Company Offers Divorce Insurance

News sources are buzzing about a North Carolina based company by the name of SafeGuard Guaranty Corp.  The company claims that it is the world's first divorce insurance offering and was recently interviewed by the New York Times.

The company offers WedLock insurance, which is sold in units of protection.  The coverage is meant to cover the cost of divorce proceedings, including legal fees and setting up a new residence.

The company says that their product retails at $15.99 per unit per month.  Each unit offers $1,250 in coverage and would be payable in a lump sum in the event of divorce.  People can buy as many units as they think they may need.

If people's marriages end, the company aims to give peace of mind by offering insurance.  The New York Times says that it would be better to put the money away in a bank account.  However, John A. Logan, chief executive officer of SafeGuard Guaranty told the news source, "There is nothing to stop your spouse from raiding those investments and taking it all. And then with all the money gone, you're left with all the legal bills."

Going through a difficult divorce?  Get the legal help you need by contacting Claery & Green and discussing your case with a Los Angeles divorce lawyer.