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Haven Life insurance review 2021

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With this online life insurance company, you could get term life coverage in minutes.'s rating: 4 / 5


  • Get a quote if you want immediate online coverage.
  • Pick something else if you want whole life or customizable policies with riders.

18 to 64

Issue Age

$100,000 to $3,000,000


No exams for some applicants

Medical Exam Required


Policies Term
Coverage maximum $3,000,000
Term lengths 10, 15, 20, or 30 years
Medical exam required No exams for some applicants
Available states All 50 states
Issue age 18 - 64 years old


  • Simple application
  • Financially sound
  • Fast


  • Limited options
  • Strict underwriting
  • Online application only
Riders Accelerated death benefit rider
Conversion rider
Disability income benefit rider
Long-term-care rider
Return-of-premium rider
Waiver-of-premium rider

Expert review

Katia Iervasi

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

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.

Best of 2020
Finder experts pick Haven Life as a 2020 best brand for life insurance.

Haven life insurance rates

Like most providers, Haven Life analyzes your health and lifestyle to determine your rate. But with so many factors at play, it’s tough to estimate what your rate will be — unless you use Haven Life’s online quote tool. According to the insurer, premiums start as low as $7 a month for young, healthy applicants and remain unchanged over the term of your policy.

Regardless of your Haven Life 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:

  • Blood pressure. Your blood pressure should be between 90/60 and 130/85 to get the best rates from Haven Life.
  • Cholesterol. Life insurance providers measure your ratio of good to bad cholesterol and sometimes your overall cholesterol level when determining your rate. While Haven Life isn’t clear about its requirements, an overall level of 200 and an HDL ratio of 3.5 are good targets.
  • Family history. Family history may affect your risk level as an applicant, so you can get the best rates at Haven Life if none of your family has died from heart disease, vascular disease or cancer before age 65.
  • Tobacco. Tobacco and nicotine use greatly affect your overall health and life expectancy, so you’ll be excluded from the “Excellent” health class if you’ve smoked in the past five years.
  • Driving record. Generally speaking, insurance providers expect a clean driving record for the best rates without any major violations or DUIs. While Haven Life doesn’t mention its requirements, you generally have a better chance of lower rates with three or fewer violations in the past three years.

How do I get a quote for Haven life insurance?

You can get a quote and sign up for a policy on the insurer’s website.

    1. On the homepage, click Apply Now, and then Let’s begin.
    2. Answer basic questions about yourself and select the amount of coverage and term length you need. Then, click Calculate.
    3. You’ll be presented with an estimate of your monthly rate. If you’re happy with the price and you’d like to apply, click Continue.
    4. You’ll then need to create an account by entering your email address and choosing a password. Once you have an account, you can proceed to the application.
    5. The application requires answering an extensive list of questions about your health, medical history, lifestyle and occupation.
    6. Verify your email address and click Get my decision.
    7. Most applicants get an instant decision. If you need help at any time during the sign up process, you can use the live chat feature to communicate with a representative.
    8. If you’re approved, set up monthly auto-pay so you don’t miss a premium payment.

What info do I need to apply for Haven Life insurance?

As part of the application, you’ll need to provide:

  • Your contact info
  • Your Social Security number
  • Details about your income
  • Any risky behaviors or hobbies
  • Your family and personal medical history
  • Your beneficiaries
  • Information about how you’ll be paying your premiums

    What types of life insurance coverage does Haven Life offer?

    This company offers term life insurance only. It’s available in 10-, 15-, 20- and 30-year terms, and those aged 18 to 59 can get up to $1 million in coverage. 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.)

    What riders can I add to my life insurance policy?

    You can customize your coverage with a range of add-ons, including:

    • Accelerated death benefit rider. If you’re diagnosed with a terminal medical condition, you can access up to 75% of your death benefit before you die .
    • Disability income benefit rider. This rider pays out an additional benefit if you become disabled.
    • Long-term care rider. This rider allows you to pull money from your death benefit to pay for care expenses if you’re diagnosed as chronically ill.
    • Return-of-premium rider. This add-on reimburses a portion of your premiums if you outlive the term of your policy.

      Pros and cons of Haven Life insurance

      Haven Life is an innovative life insurance company with an easy online application and great customer reviews. However, it’s not ideal if you want to work with an agent or aren’t in perfect health.


      • Simple application. Haven Life’s fully-digital application process is a convenient way to shop for life insurance.
      • Financially sound. The insurer is backed by MassMutual, which has an A++ (Superior) rating with AM Best — meaning it’s capable of paying out claims.
      • Riders available. Unlike many insurtech companies, Haven Life allows policyholders to enhance their coverage with common riders.
      • Instant decisions for most applications. The platform can underwrite and issue policies immediately for healthy applicants.


      • Limited policy options. If you’re looking for a permanent policy or a larger variety of riders, you’ll need look elsewhere.
      • Strict underwriting standards. Haven Life has just three rate classes — as opposed to other insurers, who have a longer list of categories.
      • No online claims forms. Your beneficiaries will need to call the insurer to file a claim.
      Get quotes from Haven Life

        Haven Life reviews and complaints

        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. On TrustPilot, Haven Life has 4.8 out of 5 stars based on over 900 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 December 2020.

        AM Best financial rating A++
        BBB accredited Yes
        BBB rating A+
        1/5 out of 3 customer reviews
        Trustpilot score 4.8/5 out of 948 customer reviews
        Customer reviews verified as of 20 January 2021

        Compare life insurance companies like Haven Life

        Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
        21 - 60 years old
        10, 15, or 20 years
        Depends on policy
        No-exam term policies up to $1 million online, with the option to upgrade to permanent life insurance later.
        20 - 60 years old
        10, 15, 20, 25 or 30 years
        Depends on policy
        Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
        18 - 85 years old
        10, 15, 20, 25, 30 years
        Depends on provider and policy
        Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
        21 - 54 years old
        10 or 20 years
        Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
        Haven Life
        18 - 64 years old
        10, 15, 20, or 30 years
        No exams for some applicants
        Fill out a quick online application and get approval in minutes with up to $3 million in coverage.

        Compare up to 4 providers

        Frequently asked questions about Haven Life

        Life insurance ratings

        ★★★★★ — 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.

        Learn more about our methodology here.

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