Dayforward Raises $25M and Acquires Commercial Travelers Life Insurance Company to Expand Life Insurance Offering Nationwide
The digital-first life insurance company builds on its initial successful launch with a carrier acquisition to expand nationally, bringing financial security to families with revolutionary new products and technology
Dayforward launched in 2021 with the mission to help families across the country create financial security for the people they love. Its innovative term life insurance offering guarantees the policyholder's family will continue to receive their income in the event that the policyholder passes away. The company's latest funding round brings the company's aggregate amount of capital raised to
"Today, families go through great difficulty to get the financial security they need. Life insurance can be a tedious and confusing process," said
The acquisition of
"Dayforward is a product-first, tech-enabled life insurance start-up that now has the ability to distribute through multiple channels – direct, agent, and partner – almost nationally," said
Dayforward is founded and led by senior executives from across the technology, marketing and insurance spaces. Shapiro was previously Founder and CEO of Huge, a digital transformation consultancy acquired by the Interpublic Group and Founder and CEO of
Officer and Chief Actuary of LogitudeRe;
Dayforward's Board of Directors also has extensive industry experience as well, including:
"Companies have talked about the life insurance gap in the US forever. Dayforward is on a mission to help close this gap and bring financial security to million of under-insured Americans by rethinking the life insurance buying process from the group up starting with an innovative product design, a modern way of educating and approaching customers and delivering a seamless buying experience powered by clean UI and data driven underwriting. We are thrilled to be part of their journey and partner with Aaron and the team in building a great company." Says
"The life insurance industry is going through a massive transformation and Dayforward has been driving significant change in the space. Dayforward is paving a first-of-its-kind path as a digitally-native, full stack insurance provider with the core infrastructure needed to build best-in-class products for the modern customer, across all channels," saidPatrick Chun, Founding and Managing Partner of Juxtapose. "We're thrilled to partner with Aaron and his team as they continue to redefine insurance products across the industry."
Dayforward purchased
To learn more about Dayforward, visit www.dayforward.com.
About Dayforward
Dayforward is a digital life insurance solution built for modern families. As a full stack carrier, Dayforward manufactures and distributes financial security products that are easier to understand and buy. The company was founded in 2020 with investment backing from
About
About
About
About Juxtapose
Juxtapose is a creation-oriented investment firm that is exclusively focused on building industry-transforming businesses from the ground up. Founded by
About NGL
Established in 1909
https://www.linkedin.com/company/national-guardian-life-insurance-company.
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