Simple Life Insurance: Haven's Peace Of Mind

Haven Life Insurance is a digital insurance agency founded in 2014. The company offered two types of term life insurance: Haven Simple and Haven Term. Haven Life was unique in that it offered a 100% digital buying experience, allowing customers to apply online and, if approved, start coverage immediately without a medical exam. Haven Life was a subsidiary of MassMutual, one of the oldest and most financially secure insurers in the country, which underwrote most policies. However, as of January 12, 2024, Haven Life is no longer accepting new life insurance applications, citing a lack of customer adoption and high costs associated with customer acquisition. Existing policies will continue to be serviced by MassMutual.

Haven Simple is a type of term life insurance that never requires a medical exam

Haven Life Insurance is no longer accepting new customers for its life insurance products. However, prior to this decision, it offered two types of term life insurance: Haven Simple and Haven Term.

Haven Simple is a simplified issue term life insurance policy, which means it follows an accelerated underwriting process that isn't as thorough as traditional life insurance. This results in a quicker coverage decision. Although applicants can be denied for medical reasons, such as a diagnosed condition that raises the risk of premature death, approved online applications qualify for immediate coverage without waiting for exam results.

Haven Simple offers a no-obligation free-look period, during which you can cancel without penalty, and an accelerated death benefit option. However, it does not include the Haven Life Plus rider, which offers additional benefits such as access to the Aaptiv fitness app and Trust & Will for online estate planning services.

Haven Simple premiums are modestly higher than Haven Term premiums. You can pay your premiums with a credit card or automatic bank debit. Haven Life's application process is entirely digital, making it a convenient option for those who want to handle their policies online.

Haven Life was established in 2014 and was a digital insurance agency. Its life insurance policies were issued by MassMutual, one of the oldest and most financially secure insurers in the country, and C.M. Life, a subsidiary of MassMutual. While Haven Life is no longer offering new policies, existing policies will continue to be serviced and administered by MassMutual.

Haven Simple is issued by C.M. Life Insurance Company, a subsidiary of MassMutual

Haven Life was an entirely digital life insurance company that offered two types of term life insurance: Haven Simple and Haven Term. Haven Life was established in 2014 but stopped selling life insurance policies as of January 12, 2024. The company cited a "lack of customer adoption" and "high costs associated with customer acquisition" as the primary reasons behind the decision to wind down its operations.

Haven Simple is a type of term life insurance policy that never requires a medical exam. It is issued by C.M. Life Insurance Company, a subsidiary of MassMutual, which is one of the oldest and most established insurers in the country. C.M. Life Insurance Company is a wholly-owned subsidiary of MassMutual and underwrites policies on the Haven Simple line.

Haven Simple offered a simplified issue term life insurance policy, which means it follows an accelerated underwriting process that isn't as thorough as traditional life insurance. This results in a coverage decision much more quickly. The application process for Haven Simple is entirely digital, and coverage can begin immediately upon approval.

Haven Simple was available to applicants between the ages of 20 and 55 in most states, with coverage amounts ranging from $25,000 to $1,000,000, depending on the applicant's age. The policy terms ranged from 5 to 20 years, with a 10-year term intermediate policy available.

Haven Simple also offered a no-obligation free-look period, during which customers could cancel without penalty, and an accelerated death benefit option. However, it is important to note that Haven Simple policies did not include the Haven Life Plus rider, which offered additional benefits such as access to the Aaptiv fitness app and online estate planning services.

Overall, Haven Simple provided a convenient and accessible option for individuals seeking term life insurance without the need for a medical exam. With its digital application process and immediate coverage upon approval, Haven Simple stood out as a straightforward and reliable choice for those seeking peace of mind and financial security for their loved ones.

Haven Simple is available to applicants between the ages of 20 and 55

Haven Life Insurance was a digital insurance agency founded in 2014. The company offered two types of term life insurance: Haven Simple and Haven Term. However, as of January 12, 2024, Haven Life is no longer accepting new customers for its life insurance products, and existing policies will be administered and serviced by its parent company, MassMutual.

