Haven Life Insurance Comprehensive Review (2022)

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states.
After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insu…

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Reviewed by

Rachael Brennan

Licensed Insurance Agent

Rachael Brennan

UPDATED: Mar 31, 2022

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Here's the Scoop

  • Haven Life sells term life insurance
  • You can buy a Haven Simple plan without taking a medical exam
  • Haven Life offers a quick online quote tool

You can leave behind a legacy with a life insurance policy. However, there are so many life insurance companies to choose from that it can be difficult to determine which one is best for your needs. But if you need a lot of coverage quickly, a Haven Life insurance policy may be exactly what you’re seeking.

Continue reading this Haven Life review to learn more about the company and the coverage that it can offer you.

Table of Contents

What is Haven Life?

Founded in 2014, Haven Life is headquartered in New York City. An innovative force in the insurance marketplace, Haven Life sells life insurance policies solely online. MassMutual, or a MassMutual subsidiary, issues these policies.

You can reach out to Haven Life by calling 1-855-744-2836, through the company’s live chat feature, or via the contact form on the Haven Life website.

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What life insurance products does Haven Life offer?

Haven Life sells two insurance plans — Haven Term and Haven Simple. Let’s take a closer look at what these two term life insurance plans can offer you to determine which is a better fit for your coverage needs.

Haven Term

If you want to leave behind a legacy for your loved ones, the Haven Term policy can help. Applicants can apply for up to $3 million in coverage and can choose to have the policy run for:

  • 10 years
  • 15 years
  • 20 years
  • 25 years
  • 30 years

Bear in mind that people over 64 and members of the military are excluded from applying for a Haven Term life insurance policy. You will also need to take a medical exam in order to purchase this policy.

Haven Simple

The Haven Simple plan, a simplified issue policy, could be a great choice for individuals who don’t want the hassle of undergoing a medical exam. Instead of filling out an intensive form regarding your medical history, you can quickly apply online to purchase up to $500,000 in coverage. Your Haven Simple policy can last for:

  • 5 years
  • 10 years
  • 15 years
  • 20 years

You will be asked a few questions about your weight and smoking habits, so remember to be honest when completing your application.

Are Haven Life insurance products affordable?

Life insurance rates from Haven Life or any other company will always fluctuate depending on personal characteristics. While Haven Life boasts of affordable pricing, you can review term life insurance samples by age here:

20-Year Term Life Insurance Rates by Age

Age and Gender Good Health Average Health
20-year-old female $19 $25
20-year-old male $24 $30
30-year-old female $19 $26
30-year-old male $24 $31
40-year-old female $30 $39
40-year-old male $35 $47
50-year-old female $64 $84
50-year-old male $82 $113
60-year-old female $160 $218
60-year-old male $217 $303
70-year-old female $625 $756
70-year-old male $891 $1,066
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As illustrated by the chart above, your rates could increase with age. So if you apply for insurance at a younger age, you could purchase a policy at a cheaper rate.

Is it easy to get a quote from Haven Life?

Obtaining a quote from Haven Life is incredibly simple. You can use the quote tool on Haven Life’s website to determine how much you might pay. Remember that your rate may change when applying for a Haven Term policy after you undergo your medical exam.

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Is Haven Life highly rated?

Haven Life has earned an A+ rating from the Better Business Bureau (BBB). And MassMutual, the company that underwrites many of Haven Life’s policies, has an A++ rating from A.M. Best. While you can always read free Haven Life insurance reviews online, you can also use the data table below to discover how Haven Life compares to other life insurance companies:

Top 10 Life Insurance Companies By Ratings

  A.M. Best Fitch Moody's S&P J.D. Power
Northwestern A++ AAA Aaa AA+ 810
New York Life A++ AAA Aaa AA+ 770
Guardian Life A++ AA+ Aa2 AA+ 796
Massachusetts Mutual A++ AA+ Aa3 AA+ 751
Progressive A+ AA Aa2 AA N/A
USAA A++ N/A Aa1 AA+ N/A
Columbus Life A+ AA Aa3 AA- N/A
Minnesota Life A+ AA Aa3 AA- 739
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As you can see, Haven Life certainly hold its own when pitted against other major life insurance companies. This life insurance company has also earned 4.6/5 stars out of 228 reviews on Google.

How can I file a claim on a Haven Life insurance policy?

Filing a claim may be difficult with Haven Life, as there is no way to contact the claims department via the company website. Instead, beneficiaries seeking to file a claim may need to call the main customer service line to begin their claims process.

Haven Life Insurance: What You Need to Know

Haven Life offers two different types of term policies — Haven Term and Haven Simple. Both offer a great deal of coverage with various term limits for you to choose from. As a younger company, Haven Life offers great online tools so you can acquire coverage quickly.

Unfortunately, if you are over 64 or are in the military, you can’t purchase a Haven Term policy. However, if you’re looking for a company that can provide coverage to seniors or individuals with high-risk jobs, you can shop online. Shopping online for insurance is the most efficient way to find a company that can provide the coverage you need.