Did you know that divorce rates in America are right around 50%?! Well, they are. These rates are giving a lot of engaged individuals cold feet. A company by the name of Wedlock think they have a solution to solve the nervousness.
According to Time.com, Wedlock is a company that was formed August 5th that gives you a decent payout if the marriage doesn’t work out.
WedLock Divorce Insurance is defined as being “casualty insurance that provides a lump sum of cash (based on initial claim value units of $1,250 USD per unit purchased, up to $250,000) that is paid if your marriage ends in divorce. In addition, each unit increases in value by $250 annually after the policy’s waiting period ends so that the longer you have your policy, the higher your claim benefit will be – without any increase in annual premium.”
So that people that are already getting a divorce can’t hop on to get a cut, the policy has a four year waiting period for a pay out. However, once the couple’s been paying for the insurance for four years, they pay about $16 a month for every $1,250 of coverage, plus a premium of $250 per unit for every year they were married.
Sounds very similar to a pre-nup, but you are paying money on it.
The question comes up as this, though… If you found out your hubby/wifey or your in-laws got the divorce insurance for you, would you be upset???