Who Is Haven Life Best Suited for?
This life insurance company is best suited
for people who are relatively healthy and below 64. There are two main reasons
for this:
1. The company requires no medical exams if
you’re healthy.
2. Haven Life only provides coverage for
individuals up to 64.
This is also a good choice if you’re
looking for a fast and easy online application process or you want to access
life insurance as soon as possible. In some cases, applications are evaluated
within the same day.
Haven Life Features
This life insurance company offers
MassMutual coverage for up to $3 million. They only provide term coverage. So,
if you are looking for permanent life policy options, you might want to look elsewhere.
Also, it is worth noting that the life insurance options offered by Haven Life
are only available for people aged 64 and below.
Haven Life Simple is the company’s basic
insurance option. It offers coverage from $25,000 to $500,000. You can buy it
if you’re aged 20 to 55. This insurance doesn’t require medical exams. The next
tier is called Haven Life Plus. This is a rider you can add to your term policy
to enjoy extra benefits such as access to different online tools.
The accelerated death benefit enables customers
to get 75% of their death benefit if they get diagnosed with a terminal
illness.
There is also a premium waiver option that
enables you to waive your premiums in case of injury and inability to go to
work for a period of time.
The price of Haven Life insurance will depend on several factors such as age, gender, medical history, location, coverage amount, whether you’re a smoker or not, your hobbies-related risks, and more. For example, someone in their 30s who doesn’t smoke and wants to get the 20-year term insurance will pay around $80-$90 per month.
Haven Life Highlights
Currently, Haven Life is one of the
companies that offer one of the fastest and easiest ways to get life insurance.
The amounts the company offers are also significant – customers can get
coverage of up to $3 million. After the application process, which is carried
out exclusively online, you can get a decision within a few hours.
If you are looking for a fast way to access
life insurance without the obligation to get medical exams, this is a good and
reliable solution. This condition will only apply if you are in good
health.
Besides these benefits, Haven Life offers additional perks. For example, you can access several health and fitness apps. The company also offers the possibility to create a digital will, and it provides discounts at the CVS MinuteClinic if you get the Haven Life Plus insurance.
How It Works – Application Process
This life insurance company provides a
fast, hassle-free, entirely online application process. Access the website,
choose the life insurance type you’re interested in, and the platform will take
you through all the application stages.
During the application process, you will
only have to answer several questions. The platform uses specific algorithms
that analyze each individual’s risk based on the answers they provide. At the
end of the application, the system makes a data-driven decision and provides
each applicant with the most suitable rate class.
If you just want to get a hint of this
insurer’s options, you don’t have to go through the entire application process.
You can get a quote. Then, you can complete the application, and if the answer
is positive, you will have to provide all the documentation required to sign up
for the insurance policy.
Types of Policies and Terms
The maximum coverage amount you can get from this term life insurance company is $3 million. Compared to other online insurance companies on the market, this is a generous coverage offer. There are different term options – 10, 15, 20, or 30 years. The maximum coverage limit decreases with age. So, if you are under 60, you can benefit from the maximum $3 million coverage. If you are between 60 and 64, you can only get a maximum coverage of up to $1 million. If you are more than 64, you can no longer apply for life insurance through Haven Life.
How Safe Is It
Getting life insurance through Haven Life
is a safe move. This company enjoys good customer reviews and a solid
reputation. Above all, it counts on the reliability of MassMutual and its
subsidiary, C.M.Life. This is the insurer whose coverage you get from Haven
Life. It is one of the oldest companies in the life insurance field, having
been around since 1851. A.M Best rated both MassMutual and its subsidiary as
A++ companies. This is the highest standard insurers can get based on their
financial power and capacity to pay customers’ claims.
MassMutual is also included in the Fortune
500 List, where it has a Comdex score of 9.7 and is ranked number 76. Finally,
the most important aspect that proves this company’s trustworthiness is the A+
rating from the Better Business Bureau.
Help and Support
This company offers fast and professional customer support. The contact methods are easy to spot on the website. The phone number (+1 (855) 679-1308) is located at the top of the home page. There is also a live chat bubble in the right-hand bottom corner, an FAQ page, and an online form.
Haven Life at a Glance
This insurance company offers an easy
online application process. The website is quite intuitive; you can easily
complete your insurance application in minutes. The company analyzes
applications fast; you might even get a response the same day you apply, and
the support service is always prompt. Haven Life doesn’t currently offer whole life
coverage, only term life insurance. Haven Life might not ask for medical exams.
However, the healthier you are, the better your chances of getting approved.
Physical Address
60 Madison Ave, 7th Floor
New York, NY 10010
Disclaimer
This website contains information about
various life insurance companies. It is designed to provide help and guidance.
Different details included in our revies, such as prices or insurance terms,
may change over time. The information provided on this website does not constitute
legal or professional advice, and our readers should not treat it as such.
Why We Chose Haven Life
We chose to review Haven Life because it is
currently one of the online insurance companies with the fastest application
and decision-making process. It offers higher coverage limits than many of its
competitors. This reliable company is backed by one of the oldest names in the
insurance industry, MassMutual.