Divorce Insurance..

[Bible_Belt]

You're paying $38,400 per year for a policy that pays out $250,000? Means that if your marriage lasts 7 years or more you've made a bad decision.

I did the same math as you and also read elsewhere other comments that the divorce insurance is quite expensive from a statistical standpoint. The company also sidesteps all state regulation by selling something that lawmakers have not yet decided to regulate. Typical rules for insurance companies, which they avoid, involve asset holding requirements, which make it harder for the company to suddenly declare bankruptcy and stop paying claims.

A long time ago, I sold, or at least tried to sell, life insurance. One of the rules of life insurance was that the specific-payout stuff like cancer policies was sold to suckers to make money for agents. The more specific an insurance is, the less value it has.

How can someone that loves someone so much that they'd get married do that to the same person they got married too?

Because people change.

And regarding the prenup, I don't see it as hostile, especially in this case where both sides are coming into the marriage with assets. The prenup protects her trust fund money just as much as it protects backbreaker. Most people have no money at all, especially when young and just getting married, so a prenup is pointless. But without a fair prenup anything you take into a marriage is going to become joint marital property.

 

[squirrels]

Thoughts?

http://marketplace.publicradio.org/...otect-yourself-from-a-divorce-with-insurance/

Or you could put yourself in a position where you're very unlikely to get divorced...i.e. either don't marry or marry the right girl.

But then that would take conscious thought and work. Two things most people today lack the capacity for.

 

[backbreaker]

That's a good rule of thumb... if you hvaen't done enough in life, to where you need a pre nup before you are married, then you don't need to get married, you still have work to do.

not saying you have to be rich, but own your own house, have a little money stashed a way, some stock, something.

 

[JT7890]

What about the earnings you generate DURING the marriage? Are you saying that you don't want to start ANY new business ventures during the marriage?

I guess I'm not that knowledgable on the pre-nup agreements and laws, but I've read numerous news articles on how pren-nups have been trumped by savvy attorneys.

It's just a question I have that if you need all of these things (attorneys, insurance, prenups), isn't that saying that marriage is way to risky of a venture to get into? If you have to deal with all of that RISK (similar to a business deal) where the hell is the return?

What's the return on a marriage for a man? Can somebody please tell me?

 

[backbreaker]

What about the earnings you generate DURING the marriage? Are you saying that you don't want to start ANY new business ventures during the marriage?

I guess I'm not that knowledgable on the pre-nup agreements and laws, but I've read numerous news articles on how pren-nups have been trumped by savvy attorneys.

It's just a question I have that if you need all of these things (attorneys, insurance, prenups), isn't that saying that marriage is way to risky of a venture to get into? If you have to deal with all of that RISK (similar to a business deal) where the hell is the return?

What's the return on a marriage for a man? Can somebody please tell me?

man don't listen to people people are stupid.

i got into an arguement yesterday with a guy who tired to explain to me that Mark Z at facebook actually was making 1 billion dollars a year, in actual cash. and believed the ****. him. not the company, him.

that **** gets played by the media like it'sg oing out of style.

A woman is not entitled to **** you made or had, before the relationship, unless some serious ****ed up **** went down I would suppose.

damnit, and this brings me to a point that NO one ever talks about, why it's so important to not get married before you are 30


let's say you are 23, yo9u marry that hot girl right out of college. let's say you join a company and get promoted and promoted and soon you are have a very nice nest egg, you own a home, you are making bank.. she is entitled to half that ****, for the simple fact, that she was ****ing you.


but let's say you hold off, you wait until you are 33 years old, you do all that same ****, by the time you got married, you were well established, YOU owned your house, YOU owned the car.. and 3 years later she falls out of love, the only thing she is entitled to is anything you got from the age of 33-36. all the **** you worked hard for, is still yours. I mean,l you aren't walking out Scott free, but your whole life isn't' ruined either. Do you see the freaking incentive it is for a woman jto get her hooks into an intelligent 23-25 year old? it's like a 10 year 1000% interest rate CD lol.. yeah i will just **** him for 10 years and then leave and get half


I don't understand why guys don't get this ****. As Ben Frank said, marry your men when you want, marry your women when you can.

Divorce in itself is not devastating. Divorce when you have accumulated everything while you were with her, is like a mortal kombat finishing move.

 

[Zarky]

the only thing she is entitled to is anything you got from the age of 33-36. all the **** you worked hard for, is still yours.

I agree with most of your post, however the laws in your area may differ. I know in California that, yes, the stuff you've obtained before marriage is not split 50/50 on divorce UNLESS you have "commingled" that money with hers.

For example, if you have a ton of money before the marriage, you better keep that money separately in an account with only your name on it and don't put money that you earned during the marriage in that same account or a court will likely find that your separate property and the 'community' property have been commingled and are now entirely community property, of which she gets half.

If you're looking to get married and have bucks or think you may make bucks in the future, you should spend a few $thousand and get some legal advice well before the wedding.

 

[Traveller2011]

double post

 

[Traveller2011]

California has "community property" therefore you are more screwed there than some other places. But yes, its state by state. Consult with an attorney in the state you are going to live in BEFORE you enter into any contract, especially marriage.

