Haven Life - Term Life Insurance
Haven Life Insurance Agency offers a completely digital application process for obtaining term life insurance policies faster and more conveniently than the traditional method. Haven Term life insurance policy is issued by MassMutual, a well-known insurance provider that has been operating for more than 160 years, and terms include 10, 15, 20, and 30-year options.
Also, the Haven Life Plus rider is included in the Haven Term policy. Plus offers access to additional services at no cost or at a discount, ls such as will creation, a secure online vault for sensitive documents, and workout program.
Haven Life Life Insurance Services & Terms
|Policy type||Term life insurance|
|Coverage amount||$25,000 – $3,000,000|
|Coverage Terms||10, 15, 20, 30 years|
|Issuing Rating||MassMutual is rated A++ by A.M. Best*|
|Good for||All-around helpful service/features, low rates, easy online process|
*MassMutual and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company are rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of [insert today’s date] and is subject to change. MassMutual has received different ratings from other rating agencies.Rating does not apply to Haven Life Insurance Agency.View Rates
Who is Haven Life Good For?
Haven Life Insurance Agency is a great resource for consumers looking for an easy online application process. The entire process can be done online (most of the time, with the exception of a medical exam), and you don’t need any special requirements, in-person meetings, or long wait times. What’s more, Haven Life offers additional services in the form of the Plus rider that is included with your term life insurance policy. These additional services are offered either at no cost or at a discount, and include things like writing a will, secure online file storage, and discounts on health services (subject to state availability). The Haven Term policy offers additional riders that may be available at additional cost or may have fees when exercised. Certain conditions will apply to each rider.
- Quick response times
- People looking for immediate coverage decisions
- Additional services bundled in
- Online application process
- Flat rate lock
- Renewable policies
- Haven Life Plus rider
The Haven Life Plus rider services include the following:
- Trust & Will, an online service that helps people write, customize, and update a legally-binding last will and testament (valued at $159)
- A year subscription to APTIV, a fitness app with a tremendous library of workout videos, including cardio, strength training, yoga, and mediation (valued at $99)
- Unlimited access to Timeshifter, a travel app that helps you set a personalized travel plan to eliminate jet lag from your menu (valued at $25/year)
- Subscription to LifeSite, an online vault for storing sensitive documents in a secure and organized way (valued at $80 per year)
- 15% discount on all MinuteClinic services. MinuteClinic is a CVS and Target-based family health service that provides on-the-spot health services for the family (no appointment needed)
The application process on the Haven Life website is meant to be entirely online with the exception of the medical exam, if one is required. Applicants receive an instant coverage decision to either approve their coverage immediately or ask for a medical exam in order to complete the application process.
With Haven Life’s Instant Term process, for applicants up to age 59, some will qualify to finalize coverage without a medical exam. Most applicants, however, will need to take a medical exam.
Issuing the policy or paying its benefits depends on the applicant’s insurability, based on their answers to the health questions in the application, and their truthfulness.
Here’s what their quoting tool looks like:
Begin the application process by answering the basic questions, including your date of birth, gender, and the state you live in. This will give you an estimated rate based on your answers.
If you like what you see, you will click ‘Get your real rate’ to begin the online application process. You will start by creating an account, verify yourself via an SMS message sent to your cell phone, and begin the longer questionnaire. This will go into detail about your health and lifestyle, asking questions like, do you have a family history of certain diseases, or do you participate in high-risk sporting activities.
You’ll be required to answer some basic information that you should already know about yourself (date of birth, where you live, etc.). Other than that, you should have your driver’s license and social security numbers handy.View Rates
Policy Types, Terms & Requirements
Currently, Haven Life only offers term life insurance policies. The Haven Term policy is issued by MassMutual. Some applicants up to age 59 looking for up to $1 million in coverage might qualify for the Instant Term process and not be required to take a medical exam. Issuing the policy or paying its benefits depends on the applicant’s insurability, based on their answers to the health questions in the application, and their truthfulness. Most applicants will need to take a medical exam.
Life Insurance Requirements
- US resident
- 18-65 years of age
- Not active military or enlisting currently
- Personal use only
Life insurance Terms
- Term life insurance
- Under 60: up to $3 million
- 60-65: up to $1 million (available for non-US citizens)
Privacy & Security
Haven Life Insurance Agency has a good reputation online. It has an A+ rating from the Better Business Bureau and has fewer than average complaints online. What’s more, Haven Life offers policies issued by Massachusetts Mutual Life Insurance Agency, one of the oldest and most trusted names in the industry. They holds an A++ rating from A.M. Best, which is an indicator of MassMutual’s financial strength and claims -paying abilities. MassMutual also won the 2019 Ethisphere’s World’s Most Ethical Companies award and earned a score of 100 on the Human Rights Campaign Corporate Equality Index.
Haven Life has a tremendous FAQ section on its website that is well organized and has pretty much everything you need to know about their services, the policies, and the terms you will be dealing with. You can also reach out to a customer service rep via email, phone, or live chat support during normal business hours.
Online contact form
Weekdays 9 AM to 6 PM ET
|Medical exam||Yes for most applicants, no for those who qualify to skip the medical exam based on answers to health questions in the application.|
|Online exam results||N/A|
|Credit card payments||Yes|
|Policy delivery method||Online, mail|
|Online policy management||Yes|
Haven Life Insurance Agency offers an easier way to apply for and purchase life insurance than the traditional method. You won’t be able to apply for whole life insurance, but if term is what you’re looking for, Haven Life is a good choice. In addition to solid coverage and affordable rates, the Haven Term policy offers multiple riders either included in the policy or at additional cost, like accelerated death benefit, free fitness programs, and discounts on health services from CVS and Target.
60 Madison Ave, 7th Floor
New York, NY 10010View Rates
Haven Life Disclaimer: “Haven Term is a Term Life Insurance
Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. In NY, Haven Term is DTC-NY. In CA, Haven Term is DTC-CA. Our Agency license number in California is OK71922 and in Arkansas, 100139527 Disclosure – Term Conditional Required massmutual MassMutual Presence in Prox. to Haven Life Conditional Banned Haven Life Plus (Plus) is the marketin name for the Plus Rider which is included as part of the Haven Term policy. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). Plus offers access to additional services at no cost or at a discount”