Haven Life
Haven Life offers term life insurance policies through a digital platform, backed by MassMutual, with options that include Haven Term, Haven Simple, and Haven Secure.
Term Life Insurance Policies
Haven Life specializes in offering term life insurance policies issued by MassMutual or its subsidiary, C.M. Life. They provide a user-friendly digital platform to facilitate the purchase process. The company offers two main types of term life insurance: Haven Term and Haven Simple. Haven Term can provide coverage up to $3 million and generally requires a medical exam. Haven Simple offers up to $1 million in coverage with no medical exam required. These policies include features like level premiums, accelerated death benefits, and paperless processing for added convenience.
Haven Life's Digital Platform
Haven Life leverages a digital platform to streamline the purchase of term life insurance. Customers can quickly and easily obtain coverage online, reducing the complexity and paperwork traditionally associated with life insurance. This digital approach aligns with modern consumer preferences for convenience and efficiency, making it easier for individuals to secure their financial futures without the hassle of in-person appointments.
Additional Product Options
Beyond standard term life insurance policies, Haven Life offers a range of other products to provide comprehensive financial security. This includes Haven Secure, which provides a steady monthly payout to beneficiaries, and AgeUp, an annuity product that guarantees lifetime income if the policyholder reaches their 90s. While Haven Disability is no longer available, these other products expand Haven Life's ability to meet diverse financial planning needs.
Haven Life Plus Benefits
Haven Life Plus is an optional rider included with Haven Term policies, offering additional benefits that enhance value. This rider provides access to a digital will, a fitness app membership, and other supportive resources. These extra features are designed to add practical, everyday benefits that complement the financial security provided by the term life insurance policy.
Customer Satisfaction and Accessibility
Haven Life maintains a high level of customer satisfaction, evidenced by its Net Promoter Score of 77, which is significantly above the industry average. The company prioritizes accessibility on its website, ensuring compliance with the Americans with Disabilities Act (ADA) to cater to all users. Haven Life also operates a referral program, allowing customers to earn Amazon gift cards by recommending the company to friends and family.