TechJournal:
If John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by divorce.
Logan, Chairman & CEO of SafeGuard Guaranty Corporation, a Nevis based insurance company with operational headquarters near Research Triangle Park in North Carolina, announced plans to offer divorce insurance internationally sometime in early 2007.
The coverage will be geared toward rewarding people who have a long and successful marriage, not for people contemplating divorce in the immediate future, but will compensate those unfortunate enough to fall into the statistic of the 50% or so marriages that eventually fail year after year.
‘You can’t buy flood insurance when it’s raining.’ Logan remarks, ‘It’s the same with us. This is precautionary coverage, like disability or cancer insurance. The facts are if you decide to build your house on a flood plain, you may never get flooded, but the odds against you are real. Today, the odds that your marriage may end in divorce are very real too, regardless of your socio-economic status.’ More.
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