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finder.com's rating: 4.5 / 5
★★★★★
20 to 64
Issue Age
$250,000 to $3,000,000
Coverage
No exams for some applicants
Medical Exam Required
We pulled 2021 sample quotes from Haven Life insurance online quote tool to get estimated monthly premiums for a $500,000, 20-year term life policy for a man and woman in great health. Haven Life’s rates trend on the cheaper side compared to the average cost of a policy of this size and length.
Age | Man | Woman |
---|---|---|
20 | $19.76 | $16.95 |
25 | $19.76 | $16.95 |
30 | $20.19 | $17.82 |
35 | $22.34 | $19.33 |
40 | $34.59 | $28.27 |
45 | $53.99 | $43.08 |
50 | $83.54 | $65.11 |
During Haven Life’s quote process we found that 20-year terms aren’t available for people over 50 years old. Most competitors allow people to select a 20-year term until at least 60 years old. So, if you’re over 50 and need a policy of this length, you’ll have to shop around.
Regardless of your Haven Life insurance quote, living a healthy lifestyle is the best way to get the lowest insurance rates. And best rates typically go to those who fall within a few health and history markers:
You can get a quote and sign up for a policy on the insurer’s website.
As part of the application, you’ll need to provide:
This company offers term life insurance only. It’s available in 10-, 15-, 20-, 30- and 35-year terms with coverage up to $3 million.
Policies are available for people 20 to 64 years old, though age limits for which term and coverage maximum you can select apply. Most applicants don’t need to take a medical exam, but Haven Life will let you know if they need further information during the application process.
(If term life insurance isn’t the right fit for you, the insurer’s parent company, MassMutual, has a much wider selection of products.)
Customize your coverage with a range of add-ons, including:
Haven Life has been accredited by the Better Business Bureau (BBB) since 2016, and holds an A+ rating for its customer interaction. Customers award the insurer 1 out of 5 stars, though this is only based on a handful of reviews. The BBB has recorded two complaints in the last three years, which is low for an insurance company and points to good customer service.
On TrustPilot, Haven Life has 4.7 out of 5 stars based on nearly 1,000 reviews. Most TrustPilot reviews praise the easy online application and approval process as well as the level of customer support they received.
There are currently no NAIC complaints with Haven Life in the consumer complaint database as of April 2021.
How do I purchase my Haven Life policy in person or by phone?
Haven Life is a fully online insurer. If you have questions, you can live chat with customer support or call 855-744-2836.
How do I file a life insurance claim with Haven Life?
You can only file a claim over the phone. These are the steps:
How do I convert my Haven Life term policy to a permanent policy?
Haven Life’s term life insurance policies don’t have a conversion feature — but you may be able to renew your current policy when it expires.
What’s the Haven Life Plus rider?
Marketed as a rider, the Haven Life Plus rider is actually not a rider at all and is instead a free, optional discount program for policyholders through Haven’s partners. It’s not available in all states.
You get discounted or free services at a few specific merchants, including online wills, fitness and sleep apps and clinics. The 2020 list of partners includes:
How does Haven Life protect my data?
Haven Life collects your personal information in order to respond to your questions and requests for services, verify your identity, tailor content and offers, and provide you with certain services. Haven Life doesn’t share your info with unaffiliated third parties without your consent.
Your data is kept safe with physical and electronic and safeguards. Haven Life even contractually requires service providers to protect your data and use it exclusively for the purpose of performing certain business functions on their behalf.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.
Haven Life is not currently available on Finder
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Review by
Katia Iervasi is a lead writer and spokesperson at NerdWallet and a former editor at Finder, specializing in insurance. Her writing and analysis on life, disability and health insurance has been featured in The Washington Post, Forbes, Yahoo, Entrepreneur, Best Company and FT Advisor. She holds a BA in communication from Australia's Griffith University.
If you’re in the market for term life insurance, Haven Life offers flexible, affordable policies online — and issues coverage within minutes for most applicants. The insurer also has a selection of riders, which is rare for insurtech companies that operate fully online, and has an excellent reputation for customer service.
However, it has strict underwriting guidelines that may prevent those with pre-existing health conditions from getting cheap rates. To explore other options — including permanent policies — compare life insurance companies.