Haven Simple is a simplified issue term life insurance policy issued by C.M. Life Insurance Company, a subsidiary of MassMutual. It is available to applicants between the ages of 20 and 55, with coverage amounts ranging from $25,000 to $1 million. The policy terms range from 5 to 20 years, with a 10-year intermediate option also available. Haven Simple is not available in Delaware, New York, North Dakota, or South Dakota.

The application process for Haven Simple is entirely digital and does not require a medical exam. This makes it a good option for applicants who need coverage quickly and are willing to pay higher premiums to avoid the uncertainty and hassle of medical underwriting. While applicants can be denied for medical reasons, approved online applications qualify for coverage immediately.

Haven Simple also offers a no-obligation free-look period, during which policyholders can cancel without penalty, and an accelerated death benefit option. However, it is important to note that Haven Simple policies do not include the Haven Life Plus rider, which offers additional benefits such as access to the Aaptiv fitness app and Trust and Will for online estate planning services.

Haven Simple's premiums are modestly higher than those of Haven Term. For example, a healthy 35-year-old woman buying a 20-year, $500,000 policy can expect to pay higher premiums for Haven Simple compared to Haven Term. Credit card payments and automatic bank debits are accepted as payment methods.

Overall, Haven Simple is a good option for individuals seeking a simplified issue term life insurance policy without the need for a medical exam. It offers coverage for individuals between the ages of 20 and 55, with flexible policy terms and coverage amounts. However, it is important to carefully consider the limitations, such as the absence of the Haven Life Plus rider and the maximum coverage amount of $1 million.

Haven Simple coverage ranges from $25,000 to $1 million

Haven Life Insurance offers two types of term life insurance: Haven Term and Haven Simple. Haven Simple is a simplified issue term life insurance policy issued by C.M. Life Insurance Company, a subsidiary of MassMutual. It offers a completely digital application process and does not require a medical exam, making it ideal for applicants who need coverage fast. The coverage amount for Haven Simple ranges from $25,000 to $1 million, depending on the applicant's age. The maximum term is 20 years, with options for 5, 10, 15, and 20-year terms.

Haven Simple is available to applicants between the ages of 20 and 55, except in Delaware, New York, North Dakota, or South Dakota. The coverage amount starts at $25,000 and can go up to $500,000. The premiums are modestly higher than Haven Term premiums, with the option to pay via credit card or automatic bank debit. Haven Simple also offers a no-obligation free-look period, during which you can cancel without penalty, and an accelerated death benefit option.

Haven Simple is a great option for those who want a simplified and fast process for obtaining life insurance. The coverage range of $25,000 to $1 million provides flexibility for individuals with varying needs and budgets. The digital application and absence of a medical exam make it convenient and accessible for those who want to secure coverage quickly.

Haven Life's parent company, MassMutual, is one of the oldest and most reputable insurers in the country. With an A++ rating from A.M. Best for financial strength and claims-paying ability, Haven Life offers dependable coverage. The company's commitment to treating customers as more than just policy numbers and striving to build meaningful connections further adds to the appeal of choosing Haven Simple.

Haven Simple policies are available for 5, 10, 15, and 20-year terms

Haven Simple is a type of term life insurance policy that never requires a medical exam. The coverage amount and term length purchased are subject to age eligibility. Haven Simple policies are available for 5, 10, 15, and 20-year terms, with coverage amounts ranging from $25,000 to $1,000,000. The availability of Haven Simple policies depends on the applicant's age and state of residence. Applicants between the ages of 20 and 55 are eligible for Haven Simple, but it is not available in Delaware, New York, North Dakota, or South Dakota.

The application process for Haven Simple is entirely digital, and coverage can begin immediately upon approval. The policy offers a no-obligation free-look period, during which the policyholder can cancel without penalty. Haven Simple also includes an accelerated death benefit option, which allows terminally ill policyholders to access a portion of their death benefit while still alive.

Haven Simple is a simplified issue term life insurance policy issued by C.M. Life Insurance Company, a subsidiary of MassMutual. Haven Life, the company that offered Haven Simple and Haven Term policies, is no longer accepting new customers for its life insurance products as of January 2024. However, existing policies will continue to be serviced and administered by MassMutual.

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