At first I thought this might be an innovative idea, but then I read the details. Policy holders have to wait four years before filing a claim. If you take out the minimum amount of coverage, that is $15.99 a month for a policy that will supposedly pay out $1,250 whenever you divorce. First of all, that amount is barely enough to cover legal fees in most cases. In some cases, legal fees could be much more than this. In four years, you would have paid about $768 into the policy. If you get divorced two years later, you would have paid roughly the same amount into the system as you would get out of it. Putting that amount into a savings account or even a mutual fund would allow you to earn interest and be able to spend the money on whatever you want. However, this amount could get tied up in the divorce proceedings.

I can't say that this would be a good deal for everyone. Yes, divorce rates are high, especially in my neck of the woods, but even divorce statistics demonstrate that couples are most likely to divorce within the first four years of marriage, making an insurance program like this pointless. Also, what about same sex couples? Same sex couples often are not able to use the court system for traditional divorces, but still stand to lose just as much through divorce. Will this kind of policy protect them.

A prenuptial agreement costs very little to draft and file and would protect most people from too much loss associated with divorce. If a prenup is in place to begin with, legal fees associated with divorce are minimal since there is very little to fight about. It is often difficult to convince young couples who don't have a lot to start out with to draft prenuptial agreements, but it could be worth it in the long run. In my opinion, the ideal divorce insurance would be taking the time to really get to know someone first, making sure your finances are in order and that there are open lines of communication, and focusing on making relationships work instead of what happens if it all falls apart.

I like this comment that was posted to the original article: "My wife tells me that she already has divorce insurance. It's called a job."

Okay. I am going to answer your question with a question. Whats to prevent scammers from purchasing this insurance and then divorcing? Or even marrying in order to perpetrate this fraud? You mentioned you and your spouse signed a pre-nup. You should change your nickname to "notsodumblonde".

I want to respond to your question to clarify some misinformation that Kelraye posted in her "Answer". First, although the low end of coverage is $1,250, that is not meant to cover all expenses related to a divorce. INITIAL coverage starts at $1,250 but can be as much as $250,000. In addition, after the waiting period is over the initial coverage goes UP every year by $250 per unit purchased. Meaning that there is NEVER a time when the policyholder will have paid in more than they get back.

Regarding savings or investment accounts, we certainly don't advocate that people forego investing or saving for the future by purchasing a WedLock Divorce Insurance policy, but we do point out that any such account is a marital asset that is subject to distribution by a subjective Family Court judge AND there's nothing stopping a vengeful soon-to-be ex from raiding joint accounts and cleaning them out when they leave. WedLock policies have no accrued cash value during the marriage and like Term Life insurance in which (because the benefits are paid ONLY after the divorce is finalized) any benefits paid may not be subject to equitable distribution.

Same sex marriages are covered so long as they have a legal marriage.

And we're great proponents of premarital/prenuptial agreements. However, prenuptials are exactly that...PRE-marriage. What about all those people who have married WITHOUT a prenuptial agreement that, years later, start to see cracks in the foundation of their marriage like infidelity, drug or alcohol abuse or domestic violence, or a host of other reasons that may give them pause to think their marriage may not survive?? For them, WedLock Divorce Insurance may be a great solution to ensure that they don't become part of the 44% of American families that go below the poverty line afte divorce.