Illinois based Prime Insurance Company and North Carolina marketer Divorceinsurance.com partner to be the first in the world to offer actual divorce insurance.

02/11/2010

Kernersville, NC – Web developers from Divorceinsurance.com and Prime Insurance Company, through its in-house broker, Evolution Insurance Brokers, LC are preparing to join forces to be the first in the world to offer real divorce insurance, underwritten by Prime Insurance Company.

“This insurance product has been a long time coming. Every year more than 1.2 million people are faced with divorce in the US alone and the financial effects of divorce can be devastating.” Said John Logan, CEO of SafeGuard Guaranty Corporation, parent company of soon to be launched Divorceinsurance.com.

“International Marriage Week, culminating with Valentine’s Day, puts a lot of focus on the hugely positive impact that marriage has on our society. Unfortunately too many people go into marriage with an imagined sense of security that really doesn’t exist. Statistics indicate that divorce can happen to anyone, so we’re providing an affordable financial safety net that goes far beyond pre-nuptial agreements.”

Divorce Insurance coverage will compensate people who are unfortunate enough to fall into the statistic of the 50% or so marriages that eventually fail every year. Today, the odds that your marriage may end in divorce are very real, regardless of your socio-economic status.

“Times have changed.” said Logan. “Divorce rates here in the US haven’t changed much in 30 years, but the financial situation of the typical family has changed, and not for the better. Add the average cost of $15,000 to $30,000 in legal fees for divorce here in the US - well over $100,000 if there’s a protracted fight over kids or money, and that’s a recipe for financial disaster. Most people overlook that. And it’s worse elsewhere.”

“We know there’s a market for this product.” Said Rick Lindsey, CEO of Prime Insurance. “Prime prides itself on offering insurance solutions that fill the gaps in traditional insurance.  This product offers a simple, affordable solution to a complex problem facing a huge number of people.”

About DivorceInsurance.com

www.divorceinsurance.com is a wholly owned subsidiary of SafeGuard Guaranty Corporation (www.safeguardguaranty.com) a North Carolina operationally based holding company. For more information please call 704-817-0927. John Logan can be reached at john.logan@safeguardguaranty.com.

About Prime Insurance Company

Prime Insurance Company (www.primeis.com) is an Illinois surplus lines insurance company. Prime provides a stable market for hard-to-place risks including commercial property, inland marine, healthcare services, commercial liability, garage services, professional liability, and many more.

About Evolution Insurance Brokers, LC

Evolution Insurance Brokers, LC (www.eibdirect.com) is Prime Insurance Company’s full-service brokerage specializing in excess and surplus lines insurance nationwide.