Launched in 2015 and headquartered in New York, Haven Life offers medically underwritten term life insurance online. It offers a streamlined application process that takes about 25 minutes to complete, and qualified applicants up to 59 years old can purchase up to $1 million in coverage that begins immediately. MassMutual, Haven Life’s parent company, issues the policies. MassMutual has over 160 years of experience in the life insurance industry, and it is one of the largest life insurers in the United States.
Haven Life term life insurance policies are suitable for anyone who is looking for convenient and affordable term life insurance online. Depending on the coverage and your unique situation, Haven Life insurance policies can be purchased for as little as $20/month.
Because Haven Life doesn’t always require a medical examination, it’s a great option for those who want to be immediately insured or have trouble qualifying based on pre-existing medical conditions. (Keep in mind that not all applicants will have the medical exam waived, as the algorithm will deny those with certain high-risk pre-existing conditions.)
Haven Life is particularly suited for young individuals who are in good health, as those under the age of 60 can receive up to $3 million in coverage. If you’re between the ages of 60 and 64, you can still qualify for up to $1 million in coverage. Haven Life is also suited for individuals who appreciate a do-it-yourself approach to life insurance backed by great customer service. It has customer service reps available via email, live chat, and phone.
Haven Life offers life insurance policies that are available with terms of 10, 15, 20, or 30 years. Coverage starts at $25,000 and goes all the way up to $3 million. Your coverage will depend on the Haven life insurance policy you choose. Options are:
Haven Life’s application process is fully online. During the online application process, you’ll be asked about your personal health history, family medical history, and lifestyle. Here’s how the application process works:
As we mentioned, some qualified applicants under the age of 59 may be able to skip the medical exam and receive instant approval. Overall, the process is straightforward, and if you can get the medical exam waived, you can start receiving coverage almost immediately.
Haven Life has a 4.8 rating on Trustpilot with over 1,000 reviews. As mentioned, its parent company is MassMutual, which holds an A++ Very Strong rating from Fitch Ratings, an Aa3 High-Quality rating from Moody’s Investor Service, and an AA+ Very Strong rating from Standard and Poor’s.
All policies with Haven Life are underwritten by MassMutual, and if you cancel your policy during the 10-day free look period, you’ll get a full refund on all premiums paid. If you cancel after the free trial period, you won’t accrue any penalties, but you won’t get a refund on the premiums.
Haven Life customer support can be reached via live chat, email, or phone. Haven Life’s support staff is available Monday through Friday at 855-744-2836 from 9 a.m. until 6 p.m. EST.
The company also has a robust FAQ page. Claims are filed directly through Haven Life, and you can generally expect a payout within 2 to 4 weeks.
Haven Life offers term life insurance policies with coverage ranging from $25,000 to $3 million. Term life insurance policies can cover you for up to 30 years from the date you’re approved. In addition to Haven Term, Haven Simple, and Haven Secure, Haven Life offers disability insurance. Customer service is available five days a week via phone, email, and live chat, and once you purchase a policy, you get a 10-day money-back guarantee on all premiums.
60 Madison Ave, New York, NY 10010
Haven Life offers term life insurance policies that are issued by MassMutual and available to US citizens ages 18 and older. Haven Term is a Term Life Insurance Policy issued by MassMutual, Springfield, MA 01111 and offered exclusively through Haven Life. Haven Secure is a Term Life Insurance Policy. H Haven Simple is a Simplified Issue Term Life Insurance Policy. Haven Secure and Haven Simple are issued by C.M. Life Insurance Company, Enfield, CT 06082.