Haven Life Insurance: Your Ultimate Financial Safety Net

Haven Life Insurance is a digital insurance agency that offered term life insurance policies underwritten by its parent company, Massachusetts Mutual Life Insurance Company (MassMutual). Haven Life was founded in 2014 with the goal of making life insurance more accessible through a simplified online application process. While Haven Life is no longer accepting new customers, existing policies will continue to be serviced by MassMutual. Haven Life's term life insurance products included Haven Term and Haven Simple, catering to individuals seeking coverage amounts ranging from $25,000 to $3 million. The company's policies were well-regarded for their competitive rates, superior financial strength, and positive customer reviews.

Haven Life is no longer selling life insurance

Haven Life was founded in 2014 as a digital insurance agency, offering an easy and affordable way to buy high-quality term life insurance online. The company was backed and wholly owned by MassMutual, a leading insurance company that has been in operation since 1851.

Haven Life offered two types of term life insurance: Haven Simple and Haven Term. Haven Simple was a simplified issue life insurance policy, available to individuals between the ages of 20 and 55, with coverage of up to $1 million for terms ranging from 5 to 20 years. Haven Term was available to individuals up to the age of 64, with coverage of up to $3 million for terms ranging from 10 to 30 years. Haven Term policies included the Haven Life Plus rider, which provided additional benefits such as estate planning and end-of-life planning.

While Haven Life is no longer selling life insurance, consumers can still purchase coverage through MassMutual, which continues to offer its own life insurance products.

Existing policies will continue to be serviced by MassMutual

Haven Life is no longer accepting new applications for life insurance. However, existing policyholders need not worry about any changes to their current policies. Haven Life's parent company, MassMutual, and its subsidiary, C.M. Life, will continue to administer and service existing policies. This means that if you already have a Haven Life insurance policy, your policy will still be managed and serviced by MassMutual and C.M. Life.

MassMutual has assured customers that there will be no changes to existing policies, and they will continue to be administered and serviced by the company. This is important because it provides continuity and peace of mind for policyholders, ensuring that their insurance coverage remains intact.

Haven Life was known for its simple and accessible approach to life insurance, offering an easy way to buy high-quality, affordable term life insurance online. While Haven Life is no longer selling life insurance, its parent company, MassMutual, is still a trusted and reliable option for those seeking insurance products. MassMutual has a strong reputation and has received high ratings from credit agencies, including an A++ rating from S&P Global.

If you are an existing Haven Life policyholder, you can rest assured that your policy will continue to be serviced by MassMutual, providing you with the same level of protection and benefits that you had before. You can also reach out to MassMutual's customer support team for any queries or concerns regarding your policy.

Haven Life offered term life insurance and disability insurance

Haven Life, a digital life insurance agency, offered two types of term life insurance plans: Haven Term and Haven Simple. Haven Term was available to customers under 64 years of age nationwide and provided up to $3 million in coverage for 10, 15, 20, 25, or 30 years. Haven Simple, a simplified issue policy, did not require a medical exam and was available to individuals between 20 and 55 years old. It offered coverage between $25,000 and $500,000 for 5, 10, 15, or 20 years.

Haven Life also offered disability insurance to protect your income if you become disabled. This insurance helped provide financial peace of mind and protection for you and your loved ones.

Haven Life was founded in 2014 by Yaron Ben-Zvi with the goal of simplifying the process of purchasing life insurance. The company was backed and wholly owned by MassMutual, a leading insurance company, ensuring superior financial strength for its policies. Haven Life's term life insurance plans included the Haven Life Plus rider, which provided additional benefits such as estate planning, end-of-life planning, and subscriptions to fitness and travel apps.

Unfortunately, Haven Life stopped selling life insurance policies, including disability insurance, as of January 12, 2024. However, existing policies will continue to be serviced by MassMutual, ensuring no changes to the current policies.

Haven Life was founded in 2014 to simplify how life insurance is purchased

Haven Life was founded in 2014 by Yaron Ben-Zvi with the goal of simplifying how life insurance is purchased. The company offered an easy and affordable way to buy high-quality term life insurance online.

Haven Life was a digital life insurance agency backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), which has been in operation since 1851. All Haven Life policies were issued by MassMutual or its subsidiary, C.M. Life. This strong backing gave Haven Life superior financial strength, with high ratings from credit agencies such as S&P Global, Moody's, and AM Best.

Haven Life offered two term life insurance plans: Haven Term and Haven Simple. Haven Term was available to customers under 64 years old, with coverage of up to $3 million and terms ranging from 10 to 30 years. Haven Simple, a simplified issue policy, did not require a medical exam and offered coverage of up to $500,000 or $1 million, depending on the source, for individuals between 20 and 55 years old. It was available in terms of 5, 10, 15, or 20 years.

In addition to its term life insurance products, Haven Life also provided disability income insurance and annuities to help protect individuals and their loved ones financially.

However, as of December 2023, Haven Life stopped selling life insurance policies, disability insurance, and annuity products. Existing policyholders can rest assured that their policies will continue to be serviced and administered by MassMutual or C.M. Life, with no changes to their existing coverage.

Haven Life offered two term life plans: Haven Term and Haven Simple

Haven Term is traditional term life insurance coverage. Applicants apply online and take an in-person medical exam to determine eligibility. If approved, the applicant receives coverage for a set amount of time: 10, 15, 20, 25, or 30 years. The monthly premium payment is determined by the coverage amount, term length, and the applicant's general level of health. Haven Term is Haven Life's flagship offering and includes the Haven Plus bonus rider, which features benefits such as an online will service and a subscription to a fitness app.

Haven Simple is also term life insurance coverage but does not require a medical exam. This limits the coverage amount and term length but offers convenience and immediacy. Applicants provide information about their health and medical history and receive a coverage decision within minutes. If approved, coverage begins immediately. Haven Simple offers coverage amounts ranging from $25,000 to $1 million and term lengths of up to 20 years.

Both Haven Term and Haven Simple offer level term premiums, which means monthly rates stay the same throughout the life of the policy.

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