M&A Deal Summary

Dayforward Acquires Commercial Travelers Life Insurance

On January 23, 2023, Dayforward acquired insurance company Commercial Travelers Life Insurance from National Guardian Life Insurance Co.

Acquisition Highlights
  • This is Dayforward’s 1st transaction in the Insurance sector.
  • This is Dayforward’s 1st transaction in the United States.

M&A Deal Summary

Date 2023-01-23
Target Commercial Travelers Life Insurance
Sector Insurance
Buyer(s) Dayforward
Sellers(s) National Guardian Life Insurance Co.
Deal Type Divestiture

Target

Commercial Travelers Life Insurance

United States
Commercial Travelers Life Insurance provides a full range of insurance services.

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Buyer(S) 1

Buyer

Dayforward

New York, New York, United States

Category Company
Founded 2020
Sector Insurance
DESCRIPTION

Dayforward is a digital life insurance solution built for modern families. The Company manufactures and distributes financial security products that are easier to understand and buy. Dayforward was founded in 2020 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

National Guardian Life Insurance Co.

Madison, Wisconsin, United States

Category Company
Founded 1910
Sector Insurance
DESCRIPTION

National Guardian Life Insurance Co. is a mutual insurance company licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group markets products including specialty insurance. NGL was formed in 1910 and is based in Madison, Wisconsin.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Everplans

New York, New York, United States

Founded in 2012 by Abby Schneiderman and Adam Seifer, Everplans helps people organize, store, securely share and keep up to date all the important plans and information they need throughout their life and that their family would need in the event of an emergency. Everplans serves the clients, policyholders, and employees of 400+ companies, including some of the largest providers of insurance and financial services.

Buy -