enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Thursday, September 23, 2010

Posted 9/23/2010 09:18:00 PM by Douglas

Staying married is hard enough, but imagine how hard it would be if you had to keep up your divorce insurance every month?

WedLock, as it's coyly named, is a new type of casualty insurance that gives the unhappily married policyholder a payout after he or she is unhitched. It costs about $16 a month for every $1,250 of coverage. But to discourage people from signing up just prior to their divorce, policyholders must ante up for four years before the policy will pay out. It adds a premium of $250 per unit for every year the marriage survives beyond four. So if a policyholder who bought 10 units got divorced after 10 years, he or she would have handed over $19,188 and would receive a payout of $27,500.

Wow, what an abhorrent concept. And a crappy investment. That $160 a month would buy a lot of arsenic for his/her coffee.

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