Haven Life: Insuring Innovation For The Reporter's Life

Haven Life is a New York-based insurtech distributor that offers an easy way to buy high-quality, affordable term life insurance online. The company was launched in 2015 as a direct-to-consumer insurance agency with a modern online customer experience. Haven Life is backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). In 2021, Haven Life launched Haven Disability, a short-term disability income insurance product available through an entirely online application. Haven Life has also increased its maximum coverage amount to $3 million, aiming to better serve customers seeking affordable MassMutual-issued coverage. The company has partnered with various organizations, including Nolo, a consumer-friendly legal services provider, to increase the accessibility and affordability of life insurance. Haven Life has received multiple recognitions for its term life insurance solutions, including Best for Cost and Best for Quick Approval.

Haven Life's partnership with Nolo to increase accessibility and affordability of life insurance and legal expertise

Haven Life, a New York-based digital life insurance agency, has recently announced an exciting partnership with Nolo, a consumer-friendly legal services provider based in Berkeley, California. This collaboration is a strategic move by Haven Life to further its mission of increasing the accessibility and affordability of life insurance for all US households.

Haven Life, backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), is known for its innovative and customer-centric approach to life insurance. By partnering with Nolo, a company with over 50 years of legal experience and a network of 30,000 local attorneys, Haven Life gains access to a wealth of legal expertise. This partnership will enable Haven Life to provide valuable educational resources and self-service solutions to its customers, ensuring they can make informed decisions about life insurance and legal matters.

Wade Seward, Head of Partnership Distribution at Haven Life, commented on the partnership: "Haven Life is committed to making life insurance more convenient for how consumers want to do business today. Partnering with Nolo gives us the ability to reach consumers and business owners at the same time they are securing their legal matters." This statement highlights Haven Life's understanding that life insurance and legal matters are often intertwined, especially during pivotal life events.

The collaboration with Nolo is just one of several recent partnerships announced by Haven Life. The company has also joined forces with cloud-banking services provider Blend, online insurance marketplace Policygenius, veteran-founded agency Suriance, and Origin8, a fully online insurance agency. These partnerships demonstrate Haven Life's commitment to harnessing the power of digital solutions and human expertise to simplify the process of securing financial protection for loved ones.

Through its various initiatives and collaborations, Haven Life continues to disrupt the life insurance industry, making it more accessible, convenient, and affordable for consumers. By partnering with Nolo, Haven Life takes another step towards ensuring that individuals and families can easily obtain the financial protection they need, along with the legal expertise to navigate important life decisions with confidence.

Haven Life's launch of short-term disability insurance

Haven Life, a New York-based InsurTech distributor, has launched Haven Disability, a short-term disability income insurance product. The product is issued by MassMutual, a wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company. Haven Life is also backed and wholly owned by MassMutual.

Haven Disability is available through an entirely online application and offers financial protection for the 51 million American workers who don't have disability insurance. The streamlined digital application takes only minutes to complete, and customers receive an immediate decision on their coverage after submitting the application. The product is designed to benefit middle and lower-income families, covering their most important monthly expenses, such as rent or mortgage payments, when an earner becomes too ill or injured to work. According to Haven Life research, individuals are most likely (72%) to prioritize paying their monthly mortgage or rent, followed by groceries and utilities.

The global pandemic has heightened the need for financial protection, as many individuals contracted COVID-19 and were unable to work. Haven Disability covers illnesses such as COVID-19, allowing claims to be submitted as soon as 14 days after a disabling event. The product is affordable, with customers paying premiums monthly and the option to pay as little as $10 per month for their coverage. It also offers flexible terms, with customers choosing coverage options ranging from $500 to $5,000 per month for terms of 3, 6, or 12 months.

In addition to being directly available for purchase by consumers, Haven Disability is also distributed through partners. Any financial services organization can integrate Haven Disability into their experience, providing their customers with convenient and credible short-term disability coverage. Haven Disability is currently available for purchase in Texas, Massachusetts, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, Michigan, New Jersey, and Virginia, with availability expected in most states by the end of 2021.

The launch of Haven Disability aligns with Haven Life's mission to make life insurance simpler and more accessible. By offering this short-term disability insurance product, Haven Life provides financial peace of mind and helps individuals and families protect their income and loved ones in the event of an unexpected illness or injury.

