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How to Keep Divorce from Destroying Your Agency

Here are some steps you can take to keep your agency--or a clients business--running in the event of a divorce, death, disability or other life event.

By Laura Mazzuca Toops | Updated on March 11, 2014

It’s a sad but true statistic: 50% of U.S. marriages end up in divorce court, a number that has held steady over the past decade in spite of bad economic times, according to the CDC’s National Vital Statistics System. Although the numbers represent a decline in overall divorce rates from the high of the late 20th century, it is rising in some demographics–specifically, among baby boomers.

While the personal impact of divorce can be devastating, splitting up a marriage can also disrupt a spouse’s business—especially the typical independent insurance agency, which tends to be privately held and frequently intertwined with the family.

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