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Home Banking

Dayforward.com Review: Income Protection Is The New Life Insurance (AZ, TX, UT Only)

Diana Mason by Diana Mason
October 26, 2022 1:10 am CDT
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It’s not something we like to think about, but one in 17 children lose a parent by the time they reach the age of 18. Is your family prepared for that? To make sure the people you love don’t struggle financially, you should consider taking out life insurance.

Dayforward provides just that, but not how you normally think of life insurance. Instead of one big payout, your family will keep getting your paycheck amount until your kids are grown up. In short, Dayforward protects your income, should the unthinkable happen to you. Keep reading for everything you need to know about Dayforward.

Learn More at Dayforward

Dayforward Features

Dayforward is an innovative type of life insurance. Instead of the typical term life insurance where you choose one payout amount, Dayforward beneficiaries are paid out twice a month in the amount that matches your salary. This coverage lasts until your beneficiaries reach adulthood. Plus, there’s a $10,000 payout for funeral expenses.

How much income can Dayforward protect? Check the table below:

SITUATIONPROTECTED AMOUNT
Minimum protection$12,000 in income per year
Maximum protectionTotal amount of income you make
Currently unemployedTotal amount of income you made before becoming unemployed
No income (ie: stay-at-home parent)Up to half of your total household income

Dayforward coverage is flexible: your Income Protection can change as your income changes, and your coverage can extend if you have more children. They’ll tell you how much it will cost to expand your coverage at the onset, when they recommend a policy for you.

You can apply for Dayforward life insurance online and get covered within 10 minutes. If you don’t qualify for instant coverage (those with high incomes), Dayforward may require additional information before approval (more on that below).


Applying For Dayforward Life Insurance

To apply for Dayforward life insurance, begin by answering a few questions online about you, your health and your lifestyle. They’ll ask you for your income, if you have children, and the age of your youngest child. The provider will use this information to recommend a personalized policy and price.

Most people can checkout and purchase the policy online. Others might require a medical test before approval. If so, Dayforward will send you a home test kit and will walk you through the process via Zoom. If they can’t cover you, Dayforward will recommend a policy from a partner provider.


Dayforward Pricing

Dayforward charges a $5 monthly subscription fee, plus a cost for every $1,000 of income they protect. That cost depends on how risky it is to insure you. Your premium will never change, unless you decide to get additional coverage or you extend your policy length. Overall, the company claims that their pricing is affordable.


Bottom Line

Dayforward does a better job of protecting families than the standard life insurance policy. Rather than estimating how much money your family will need to stay financially secure should you pass away, Dayforward simply replaces your lost income.

Unfortunately, however, Dayforward is only available to Arizona, Texas, and Utah residents at the moment. If you live in another state, you’ll have to consider another provider or wait until Dayforward expands their coverage to your area.

Learn More at Dayforward

Fabric offers both life insurance and wills. Fabric wills are free, and you can easily create one online in just five minutes.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

Tags: dayforward
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Diana Mason

Diana Mason

Diana's passion for travel eventually led to her separation from the 9 to 5 office life and into the arms of freelance work. Cali-born and Philly-bred, she's a creative professional with a delightful knack for words. When she's not gallivanting across the globe, Diana can be found writing (of course), teaching yoga and dreaming of her next big adventure.

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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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