Haven Life's increase in maximum coverage amount to $3 million

Haven Life, a New York-based InsurTech distributor backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), has increased its maximum coverage amount to $3 million. This strategic move aims to better serve customers seeking affordable, MassMutual-issued coverage online. The increase in the face amount from $2 million to $3 million was announced at InsureTech Connect 2018, with Haven Life's General Manager, John Latona, commenting that the company constantly looks for ways to improve and expand coverage offerings.

The increase in maximum coverage amount follows the launch of Haven Life Plus, a rider included in the Haven Term life insurance policy. Haven Life Plus addresses policyholders' concerns about living healthier and protected lives by offering no-cost or discounted benefits such as an online will service, a digital safe deposit box, and in-store family health services.

Haven Life's mission is to make life insurance simpler and more accessible. The company was born out of CEO Yaron Ben-Zvi's realisation that purchasing financial protection for his family was a challenging and time-consuming process. By launching as a direct-to-consumer online experience in 2015, Haven Life aimed to modernise the life insurance customer journey.

Haven Life's relationship with MassMutual has been integral to its success. As a wholly owned subsidiary, Haven Life benefits from MassMutual's credibility and financial stability, providing customers with peace of mind. Additionally, Haven Life's technology has helped power MassMutual's core end-to-end digital advisor platform, enabling the launch of new products and the seamless migration of legacy policies.

Haven Life's focus on innovation and accessibility is further demonstrated through its partnerships with companies like Nolo, a consumer-friendly legal services provider, and Origin8, a fully online insurance agency. These collaborations aim to increase the accessibility and affordability of life insurance and legal expertise, ultimately benefiting consumers.

Haven Life's collaboration with cloud-banking services provider Blend and online insurance marketplace Policygenius

Haven Life, a New York-based InsurTech distributor, has recently announced several new partnerships, including with cloud-banking services provider Blend and online insurance marketplace Policygenius. Haven Life is a direct-to-consumer insurance agency offering a modern online customer experience. It is backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual).

The collaboration with Blend and Policygenius is part of Haven Life's mission to increase the accessibility and affordability of life insurance for all US households. By partnering with Blend, a cloud-banking services provider, Haven Life can leverage digital solutions to streamline the insurance process and make it more convenient for consumers. Policygenius, as an online insurance marketplace, also shares this goal of making insurance more accessible and efficient through digital means.

Haven Life's CEO, Yaron Ben-Zvi, has emphasized the company's commitment to making life insurance simpler and more accessible. This is achieved through a direct-to-consumer online experience, removing the traditional time-consuming, paper-based process. The company's relationship with MassMutual provides the financial stability and credibility needed to offer term life insurance products.

In addition to its partnerships, Haven Life has also launched new products, such as Haven Disability, a short-term disability income insurance product available through an entirely online application. This product addresses the large market of American workers who lack disability insurance, especially benefiting middle and lower-income families. Haven Life continues to innovate and expand its offerings to make life insurance more accessible and convenient for consumers.

Haven Life's launch of Haven Secure Monthly Benefit Product

Haven Life, a New York-based InsurTech distributor, has launched Haven Secure Monthly Benefit Product. Haven Life is backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). Haven Life was born out of the idea that purchasing financial protection for one's family should be easier. The company's mission is to make life insurance simpler and more accessible by providing an easy, affordable, and dependable way to look after loved ones.

Haven Life offers an online calculator to help individuals estimate the right amount of coverage for their needs. The company has received multiple recognitions for its term life insurance solutions, including "Best for Cost", "Best No-Exam", "Best for Quick Approval", and "Best Term Life Insurance" overall. Haven Life's partnership with Nolo, a provider of consumer-friendly legal products, further demonstrates its commitment to increasing the accessibility and affordability of life insurance.

Haven Life's products include Haven Term, Haven Simple, AgeUp, and Haven Disability. Haven Disability, in particular, offers financial protection for American workers who don't have short-term disability insurance through their employers. It provides coverage for illnesses such as COVID-19 and allows claims to be submitted as soon as 14 days after a disabling event. Haven Disability is available for purchase in select states, with plans to expand to most states by the end of 2021.

Haven Life's relationship with MassMutual provides customers with the stability and peace of mind that comes with over 170 years of industry expertise. MassMutual has also played a crucial role in the development and distribution of Haven Life's products. As a separate entity, Haven Technologies, a software-as-a-service platform, powers the Haven Life customer experience and enables the seamless rollout of new products.

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