Everdays is a digital platform that offers permanent whole life insurance policies specifically designed to cover end-of-life expenses, allowing users to customize their coverage and allocate funds for specific needs. The platform simplifies financial planning for individuals aged 55 and older by providing instant approval, no medical exams, and a user-friendly interface to ensure their families are financially prepared for future expenses.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Planning and funding end-of-life expenses can be complex and emotionally challenging, often leaving families unprepared for the significant financial burden. Traditional final expense insurance policies may be expensive and lack the flexibility to allocate funds for specific needs beyond funeral costs.
Solution
Everdays offers a digital platform providing permanent whole life insurance policies designed to cover end-of-life expenses, combined with tools for customized planning and fund allocation. The platform enables users to purchase affordable coverage and specify how the proceeds should be spent, such as for funeral arrangements, outstanding bills, memorial services, or family inheritance. By providing a user-friendly interface and step-by-step guidance, Everdays simplifies the process of preparing for future expenses and ensures that families are financially equipped to honor their loved ones' wishes.
Target Audience
Individuals aged 55 and older seeking to simplify financial planning for end-of-life expenses and ensure their families are financially prepared.
Features
- Recommendation engine to customize and purchase affordable policies tailored to individual needs and budgets
- Planning platform to allocate funds for specific end-of-life expenses
- Option to share plans and policy access with family and beneficiaries
- No medical exams and instant approval
- Locked-in rates that will never increase
- Coverage up to $100,000 with quick payouts