Should You Say 'I Do!' to Divorce Insurance?

Lisa Lacy

Divorce is no laughing matter, but I always chuckle a little when I see the Subway ad for 1-800-DIVORCE that has a man in a tux and a woman in a gown running in opposite directions on a beach. The tagline is something along the lines of, "When you want to go your own way ..." (Cue Fleetwood Mac?)

I was "sort of" engaged myself several years ago, but have since not come close to the aisle again for a number of reasons. And, like many wide-eyed blushing future brides, I've spent plenty of time thinking about what my wedding day will be like (although, to my disappointment, helping a bride pick out a dress last summer was not as much fun as I thought it would be ...). In all this daydreaming, I've never thought, "Hey -- how will I pay for the divorce?"

And that is precisely what's so astounding to me about recent post in The Huffington Post about divorce insurance.

Yes -- that's right -- divorce insurance. There's an insurance company in North Carolina called SafeGuard Guaranty Corp. that will provide $1,250 in divorce expenses for each $15.99-a-month unit of initial insurance protection you have.

They even provide a Divorce Cost Calculator and a Divorce Probability Calculator (that only has a 13 percent margin of error!) to help you decide whether you should take the leap.

As a child of divorced parents, I'm well-aware that marriages don't always work out. Perhaps that's why I've waited so long to tie the knot myself. (I also love the movie Bridget Jones and sort of know it by heart -- there's a dinner party scene in which all the married couples ask her why she's still single and she makes a joke about her body being covered in scales and then asks how many marriages end in divorce now and Mr. Darcy, without missing a beat, says, "One in three.")

And even though prenups are always stereotypically insulting to receive, I can see the allure of wanting to protect what's yours before promising to love, honor, and cherish What's-His-Name forever.

And, heck, I may eat these words when I'm meeting with my divorce lawyer years from now, but divorce insurance seems so much worse than a prenup, doesn't it? Like, how would you even broach that topic with your intended? ("Honey, you know how much I like to plan for these just-in-case scenarios, right? Well ...")

In a way, it feels like it's just an insurance company trying to make a quick buck. Then again, I do like to plan ahead, so I guess I can't fault anyone for wanting to prepare themselves, just in case.

Would you buy divorce insurance?

Image via @boetter/Flickr

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