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Haven Life Insurance – Easy Online Life Insurance

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Haven Life Insurance – Easy Online Life Insurance

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Nick M.-

Haven Life Insurance Agency is an online and digital style of purchasing life insurance. Traditionally, you would have to call and speak with an insurance agent for hours, complete a lengthy application and wait weeks for approval. Instead, Haven lets you do everything online. It’s quick and easy to get a quote and sign your application in 15-20 minutes on your phone, tablet, or laptop.

Overview

Haven life offers term life insurance for 10, 15, 20, or 30 years. You may qualify for up to $3 million on a Haven Life term policy if you are under age between 18 and 65.

They offer two consumer term life insurance products:

  • Haven Term is a fully underwritten policy that might require a medical exam. Instead of a computer reviewing your application, a human underwriter considers your application. They may request additional information if you have a pre-existing medical condition. It does not mean you will automatically be denied coverage.
  • Haven Simplified Issue Term does not require any medical exams. AI algorithms review your application, check your medical history, and provide an instant decision. If approved, the system automatically issues the policy and your coverage starts immediately.

Pro Tip: Typically, fully underwritten life insurance is less expensive than Simplified Issue. Simplified Issue policies tend to cost more but are faster and more convenient.

Haven Life is backed and wholly owned by Mass Mutual Life Insurance Company. They are a reputable insurer with over 160 years’ experience, and an AM Best rating of A++ for financial strength.

How It Works

Term life insurance is temporary insurance that lasts between 10 and 30 years. You can select the term for which you wish to receive coverage. Term life insurance is the least expensive type of life insurance.

During the coverage term, the policy premium and death benefit amount stay the same. It will not increase because those guaranteed rates are written in the insurance contract.

It is pure insurance, so it does not build any cash value. If you cancel the policy before the end of the term, you do not receive any money back. If you die during the coverage term, your beneficiary receives the full death benefit.

However, if you outlive the term, there is no premium refund. You would have to apply for life insurance again at an older age. It might cost more because you’re older, and if your health declined.

Why Haven Life Insurance

Haven Life’s CEO started the Haven Life agency because he could not find fast-issue, quick-decision life insurance online when he needed it. Haven Life provides a simple, dependable way to buy term life insurance from the grocery line or soccer field. There is no need for in-person appointments with an agent.

Haven Life also provides a transparent and comprehensive customer service over the phone, email and chat. If you want to talk to a real person, you can reach one.

Term life insurance through Haven Life is the simplest and most affordable way to finally protect your family from life’s unexpected turmoil. The death benefits of a Haven Life term policy can pay off a mortgage so your family does not lose their current lifestyle. Or, it can cover the expenses of childcare if a surviving partner must return to work. Also, it provides access to cash so you can pay your monthly bills, credit card debts, or for a funeral.

As an example, for about $18 per month, a healthy 35-year-old woman can purchase a 20-year, $500,000 Haven Term policy, issued by MassMutual. Financial advisors recommend buying 7-to-10 times your annual income in term life insurance. This provides a cushion to pay off debts and supplement lost income for several years. That gives survivors time and money to pay for college or professional training.

How to Apply

You can start your instant quote at Haven Life’s website. If you apply, just fill out your personal information and health background. Haven Life will provide an instant decision and you could be covered in less than an hour! It really is that simple.

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Required disclosures:

Haven Term is a Term Life Insurance Policy (ICC17DTC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and not be available in all states. Our Agency license number in California is 0K71922 and in Arkansas, 100139527.

Haven Life Plus (Plus) is the marketing 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).

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