Things can happen at any point in time without any warning and you want to be prepared for those situations. Although it may be hard to think about, your family should be prepared and that is why life insurance is important.
Dayforward allows you to do just that but it isn’t any normal life insurance. Instead of one big payout, our family will continuously get a paycheck for the amount until your kids are grown up. Basically, Dayforward protects your income, if anything were to happen to you. Continue reading to learn more.
(Click the link above to learn more about 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:
| SITUATION | PROTECTED AMOUNT |
| Minimum protection | $12,000 in income per year |
| Maximum protection | Total amount of income you make |
| Currently unemployed | Total amount of income you made before becoming unemployed |
| No income (ie: stay-at-home parent) | Up to half of your total household income |
Their coverage is flexible because our Income Protection can change as your income changes, and your coverage can become wider with the more children that you have. They will tell you how much it will cost to expand your coverage at the onset, when they recommend a policy for your.
Anyone can apply for Dayforward life insurance online and get covered in as little as 10 minutes. If you don’t qualify for instant overage, Dayforward may require additional information before approval.
Applying For Dayforward Life Insurance
To apply for Dayforward life insurance, it is quite a simple process starting with a small online questionnaire about you, your health and your lifestyle. Afterwards, they will ask you about your income, if you have children, and the age of your youngest child. he provider you will then use this information to personalize a policy for you.
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.
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Bottom Line
Dayforward offers a much better avenue in terms of protecting families than the traditional life insurance policies out there. Rather than estimating how much money your family will need to stay financially secure should you pass away. Dayforward will basically replace your lost income. Fabric also offers both life insurance and wills, so check them out if you can’t apply for Dayforward.
(Click the link above to learn more about Dayforward)
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