Site not look beautiful? Click here

As We See It

Divorce insurance: because you know it’s going to happen

Image

Divorce is a fact of life, nowhere more so than Nevada, with its 14.2 percent divorce rate. So why not hedge your bets? Last month, North Carolina-based SafeGuard Guaranty Corp. began offering “divorce insurance” to cover the costs of a divorce or starting over post-marriage. Premiums can range anywhere from $15.99 to well over $1,000 per month. Sure, it won’t put a positive spin on your marriage, but neither will a prenup, right? Chief executive officer John A. Logan says he’s only sold a handful of plans so far and none in Nevada—yet. Oh, and in case you’re considering gaming the system by getting married and then divorcing to cash in, remember this: Each policy must mature 48 months to pay out. “Go ahead and try, because we’ve already made our money by then,” Logan says.

Share
Photo of Ken Miller

Ken Miller is Las Vegas Weekly's associate editor, having previously served as assistant features editor at the Las Vegas Sun ...

Get more Ken Miller

Commenting Policy

Previous Discussion:

  • The choreographer extraordinaire talks working on Steve Wynn's ShowStoppers, researching for Showgirls and teaching Tom Cruise to spank some air booty in Tropic Thunder.

  • This is one party Nevada doesn’t want to see end.

  • The fallacy of the failed “family-friendly” era is as absurd as it is infuriating.

  • Get More As We See It Stories
Top of Story