North Carolina entrepreneur looks to offer divorce insuranceCompany is currently pursuing a business method patent on the new insurance offering.
APEX, NC – 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.
“We’re on the tail end of funding, but everything else is ready.†said Logan, “I’m guessing six months or so depending on how fast we can come to terms with a few investors.â€
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. Full Article Here:
Pretty interesting announcement today. Quite frankly it seems a little optimistic because the gentleman seems to be making a lot of specific performance promises when he hasn’t even got his financing in place or his web site working. But hey, I like the concept.
We buy insurance for so many thing these days, some of them catastrophic and some of them downright trivial. Divorce is one of the most catastrophic events a couple can suffer, so if this program helps mitigate some of the heartache and financial pain, more power to it.
Divorce attorneys out of business? Naw I don’t think so, that-was just y sort of “linkbait” headline. Could make life and divorce much simpler, though.
