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Haven Life

Haven Life Term Life Insurance Review

Haven Life’s online application with integrated accelerated underwriting is the fast track to getting you covered.

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We've been in the life insurance industry since 1990, and have helped our customers protect their families with over $22 billion in coverage. That's a lot of happy customers.

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Haven Life Company Overview

Location

New York, NY

Parent Company

Massachusetts Mutual Life Insurance Company

Established

2015

Employees

101

Location

New York, NY

Parent Company

Massachusetts Mutual Life Insurance Company

Established

2015

Employees

101

Haven Life Ratings & Awards

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A.M. BestBetter Business BureauJ.D. PowerMoody’sStandard & Poor’s
A++A+787Aa2AA+

Haven Life was established in 2015, and is owned by Massachusetts Mutual Life Insurance Company (MassMutual), a life insurance company with 160 years of industry experience. The ratings listed are for MassMutual as Haven Life has not been independently rated as of March 2018.

A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.

Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).

J.D. Power and Associates analyzes customers’ experiences with life insurance companies and ranks them on a scale from 1 to 1000.

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s rating scale ranges from Aaa to C with 1, 2, and 3 to indicate whether the ranking is on the higher or lower end of that category.

Standard and Poor’s (S&P) is the world’s leading provider of credit ratings and creditworthiness. S&P’s scale ranges from AAA to D with + or – to define standing within each category.

In 2017, Haven Life won Fintech’s Breakthrough Award for
Best Insurtech Solution.

How much life insurance do you need?

Figure out your action plan with our needs calculator

To stand out in a competitive industry, most insurers focus on serving health or lifestyle niches.

Haven Life is excellent for:

  • Accelerated Underwriting
  • Healthy Individuals

Policy limitations:

  • Cannot be converted to a permanent product.
  • Cannot be bought to replace an existing policy.
  • Cannot be bought by those on active military duty.
  • Cannot be bought to insure a business.

Haven Life’s accelerated underwriting is excellent for those with lower risk—if policy limitations don’t apply.

Haven Life Comparison Quotes

Haven Life Term

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CompanyMaleFemale
Age 30Age 40Age 50Age 60Age 70Age 30Age 40Age 50Age 60Age 70

AIG

$20.01$30.27$76.86$218.79$800.62$17.44$26.85$58.05$161.51$599.70

AXA

$26.53$37.65$79.54$230.88N/A$22.26$35.08$70.99$162.05N/A

Banner Life

$20.00$32.68$74.51$204.94$777.83$17.43$25.25$57.58$150.93$730.14

Haven Life

$20.17$30.58$76.00$207.66N/A$17.25$25.58$58.08$145.58N/A

John Hancock

$26.21$32.01$80.21$221.86N/A$23.61$27.26$66.91$178.76N/A

Lincoln Financial

$28.44$38.94$78.71$213.15$791.39$23.45$30.63$58.58$147.44$584.81

Minnesota Life

$22.42$31.18$87.12$235.40N/A$18.48$26.84$62.04$153.12N/A

Pacific Life

$20.19$30.26$75.22$207.36N/A$17.51$25.69$56.10$144.97N/A

Principal

$21.43$30.54$75.82$213.06N/A$18.52$25.81$57.58$147.79N/A

Protective

$20.00$28.74$75.24$203.75N/A$17.53$25.10$54.57$138.51N/A

Prudential

$33.25$41.56$83.56$250.25N/A$27.13$37.63$72.63$171.06N/A

SBLI

$21.32$34.97$87.00$286.85N/A$18.18$27.33$63.08$173.03N/A

United of Omaha

$21.22$33.47$83.78$240.41N/A$18.16$27.78$63.66$166.03N/A

US Life

$20.24$30.62$78.63$221.35$881.78$17.65$27.16$58.73$168.59$606.71

William Penn

$20.00$32.68$74.51$204.94$777.83$17.43$25.25$57.58$150.93$730.14

Sample monthly premium quotes for a $500,000, 20-year term policy for healthy, non-smoking individuals. Pricing varies by gender (except in Montana). Women pay less for life insurance than men because they live longer on average.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of March 2018.

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Haven Life Features & Benefits

What we like

  • Includes Accelerated Death Benefit Rider at no charge.
  • Some applicants may not need a medical exam—if they qualify for accelerated underwriting.
  • Your medical exam can be done at home or work.
  • You can review your medical exam results online.
  • You can manage your policy online.

What could be better

  • Cannot be bought to replace an existing policy.
  • Cannot be bought by those on active military duty.
  • Cannot be bought to insure a business.
  • Cannot be converted into a permanent policy.
  • Does not offer a Child Rider.
  • Credit card payments are not accepted.

Haven Life Policy Bonus

Haven Life offers protection beyond life insurance. If you have a policy through Haven Life, you will also have access to Haven Life Plus which provides benefits to help better your life.

You can create a legal will at no cost.

You can get an at-home DNA health test for $30 plus S&H (normally $99 plus S&H)

You get a subscription to a secure online safe deposit box at no cost.

You receive a 15% discount on any CVS MinuteClinic service.

Free subscription to a mobile app that connects you to 9-1-1 emergency dispatch services with the touch of a button.

Haven Life Policy Details

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Haven Term
Guaranteed level premiums?Yes
Term lengths available:10, 15, 20, 30*
Premiums returned at end of term?No
Riders available:Accelerated Death Benefit, Premium Waiver for Disability
Accumulates cash value?No
Policy loans available?No
Minimum issue age:18
Maximum issue age:65
Minimum face amount:$100,000
Missed payment grace period:30 days**

*10-year term available for ages 18-65; 15-year term available for ages 18-65; 20-year term available for ages 18-65; 30-year term available for ages 18-50.

**State of issue, payment mode, and draft date can affect the grace period end date. Your policy will state specifics.

» Compare: Term life insurance quotes

Haven Life Riders

Increase your policy’s benefits with riders

Accelerated Death Benefit Rider

*Included 

This rider is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit, if you are diagnosed with a terminal illness resulting in 12-24 months or less to live.

Premium Waiver for Disability

*Available at additional cost

Haven Life will waive premium payments during a period of total disability lasting six consecutive months or more. The waived payments don’t have to be paid back. This rider is not available on all policies and the cost varies by age.

Learn more

Wondering what types of riders are beneficial?

The Fine Print

Guidelines & Exclusions

Accelerated Underwriting

Haven Life offers an InstantTerm product that can provide immediate coverage for qualified applicants up to age 45. Technology is used to analyze your application to determine your eligibility. If underwriting determines that a medical exam is necessary, the lab test results may cause your policy price to increase or your application to be declined.

Haven Life Plus

  • Haven Life Plus is a rider and not available in Florida, New York, North Dakota, South Dakota and Washington.
  • Trust & Will is not currently available to residents of Washington, Missouri, or North Carolina.
  • TeloYears does not share your results or personal information with Haven Life or MassMutual.
  • LifeSite cannot see and does not share any of your personal information, or any of the documents you store, with Haven Life or MassMutual.
  • MinuteClinic discount cannot be used for items or services purchased with health or other insurance.
  • LifeLink is available to both Haven Term policyholders and non-policyholders and is not part of the Plus rider.

More term life insurance reviews

We recommend without hesitation every company reviewed on Quotacy. When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider. If you have any questions about the best life insurance companies for you, contact Quotacy. We'll gladly help you evaluate your life insurance options.

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