About Haven Life insurance Company
Haven Life is working as a registered insurance agency owned by MassMutual since 2015 and is currently operating in 42 states of the United States.
They offer term life insurance online that just takes about 25 minutes to be done. The applicants up to age 59 can go for the policy without medical exam for $1 million in coverage. They do not offer or sell permanent life insurance.
When they came in market?
The company came into existence when Yaron Ben-Zvi, the co-founder thought of purchasing life insurance for his family after his wife was expecting their first child. He went online for the solution but ended up with no-decision.
He thought of starting a new venture, Haven Life that can easily provide life insurance to the clients without difficulty on the online platform.
The company was created as a subsidiary of MassMutual in 2015 with its office in New York and having a job to sell term life policies.
What they offer as products?
Among term life insurance products Haven Life offers you Haven Life
Plus under which you get access to discounted services while protecting your life. Haven Life Plus is the marketing name for the Plus Rider which is part of Haven Term policy as a free feature.
They allow clients to build a strong relationship and trust with the company over the next 10, 20 or 30 years. Aside from just offering the protection, they have some great features in the policy;
• A fitness app Aaptiv to entertain you with music and some
• A legally valid online will.
• An app that prevents jet lag by combining neuroscience and sleep research.
• 15% discount on any single CVS MinuteClinic service.
• Get you an online safe deposit box service.
• Some other benefits are state-specific.
Their coverage starts right after one applies for it online but still needs a medical exam by a medical professional for some applicants within 90 days.
They do their job with algorithms in real-time providing the end decision on the client to take the coverage or not. The maximum coverage they have is $1million for 30 years.
In their term life policy, they also offer $3 million for adults under age 60 and $1 million for applicants age 60 to 64.
Why to go for them?
Haven Life addresses your needs in insurance plans using modern technology. They offer you an easy way to make the digital purchase of the term life insurance policy.
They have a diverse team of professionals who are committed to advise and help you understand the life insurance policy. They bring you the right choice for your family thus securing the future at affordable rates.
As they are backed by Massachusetts Mutual Life Insurance Company which holds the startup with its 160 years of market experience they are trustworthy. The company was also a finalist in an ACORD competition and has won the SMA Innovation in Action award.