us. These calamities threaten our ability to maintain the quality of life we've become accustomed to, as well as, potentially threatening the possessions we've accumulated and become attached to in our lives. No one seems to question the validity of why the aforementioned occurrences are catastrophic. Now, with the advent of divorce insurance, there seems to be a long overdue acknowledgement that divorce can be a catastrophic. Which seems to be borne out by the statistics: Over 40% of people going through divorce eventually end up declaring bankruptcy, and men end up losing an average of 77% of their net worth in their divorces. The toll is not just financial. There is a higher incidence of anxiety and depression in people going through divorce. What are the factors that influence the severity of the negative impact that divorce can have on those involved? Not surprisingly they are : The level of antagonism between the couple, the court system, and the lawyers involved...

No insurance policy can protect us from the devastating effects of divorce. That is why the best insurance is to focus on preventing divorce in the first place, by improving the quality and level of satisfaction in the relationship.... To be continued...