It’s a truism that around half of the marriages in the U.S. end in divorce – which is to say, you’re more likely to get divorced than experience a car accident, burglary or home fire. Insurance companies sell coverage for all those catastrophes, and more, so why not divorce?
According to Inc. magazine, entrepreneur John Logan has set out to provide just that – divorce insurance. For a fee of $16 per month, you can buy a "unit" of coverage, which works out to $1,250 of benefits in the event of a split.
You can buy up to $250,000 worth of coverage, or 200 units. Of course, that would cost you $3,200 per month, so you’d have to be pretty paranoid about your future to spring for that level of spending.
There are a few catches, of course – for one thing, you have to make it at least four years. That’s an obvious caveat, otherwise it would be too easy to get a Vegas wedding, buy coverage and cash out a few months later.
Logan’s company, WedLock, even provides the rather grimly named Divorce Probability Calculator, which says it can predict the likelihood that you’ll get a divorce to within around 15 percent.