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Written by Chris Huntley |
![Chris Huntley](https://www.insuranceblogbychris.com/wp-content/uploads/2021<div class="e3lan e3lan-in-post1"></div>/06/Chris-Huntley.jpg)
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Reviewed by Rachael Brennan |
UPDATED: March 31, 2022
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Here’s Scoop
- Haven Life sells life insurance
- You can buy a Haven Simple plan without taking a medical examination
- Haven Life offers a fast quotation tool online
You can leave a legacy with a life insurance policy. However, there are so many life insurance companies to choose from that it can be difficult to decide which is best for your needs. But if you need a lot of coverage quickly, a Haven Life insurance policy may be just what you are looking for.
Continue reading this Haven Life review to learn more about the company and the coverage it can offer you.
What is Haven Life?
Haven Life was founded in 2014 and is headquartered in New York City. Haven Life is an innovative force in the insurance market and sells life insurance only online. MassMutual, or a MassMutual subsidiary, issues these policies.
You can reach Haven Life by calling 1-855-744-2836, via the company’s live chat feature or via the contact form on Haven Life’s website.
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What life insurance products does Haven Life offer?
Haven Life sells two insurance plans – Haven Term and Haven Simple. Let’s take a closer look at what these two are term life insurance Plans can offer you to decide which one best suits your coverage needs.
Haven Term
If you want to leave a legacy to your loved ones, the Haven Term policy can help you. Applicants can apply for up to $ 3 million in coverage and can choose to apply for the insurance for:
- 10 years
- 15 years
- 20 year
- 25 years
- 30 years
Keep in mind that people over 64 and members of the military are excluded from applying for a Haven Term life insurance policy. You must also have a medical examination to purchase this policy.
Haven Simple
The Haven Simple plan, a simplified problem policy, can be an excellent choice for people who do not want the hassle of undergoing a medical examination. Instead of filling out an intensive form regarding your medical history, you can quickly apply online to purchase up to $ 500,000 in coverage. Your Haven Simple policy may apply to:
- 5 years
- 10 years
- 15 years
- 20 year
You will get some questions about your weight and smoking habits, so remember to be honest when filling out your application.
Are Haven Life insurance products affordable?
Life insurance rates from Haven Life or any other company will always vary depending on personal characteristics. Although Haven Life boasts affordable rates, you can review life insurance samples by age here:
Prices for 20-year life insurance by age
| Age and sex | Good health | Average health |
|---|---|---|
| 20-year-old woman | 19 USD | 25 USD |
| 20-year-old man | 24 USD | 30 USD |
| 30-year-old woman | 19 USD | 26 USD |
| 30-year-old man | 24 USD | 31 USD |
| 40-year-old woman | 30 USD | 39 USD |
| 40-year-old man | 35 USD | 47 USD |
| 50-year-old woman | 64 USD | 84 USD |
| 50-year-old man | 82 USD | $ 113 |
| 60-year-old woman | 160 USD | 218 USD |
| 60-year-old man | 217 USD | $ 303 |
| 70-year-old woman | 625 USD | $ 756 |
| 70-year-old man | 891 USD | $ 1,066 |
As illustrated by the chart above, your prices may increase with age. So if you are applying for insurance at a younger age, you can buy insurance at a cheaper price.
Is it easy to get a quote from Haven Life?
Getting a quote from Haven Life is incredibly easy. You can use the quotation tool on Haven Life’s website to determine how much you can pay. Remember that your price may change when you apply for a Haven Term policy after undergoing your medical examination.
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Does Haven Life have a high rating?
Haven Life has been rated A + by the Better Business Bureau (BBB). And MassMutual, the company that draws on many of Haven Life’s policies, has an A ++ rating from AM Best. While you can always read free reviews of Haven Life insurance online, you can also use the data table below to discover how Haven Life compares to other life insurance companies:
Top 10 life insurance companies by rating
| AM best | Fitch | Moody’s | S&P | JD Power | |
|---|---|---|---|---|---|
| Northwest | A ++ | AAA | Aaa | AA + | 810 |
| New York Life | A ++ | AAA | Aaa | AA + | 770 |
| AARP | A ++ | AAA | Aaa | AA + | N / A |
| TIAA-CREF | A ++ | AAA | Aa1 | AA + | N / A |
| Guardian’s life | A ++ | AA + | Aa2 | AA + | 796 |
| Massachusetts Mutual | A ++ | AA + | Aa3 | AA + | 751 |
| Progressive | A + | AA | Aa2 | AA | N / A |
| USAA | A ++ | N / A | Aa1 | AA + | N / A |
| Columbus liv | A + | AA | Aa3 | AA- | N / A |
| Minnesota life | A + | AA | Aa3 | AA- | 739 |
As you can see, Haven Life really holds its own position when it comes to other major life insurance companies. This life insurance company has also received 4.6 / 5 stars out of 228 reviews on Google.
How can I apply for Haven Life insurance?
Filing a claim can be difficult with Haven Life, as there is no way to contact the claims department through the company’s website. Instead, beneficiaries who want to file a claim may need to call the main customer service to begin their claim process.
Haven Life Insurance: What You Need to Know
Haven Life offers two different types of insurance – Haven Term and Haven Simple. Both offer a lot of coverage with different time limits for you to choose from. As a younger company, Haven Life offers great online tools so you can get coverage quickly.
Unfortunately, if you are over 64 or in the military, you can not purchase a Haven Term policy. But if you are looking for a company that can provide coverage to seniors or individuals with high-risk jobs, you can shop online. Shopping online for insurance is the most effective way to find a company that can provide the coverage you need.
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