 

[backbreaker]

i have lawyer phobia lol,l i don't particularly care for lawyers so i have been putting it off, but defiantly on my to do list in the next 2 months.

 

[Bible_Belt]

i don't particularly care for lawyers

Me either. The fun part is that in your case you'll need not just one lawyer, but two. (Can you tell that lawyers made up this system?) Because your wife would be waiving her right to alimony, California requires her to obtain her own independent legal counsel.

http://en.wikipedia.org/wiki/Prenuptial_agreement

http://www.docstoc.com/docs/3053898/California-Prenuptial-Agreement
(good reading if you get past the annoying ads)

 

[JustLurk]

Lol, I read this whole thread and am now of the opinion that you must really be off your rocker to marry in the first place. All this complex lawyer upon lawyer s***.

 

[JT7890]

backbreaker

let's say you are 23, yo9u marry that hot girl right out of college. let's say you join a company and get promoted and promoted and soon you are have a very nice nest egg, you own a home, you are making bank.. she is entitled to half that ****, for the simple fact, that she was ****ing you.


but let's say you hold off, you wait until you are 33 years old, you do all that same ****, by the time you got married, you were well established, YOU owned your house, YOU owned the car.. and 3 years later she falls out of love, the only thing she is entitled to is anything you got from the age of 33-36. all the **** you worked hard for, is still yours. I mean,l you aren't walking out Scott free, but your whole life isn't' ruined either.

I get this, but when you run a business, unless you STOP investing and growing the business, you will earn profits and have growth before and DURING your marriage that this chick had NOTHING to do with.

And as far as fvcking you, well lol, talk to alot of married guys they will tell you that she doesn't even fvcking do THAT after 6 months or so when the "honeymoon period" is over.

Backbreaker, this is a bad business deal. Tell me this isn't?

1.) You have to become damn near an expert in the law pertaining to marriage as fast as possible. Like you do in business.

2.) You have to hire expensive attorneys AND CPAs to teach you the law and help you establish financial vehicles to protect yourself if things go sour. Like you do in business.

3.) You have numerous contracts and agreements that you have to have the finest print spelled out specifically or it could mean doomsday if you don't, LIKE you do in business.

4.) You have risk of it going south OVER NIGHT, LIKE you do in business. If you don't think your woman can't lose "interest" in you for no fault of your own just her girly reasons, you are out of your mind lol.

5.) You have to SPLIT profits with someone (LIKE you do in business but the funny part about this situation, is your partner didn't have to invest shyt, know shyt, or do ANYTHING related to the business).

6.) It's like taking out a business loan that you personally signed on for. Because IF the marriage goes south, they are coming after damn near EVERYTHING YOU GOT, just like in business.

The risks are just too damn high and there are literally, no returns, just some "temp good feeling" that you will have during the "honeymoon" period.

Every benefit a man gets from a woman can be received OUT of wedlock. Kids, pvssy, her love, attention, support, all of that! Only the woman stands to gain for the most part if I get married.

 

[backbreaker]

I am not anti marriage or pro marriage, truth be told yes it is a raw deal, but damnit i'm in love lol and i've made my decision and i'm happy with it.

i know that she can't take me to the preverbal cleaners to where i am broke under the worst of circumstances. she might get more than she deserves but won't break me, and i have a son that i do want to grow up in the best possible situation

while marriage can be a raw deal, it can be a wonderful thing with the right person.

And even with that said, you missed the entire point of my post lol.

If I am 33 years old, and in 3 years, my 5 million dollar company becomes a 15 million dollar company and she gets to split that down the middle with me (Which, won't happen, she'd get hers, but she isn't getting half of a company if your lawyer is worth a ****).. you know, i might not like it, but i'm still sitting prety in life.

But if I am 26, and I am renting a house,, we have 2 kids, and she is working part time, i am working full time making 40k a year, we have 5k in savings, and some misc **** we collected over the years that equals 10k.. and she gets all of that, plus, i have to probably let her keep renting the house, try to pay that to keep a roof over m kids head, and get my own damn place, plus split all this **** with her.. as chris rock says..someone gotta go lol.

That second senerio is what ruins people.

There is nothing wrong with marriage. What is wrong, is people who rush into marriage either because they are ***** whipped or because they don't have anything worth while. That is what kills people. Marriage can be a wonderful thing.


And truth be told, she would deserve a cut of the business. just because she doesn't work there, doesn't mean she doesn't help me out, doesn't mean she didn't take care of our son while i was working, doesn't mean she didn't help me learn ot manage my time better, doesn't mean she doesn't proof read all my work before it goes out lol (she can't stand the way i type), or drag my ass out of bed in the morning when she knows i have alot of work to do, etc. I'm not saying she deserves half, but putting my cards on the table i'm not saying I wouldn't' be successful without her, but she has helped me become successful (with this business I have now) and if broke, deserves a cut. . So I really don't have any qualms with this anyway.

 

[Julius_Seizeher]

Divorce insurance would be necessarily expensive, given the divorce statistics.

Property & Casualty insurance is underwritten based on a wide array of factors- age, sex, valuation, risk exposure, etc.

Life insurance, LTC, and health are vastly more complicated to underwrite, that's why those policies take forever to get placed.

I have the best divorce insurance money can't buy-I would have to be dragged kicking and screaming by a real dish.