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Why People Need Insurance Essay

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People need insurance for various reasons. There are certain insurances that are compulsory but there are others that are not but worth to have. Insurance is when the insured is transferring the risk to the insurance company. It is an agreement between the policyholder and the insurance company to guarantee a compensation for a loss, damage, death etc. In return to this payment, the insured must pay a premium. Insurances allow the individuals to protect themselves from something that can happen and that can result in a significant loss. Everyone that wants to protect themselves or something valuable must consider insurance. The ever-growing insurance industry around the world covers many aspects of one’s life and possessions, many of which are also being offered in Malta. A numerous variety of items …show more content…

The existing foreign divorce insurance system involves in the purchasing of units for small amounts of not more than $20 per month and each unit is equal to roughly $1,250 as the minimum amount you may receive in cash when filing a claim. The number of units you buy depends mainly on the financial situation of the …show more content…

This would also avoid prenuptial agreement discussions while allowing for protection all the same. Another attractive benefit is that one may purchase divorce insurance for someone else, for example the parents on behalf of their child. During the divorce proceeding, the court may attack the validity of prenuptial agreements, while divorce insurance is less likely to fail in protecting the individual and since there is no cash accumulation it is not subject to distribution as part of the

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A divorce was only allowed if a spouse was committing or showing habits of adultery, habitual drunkenness, mental illness, laziness, and cruelty. Only one out of fourteen reasons had to be proven in court for a divorce to occur (Timeline.awava.org.au). The biggest change made by the FLA (Family Law Act) was the elimination of matrimonial fault (Monahan, 1998, 64). The change of the divorce law in 1975 benefitted married couples who wanted a divorce without having to show evidence of problems within the marriage and this is exemplified in the divorce rate statistics. In the years between 1959 and 1974 divorce rates were below 20’000 a year.

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Divorce was truly a rarity during the 1950s. According to (Wilcox, 2009), the divorce rate was less than 22 percent in the year 1950, but it more than doubled to 50 percent in the year 1970. Former President Ronald Reagan’s no-fault divorce bill, which was signed in the year 1969, was one of the reasons why the divorce rate increased. Back then, in order to proceed with a divorce one must present the spouses wrong-doing. Today, because of the no-fault divorce, gives the spouse the opportunity to depart from marriage for no reason at all.

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Many people today feel that, in 1969, Governor Ronald Reagan made what turned out to be one of the biggest mistakes of his political career. He signed the nation’s first no-fault divorce law, introducing an alternative to the now defunct fault-based divorce system. Prior to this law, couples could only file for divorce if a fault, such as adultery or cruel or inhuman treatment, had occurred. Sanford N. Katz, a Professor of Law at Boston College who received his A.B. from Boston University and J.D. from the University of Chicago, insists that divorced Americans suffered under the fault-based divorce system. He says fault-based divorce commonly led to secret collaborations between attorneys, judges, and defendants, and influenced the assignment

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In the essay “I Wish They’d Would Do It Right,” the author Jane Doe objects to her son’s decision to cohabitate rather than marry because there are many benefits that a married couple can have in this society. Jane Doe’s son and his wife lived together for seven years without marriage and they were having a child. Jane Doe is very excited and ready to have a grandchild. The only concern that Jane has is that her son and his wife should legalized their marriage with a license.

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Health insurance is one of the main insurances ones can have in life. Without reliable health insurance any small treatment can wipe out a person financially. " health insurance is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured" as defined by Investopedia, 2015. The term ‘Health insurance’ was firstly discovered in the United States during the civil war.

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Yale University Press, 2006. Web. 9 Mar. 2016. Beginning with the essential historical and social context of divorce, the authors go on to provide some interesting trends and facts about marriages and divorce rates. This book also contains statistics on the distribution of separation by the duration of marriage in the United States.

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(Introduction) Divorce or the dissolution of marriage is the termination of a marital union thus dissolving the bonds of matrimony between a married couple under the rule of law of the particular country or state. Why do people get divorced? There are many reasons why people choose to divorce each other for example, couples who get married at a very young age, they have entered into an abusive marriage, lack of education, financial problems, extra marital affairs and many more. (causes & effect)

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A major change that has occurred in the Western family is an increased incidence in divorce. Whereas in the past, divorce was a relatively rare occurrence, in recent times it has become quite commonplace. This change is borne out clearly in census figures. For example thirty years ago in Australia, only one marriage in ten ended in divorce; nowadays the figure is more than one in three (Australian Bureau of Statistics, 1996: p.45). A consequence of this change has been a substantial increase in the number of single parent families and the attendant problems that this brings (Kilmartin, 1997).

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Insuring a car is mandatory, as in the future if there is any kind of injury or property damage we can claim it. Understanding insurance has always been a bit tricky and confusing as well. We need to know about our requirements and which one will suit us. What kind of insurance we would like to have?

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Secondly, we’ll study whether the change in divorce rates is actually due to emotions or because of finances. Thirdly, we’ll examine the link between marriage and income and compare the savings

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However, it is not required in any law or form of rules regarding marriage to receive marriage counseling. Marriage counseling could benefit couples to practice healthy patterns of communication as well as problem solving skills that could be used during difficult times before and after the wedding. Counseling can be very beneficial to individuals as well as couples but the cost can be very draining to those who want to seek counseling. The average cost of divorce is $15.500, and that doesn’t even account for the amount of time and stress that divorcing couples go through during the process of separating. I think free marriage counseling being something that is required could definitely help in lowering the divorce rates in our country.

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INTRODUCTION Divorce is defined by the Oxford Dictionary Online (2016) as “the legal dissolution of a marriage by a court or other competent body.” In simple terms, it is a legal or official process to end a marriage between two people. Although the term “divorce” has always been seen as taboo in many cultures in the world – notably in India – it is not a word that is unfamiliar to people nowadays. In fact, according to the 2005 to 2014 records of the Demographic Yearbook by United Nation’s Demographics and Social Statistics Division, European countries make up the majority of the world’s top 10 divorced nations with divorce to marriage ratios going all the way up to 71 percent (Demographic Yearbook 2014).

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This commonly led to secret collaborations between attorneys, judges, and defendants or one spouse falsely accusing his or her wife or husband of committing a fault. Another point Katz makes in his article is that the fault based divorce system has influenced the assignment of property and children. In one final statement, Katz claims that no-fault divorce has decreased the hostility of spouses towards one another and civilized the divorce process (Katz). Experts and scholars today have all made concise explanations as to why the state of our country has only worsened since the application of no-fault divorce reforms. Under the current divorce system, people’s views have shifted from a confident to negative outlook on divorce and marriage and conditions will continue to worsen

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Divorcees are seen as insults to the Hmong culture. Epically, if a woman initiates the divorce. I feared the idea of not being able to see my cousins because of a new title I would hold in this small society. Elders, who were strangers to me, said that I would entice my cousins to follow my footsteps because I wouldn’t have any bounds to a household name. My cousins would see my freedom, and not see me as a fine woman.

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