Log In

Haven Life Insurance

Buy Now Leave a Review

Haven Life Insurance

Updated: Aug. 23, 2018

Ranked 5th of 10 life insurance with a Quid Score of 80.

Buy Now Leave a Review

Haven Life Insurance

Ranked 5th of 10 life insurance with a Quid Score of 80.

Product Details

Product Details

Ranks 5th overall.

Other Information
  • Online Quote: Yes
  • Other Features: A calculator on the website and mobile app can determine individual coverage needs
  • Smoking Policy: Separate smoker rate class
  • Customer Service System: Live chat, phone, email, FAQ
  • Medical Exam Requirement: Depends
  • Other Financial Services: No
  • Online Portal/Smartphone App: Online portal
  • Other Life Insurance Policies: No
  • Age Requirement at Time of Application: Yes - 18-64
Policy Information
  • Term Options: Yes - 10, 15, 20, or 30 years
  • Annual Premium: MALE: $165.96 - $283.56, FEMALE: $147.48 - $239.76 (based on monthly quote)
  • Face Value Policy: $100,000 - $2,000,000
  • Payment Frequency: Monthly
  • Fixed or Fluctuating Premium: Fixed
  • Riders/Supplementary Coverage: Yes - accelerated death benefit rider in every plan (in that case of terminal illness it can be accessed)
Key Product Information
  • Online Quote: Yes
  • Term Options: Yes - 10, 15, 20, or 30 years
  • Annual Premium: MALE: $165.96 - $283.56, FEMALE: $147.48 - $239.76 (based on monthly quote)
  • Face Value Policy: $100,000 - $2,000,000
  • Fixed or Fluctuating Premium: Fixed

Expert Rating: 89%

Ranks 1st among competitors.

Expert Rating: 89%

Ranks 1st among competitors.

Haven Life has speed on its side. It’s quick to approve most healthy applicants after they go through a fast sign up process. The company has a high financial strength rating, meaning that it’s very likely to pay claims, and offers affordable premiums. Its plans offer very limited add-on rider options, poor options for those with preexisting health conditions, and few coverage options for those over 65.

Full Expert Breakdown
  • Premium Rates - Below average
  • Agent Responsiveness - Above average
  • 24-Hour Telephone Support - No
  • Standout Incentive - No waiting and no medical exam (most of the time)
  • Financial Strength - Above average
  • Policy Options - Average
Notable Positives
  • Fast AI sign-up process
  • Great financial strength rating
  • Healthy applicants under 45 usually get quickly approved
  • Competitive premiums
  • Excellent customer service
Notable Negatives
  • Coverage maximum is $2,000,000
  • Doesn’t accommodate those with pre-existing medical conditions
  • Limited policy support/options for those over 65
  • Limited riders available
Full Expert Breakdown
  • Premium Rates - Below average
  • Agent Responsiveness - Above average
  • 24-Hour Telephone Support - No
  • Standout Incentive - No waiting and no medical exam (most of the time)
  • Financial Strength - Above average
  • Policy Options - Average

Customer Rating: 70%

Ranks 8th among competitors.

Customer Rating: 70%

Ranks 8th among competitors.

Customers like that Haven Life is easy to communicate with, and that its customer service is helpful. They don’t feel pressured by the salespeople. Some people miss the traditional agent interaction. While it is not explicitly written on the site, the company requires anyone over 45 to take a medical exam. Sometimes the approval process is delayed with little explanation.

Ideal for people:

Those who need a speedy life insurance plan approval and also those who want a straightforward, streamlined sign up process that doesn’t involve speaking to a broker.

Not ideal for people:

Those over 45 may not like that a medical exam is necessary for them, and those who like speaking to a live agent.

Notable Pros:
  • Easy to coordinate with
  • Timely quotes
  • Low premiums
  • Understandable and simple process
  • Helpful customer service
  • No pressure from salespeople
Notable Cons:
  • Process can become delayed for seemingly no reason
  • Some agent interaction would still be nice for guidance
  • Those over 45 must take a medical exam

Brand Score: 72%

Ranks 5th among competitors.

Brand Score: 72%

Ranks 5th among competitors.

Haven Life is an in-house startup that is backed and wholly owned by MassMutual Life Insurance Company. Haven Life was founded by Yaron Ben-Zvi in 2013. The company aims to provide customers with a totally online, streamlined process to getting life insurance coverage.

Heritage - 2/5

Yaron Ben-Zvi and his wife were expecting their first child and couldn't find a digital life insurance option. Protecting the financial future of families while being efficient is currently a crucial part of his mission. Ben-Zvi partnered with MassMutual in 2013 to launch Haven Life.

Innovation - 4/5

Haven Life was one of the first companies to offer an exclusively online term life insurance policy.

Reliability - 5/5

Haven Life customers can access support via the online FAQs page, email, phone, or live chat. They can also submit an online form.

Social Good - 3/5

The company has not adopted a philanthropic mission yet.

Relevance - 2/5

On social media, Haven Life reposts helpful articles from its blog related to financial management, risk prevention, and lifestyle decisions. The company fosters a casual, lighthearted social media persona by making jokes and engaging with media trends and news events of topical interest.

Retail: Best Price $261.66

Ranks 6th in value among competitors.

Retail: Best Price $261.66

Ranks 6th in value among competitors.

Customers who apply for an insurance quote online are required to fill out personal information and important health details. Haven’s online rate estimator provides an instant estimate. After a customer provides additional information, they will get a real rate.

Best Purchase Options
Haven Life - $261.66
Best Purchase Option
Haven Life - $261.66

Ranked by Quiddity

Related stories

Leave A Review

How would you rate this product?

Thanks for your review!

Back To Product

Subscribe to our newsletter.

Hello, friend.

Please enter a valid email address