When you get married, you remove the possibility of divorce completely from your mind. You are sure that you met your soulmate and that you will be forever together. However, things don’t always go as planned, unfortunately.
A divorce is a painful, long and expensive process for all parties involved, and in those moments the thing you need the most is someone to take care of it for you. While an insurance company can not diminish the emotional impact of a divorce, it can remove the financial one.
What is marriage insurance?
More often than not, a divorce leaves at least one of the parties without any money left. This is because the laws are easily interpreted in different ways. A marriage insurance will offer a financial compensation to the insured if their marriage end in divorce.
Are there any rules that you should know about?
Of course! Companies do not offer any kind of compensation if the divorce is caused by the person who will receive the compensation. This rule is made to ensure that the process is transparent, and that no one will try to take advantage of the process by divorcing only for money.
How much money will the insured get in case of a divorce?
This depends entirely on how much money he paid for the insurance company and, of course, how much money he is entitled to after the divorce. In general, the amount of money is enough to help the insured maintain a good financial situation even if they had to divide their assets with their partner.
Now, is it disrespectful to your partner to consider a marriage insurance? Of course not! As a matter of fact, you should advise your partner to do the same thing!
People, feelings and situations change, and if you love each other you want to make sure that you will always be happy, no matter if you are together or not. A marriage insurance will take care of this!