Life Insurance

Dayforward Life Insurance Review

By Peter Mondrose Peter Mondrose is the Head of Insurance Content at Bankovia. He received his degree in Economics in 1998 and a second degree in Journalism in 2004 from the University of Chicago. Most recently he served as Head of Content at, and editor at 5 minute read

Dayforward life insurance is unlike anything else on the market today. The beneficiary may receive an initial lump sum followed by monthly payments for a specified period of time, which is frequently until the beneficiary attains the age of 21.

It provides financial security for your children in the event of your death. This type of insurance is referred to as “annual declining term insurance” since your monthly payment will never decrease. As your children get older, so does the value of your insurance policy.

To ensure that a set sum of money is left to your children in the case of your death, you should obtain a standard term life insurance policy. This method may not be applicable in all circumstances. Perhaps you should reconsider your decisions in this instance.

While Dayforward, a new insurance carrier based in Texas, will ultimately expand to the rest of the country, consumers will have to wait for the firm to flourish. JD Power and AM Best have not yet received any complaints or reviews, as the company was founded in 2021 and has just recently began collecting data. As a result, purchasing insurance via Dayforward is riskier due to the company’s financial soundness and customer satisfaction rankings not having been extensively reviewed.

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Dayforward only provides term life insurance

Dayforward Life Insurance Review - Dayforward Insurance Company Logo

By contrast, Dayforward offers just term insurance, which means that if you die, you would get a single lump sum payment.

When you die, you will get a $10,000 lump sum payment to cover your funeral expenses and any other unanticipated expenditures. You’ll receive a refund every two months as a consequence of the insurance to assist you make up for any lost wages. Generally, a minor’s legal guardian or legal representative obtains benefits on his or her behalf.

Insurance plans with terms ranging from ten to twenty-seven years are available for incomes of between $12,000 and $500,000. Premiums begin at just $1. Once your term has finished, your monthly payment will remain the same until you add children or increase your income.

Life insurance rates of Dayforward 

Dayforward’s price structure is easy. Each insurance policy is subject to a $5 monthly fee, which is already factored into the policy’s final cost. Insurance premiums vary according to your age and health, the wage level you wish to replace, and the duration of coverage for your youngest kid.

The following is an example of what a 30-year-old couple with a 5-year-old child may pay for a house in the near future.

  • Male. Child up to 21 years old $17 per month, Child up to 26 years old $23 per month
  • Female. Child up to 21 years old $14 per month, Child up to 26 years old $18 per month

Various elements have an effect on your rates

When you apply for Dayforward, you will be asked about your annual income and the state of your physical and mental health on a regular basis. Due to the fact that Dayforward is an income replacement policy, it will not cover you for sums in excess of your monthly salary.

Specific medical concerns like cigarette usage, drug use, and alcohol use are just a few of the more in-depth medical queries that must be answered when applying for insurance coverage. Additionally, your application will require a criminal and driving history dating back 10 years. Your insurance rates will increase proportionately to the degree of risk you face.

How to acquire a Dayforward quote?

After answering a few medical questions about yourself, Dayforward’s website will offer you a cost estimate in 10 minutes.

Kindly send us an email including the following information:

  • Date of birth.
  • Gender.
  • Annual income.
  • Youngest child’s birthdate.

Does Dayforward require medical testing?

Dayforward will contact you by phone or email if more information or tests are necessary to offer coverage. If you respond to questions over the phone, Dayforward will arrange for blood and saliva samples to be obtained.

You should get feedback regarding the progress of your application within 24-48 hours, depending on how soon Dayforward receives your responses or test results.

What riders can I add to my life insurance policy?

Each Dayforward life insurance policy includes two complimentary riders that will assist you in keeping up with the growth of your family and income as your circumstances change.

  • A youngster is the rider. If you have children, you should immediately include them in your life insurance policy.
  • Rider whose sole objective is to earn money. By providing evidence of income, you can boost both your coverage and payout. By providing evidence of income, you can boost both your coverage and payout.

Dayforward, your premiums will increase if your pay increases or if you add more children to your insurance coverage. Neither of these solutions, nor any further underwriting, are required.

You can have a Dayforward policy and traditional life insurance

Along with your Dayforward coverage, you may like to consider getting a conventional life insurance policy from a different firm. To give additional protection, a Dayforward policy can be added to your employer’s insurance or to any other type of coverage, including a Dayforward policy.

How can Dayforward deny my claim?

According to Dayforward’s advertising, there are two circumstances in which claims might be denied:

  • Deception is utilized throughout the insurance purchase or insurance process.
  • A suicide occurred on the grounds during the first two years of the policy’s existence.

Pros and cons of Dayforward life insurance


  • Simple life insurance that is easily understood by everyone. Dayforward Insurance Services customers can purchase a single-term insurance.
  • The consumer has complete discretion over the duration of the contract.
  • Policyholders seeking to maintain coverage have a variety of alternatives. If it is more convenient for you, you may opt to prolong your coverage until your youngest kid becomes 18, 21, or 26 years old.
  • Monthly payments are divided into two equal halves. Dayforward has developed a method for quickly delivering a $10,000 check. Following that, payments are made every other week to mimic the payroll pattern.
  • Self-propelled riders. You no longer have to worry about adding riders to your insurance policy when you use Dayforward.


  • This is a whole new endeavor. Dayforward was founded in 2021 and hence lacks a track record of customer satisfaction or claim payment.
  • Only Texans have access to it. Dayforward’s insurance is now only offered to citizens of Texas.
  • Nobody has yet assigned a star rating to Dayforward, which is rare. Due to the fact that Dayforward is still in its infancy, they have not yet been awarded a BBB or AM Best rating.

Dayforward life insurance reviews and complaints.

A firm called Dayforward was founded in the year 2021. In the recent 12 months, neither Trustpilot nor the Better Business Bureau have received any complaints or reviews. On the other hand, Munich Re, a corporation with an A+ rating from AM Best, insures Dayforward initiatives. As a result, future claims are more likely to be paid.

Best Affordable Life Insurance
Free Life Insurance Quote, No Obligation.

An easy, affordable and dependable way to look after the people you love.

More Info → is a promotional partner of Bankovia.
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