Online Life Insurance Companies

Haven life insurance review

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About Haven Life

  • Company address: 60 Madison Ave, 7th Floor, New York, NY 10010
  • Company website: https://havenlife.com/
  • Company email: support@havenlife.com
  • Company phone: 855-744-2836

Company background: Haven Life was founded by Yaron Ben-Zvi in 2014. Shortly after it launched, the company was bought by MassMutual, which saw the potential of direct-to-consumer insurance product distribution. MassMutual, which is more than 150 years old, is one of the biggest life insurers in the U.S.

Interesting tidbit: In 2021, Haven Life partnered with Lantern to give Haven Life customer access to Lantern’s end-of-life planning platform. Lantern helps people organize their “bucket list,” plan their own remembrance, and leave instructions for how they want their social media accounts handled after their deaths.

More details about Haven life insurance

Policies offered:

  • Life products offered: Term life

Other coverage:

  • Haven Term is not available in all states, but if you live in a state where you can purchase a policy, a program of living benefits called Haven Plus – which includes an online service for creating estate plans – is added to your Haven Term policy at no cost.

Rates:

  • A $250,000, 20-year Haven Term policy begins at $14.99 per month.

Insurance partners:

  • Haven Life is owned by Massachusetts Mutual Life Insurance Co. and provides coverage issued by MassMutual or its C.M. Life subsidiary.

Other details:

  • Ages and coverage limits: Haven Term offers 10-, 15-, 20-, 25- and 30-year-term policies up to $3 million for those under the age of 64. Those 60 to 64 can apply for as much as $1 million. Its Haven Simple, a type of life insurance that doesn’t require a medical exam, offers those ages 20 to 55 coverage of up to $500,000.
  • Waiting period: With some policies — such as Haven Simple, which doesn’t require a medical exam — coverage begins as soon as you e-sign and enter your payment information. In other cases — such as if a medical exam is required — it may take longer before your policy goes into effect.
  • Medical requirements: Haven Simple does not require a medical exam. A medical exam is likely required for Haven Term, but not needed in all cases.
  • Application time: All applications are completed online and are given an immediate (think 30 seconds) decision on coverage – either approved with no medical, approved pending medical, or, in a small number of cases, declined.

States where Haven Life is available

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States where Haven Life is available
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY
Available
Not available

Note: The company does business in all 50 states, but some products are not available in some states.

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