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Dayforward Review
Dayforward Review
September 25, 2023 / Catherine Miller
Dayforward Review
September 25, 2023 / Catherine Miller
Flexible coverage while your family grows
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Dayforward provides term life insurance that’s great for growing families. You can extend your term if you have more children, your family will get your protected income amount until the end of the term (regardless of when you pass away), and your beneficiaries will receive an upfront one-time payment of $10,000 for funeral costs. Income will come in twice a month, just like a paycheck, for your family when they claim. There’s also a quick and easy online application which takes just a few minutes.


  • Flexible coverage while your family grows
  • Steady stream of income w/ payments 2x a month
  • Additional $10,000 lump sum for funeral costs
  • Quick and easy online application


  • No online chat support
  • Relatively new company

Suitable For?

Term life insurance is a great choice if you have a family because it will provide them with a steady stream of income if you pass away during the term. Dayforward’s term life insurance is most suitable for growing families as it allows you to extend your coverage term and increase the amount of your income they protect with pricing that’s fixed from the start.

Additionally, it offers your protected income (either your whole income or a portion of it) for the full term. That means if you pass away early in the term, the full amount of coverage provided will be higher overall and will support your family until your youngest child turns 18-26 years old.


Dayforward offers plenty of great features with its term life insurance. These include:

  • Twice-monthly payments to your beneficiaries for the length of the term
  • An additional one-off $10,000 lump sum for funeral costs
  • More coverage earlier in your term to provide for a younger family
  • Minimum of 3 years of coverage even if you pass away near the end of the term
  • Flexible coverage through unique add-on riders to incorporate a growing family or changing finances at a fixed price
  • Protect up to half of your whole household income if you individually make less than $12,000/year
  • 10-27 year term length
  • Quick and easy online application
  • 30-day free cancellation policy

Policy Types and Terms Available

Dayforward offers only term life insurance—a type of life insurance that replaces your income for your beneficiaries if you pass away during the period covered by the insurance.

Dayforward’s term life insurance will provide your family with twice-monthly payments as well as a $10,000 lump sum to cover funeral costs. You can purchase a 10-27-year term, with coverage of $12,000-$500,000 (depending on your income—Dayforward won’t provide more than this amount). You can also add on an Income Increase rider to cover additional income if you get a raise during the term. This has pre-set pricing so you can budget appropriately.

Additionally, you can extend the length of your term within 6 months of the birth or adoption of a new child. This is available within the first 5 years of coverage. It means you can ensure your family will get an income while your new children are still growing.

Application Process

Before applying for your life insurance, you can get a rough estimate of your coverage level and twice-monthly income by entering your date of birth, gender, state of residence, and youngest child’s date of birth on the website. This takes just a couple of minutes. You can then complete the rest of the application on the website.

How it works:

  • Get your free coverage estimate on the Dayforward website.
  • Complete your application by entering further personal details like your height, medical history, and occupation. This takes about 5 minutes.
  • Dayforward will verify your identity and either present you with your finalized price or phone you within 15 minutes to clarify details if needed.
  • You may need a medical exam for approval, although Dayforward notes that most people don’t.

The application process is really quick (Dayforward aims to get most people through it in a maximum of 10 minutes) and it’s easy to do on the website.

How Safe Is It?

Dayforward’s policies are reinsured by MunichRe, a large, international reinsurance company. Reinsurance means your insurance policy is covered if Dayforward hits difficulties. This gives an extra layer of protection to your family because they can still get the money even if something goes wrong with the company.

Dayforward has only been around since 2021, so it doesn’t have the established reputation of some other providers. It doesn’t have a presence on Trustpilot or the Better Business Bureau (BBB) yet.

However, there is a 30-day free cancellation period, during which time you can get a full refund if you’re not satisfied with the service. You can cancel at any point after this, although you won’t be entitled to a refund.

Help & Support

You can get in touch with Dayforward by phone (9am - 8pm EST) if you need support. However, there’s no live chat function on the website.

If you pass away during the term of your policy, the beneficiary should get in touch with Dayforward to make a claim. They’ll need to confirm your key details, including your policy number. They’ll also need to give details of your death.

The claims department will review the claim and, when approved, they’ll send your beneficiary the initial $10,000 funeral lump sum. The beneficiary’s twice-monthly payments will then begin.

Dayforward at a Glance

Taking out term life insurance is a good way to ensure your loved ones will still receive a steady stream of income if you pass away. Dayforward’s term life insurance has a lot of features that make it worth a look if you’re looking for coverage, especially if you have a young, growing family.

For example, its flexible, extendable coverage allows you to lengthen your term if you have more kids. And, with twice-monthly payments and a $10,000 funeral lump sum, your family will be well protected. Dayforward is a relatively new entrant to the field, so it doesn’t yet have a full presence on review sites. However, with a 30-day cancellation policy, if it’s not for you, it’s easy to get a refund.

Dayforward is quickly growing and is currently available in the majority of states and expanding to all 50 states soon. Their application process is quick, straightforward, and online, without the need for filling in fiddly forms. For the peace of mind that life insurance can bring, Dayforward is worth considering.

Physical Address

1133 Broadway #525

New York, NY 10010


Dayforward Insurance Agency, Inc. ("DIA"), is an insurance agency affiliated with Dayforward Life Insurance Company Inc. ("DLIC") and Commercial Travelers Life Insurance Company ("CTLIC"). DIA is licensed in all U.S. states and the District of Columbia, except Florida, and acts as the agent of insurance companies in selling approved insurance policies. DIA receives compensation based on the premiums for the policies it sells on behalf of insurance companies. All insurance policies sold by DIA for insurers are subject to certain conditions, limitations, and exclusions as set forth in the applicable policies of insurance. DIA may sell policies through affiliates and fellow wholly-owned subsidiaries of Dayforward Inc. DIA is responsible for its own financial condition, contractual, and other obligations. Dayforward is an approved trade name of DIA in states where such approval is required.

Get started now, visit Dayforward
By Catherine Miller
Catherine Miller is a lead member of personal finance and pension innovator Maji, where she’s responsible for content creation and running Maji’s personal finance masterclass, among others. Miller also holds degrees in English and education, and worked as a teacher before moving into finance. Today, she combines aspects of education and personal finance to help readers make better decisions in finance and beyond.
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