Haven Life Insurance Review

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Selecting the right life insurance provider can be challenging because of the large number of options available.

It can be downright overwhelming to try to narrow the options down to one.

When you factor in the lengthy application process most providers require, it can feel even more daunting.

Enter Haven Life, who, against all odds, makes life insurance easy.

Not only do they offer great customer service and competitive rates, but they have one of the fastest applications (and approval processes) around.

This Haven Life insurance review is a comprehensive guide to assist you as you decide whether or not Haven Life is right for you.

Quick Links

  1. History
  2. Ratings
  3. Products
  4. Sample Rates
  5. Summary

Our Haven Life Insurance Review for 2021

Haven Life Insurance Company logo

Haven Life’s origins are different from a lot of the best life insurance companies.

Whereas many of its top competitors opened their doors decades or even a century ago, Haven Life began doing business in 2014.

It all started when a young father named Yaron Ben-Svi set out to find life insurance for his family.

Unable to find a policy he could apply for online with a quick decision process, he decided to take action.

Haven Life was founded with speed and simplicity in mind, bringing innovation to the life insurance agency by providing quick affordable online life insurance.

If you’re concerned about the newness of Haven Life, there’s no need to be.

Haven Life is backed by MassMutual, one of the most reputable names in the life insurance industry.

MassMutual has been in business for over 160 years. Its ownership of Haven Life provides the emerging agency with the reputation of financial stability it needs.

In 2018, MassMutual paid out $5.3 billion in annuities and insurance.

MassMutual is known for more than its policies, being named by Ethisphere as one of the World’s Most Ethical Companies.

The company also earned a 100 on the Human Rights Campaign Corporate Equality Index, exemplifying its commitment to the people it serves.

Financial Strength and Ratings

In addition to the factors above, it’s helpful to look to a providers ratings to see just how viable it is.

Credit ratings judge a carrier’s likelihood of maintaining its financial obligations, which is vital to protecting your family with a life insurance policy.

Once again, we’ll take a look at MassMutual’s ratings in our assessment of Haven Life.

MassMutual has long maintained superior rankings from all four reporting bureaus.

They currently boast:

MassMutual’s ratings mean they, and consequently Haven Life, are most likely to pay claims as they initially agreed.

All four of these ratings indicate Massachusetts Mutual is one of the strongest and most secure life insurance companies in the United States, which bodes well for Haven Life.

Haven Life itself is accredited by the Better Business Bureau, who gives it an “A+” rating.

Products Offered by Haven Life

Haven Life sticks out because of their term life insurance policies, which have death benefits up to $3,000,000.

Haven Simple

Launched on November 4th of 2019, Haven Life’s new term life product, aptly named “Haven Simple,” grants some applicants up to $500,000 in life insurance death benefits with absolutely no medical exam requirements.

For the Haven Simple product, some applicants can purchase $25,000 to $500,000 of coverage, with zero medical requirements to apply.

This simplified term product, offered by C.M. Life Insurance Company (a subsidiary of MassMutual) offers a standard non-smoker and standard smoker rating for the following durations:

  • 10-, 15-, 20- and 30 years for those between 18 and 49
  • 10, 15-, and 30 years for those between 50 and 65

It’s not currently available in California, Delaware, Florida, New York, North Dakota, South Dakota.

Each applicant will also enjoy a complimentary rider, the Accelerated Death Benefit rider, which is included with all policies automatically.

Rates start as low as the mid-$20’s per month.

Term Life

Haven Life’s “InstantTerm” process uses a proprietary underwriting system to weigh the risk of insuring each customer and puts them in the best rate class for the evaluated risk.

Immediate coverage is available for most healthy individuals who meet a short list of qualifications.

If you don’t hit the criterion specified, you might have to go through the exam process.

They are one of the only companies, even among those who offer coverage without a medical exam, to provide such instantaneous results.

Their term life policies come with the following face amounts:

  • US citizens ages 18-59: $100,000 to $3 million
  • US citizens ages 60-64: $100,000 to $1 million
  • Non-US citizens ages 18-64: $100,000 to $1 million

You can opt for level-premium term lengths of 10, 15, 20, or 30 years.

Haven Life Plus

Haven Life offers another innovative product called Haven Life Plus, which is actually a rider that can be added to the term policy.

This rider includes:

  • Trust and Will: Normally a $129, this tool helps you make a will for you and your spouse and comes with a healthcare power of attorney and directives.
  • LifeSite: The online safe deposit box, which usually costs $80 and allows you to securely house, manage, and share documents with your loved ones, is yours free for a year.
  • CVS MinuteClinic discount: The rider comes with 15% off for your family at CVS’ MinuteClinic.
  • Aaptiv: You get a complimentary annual subscription to the popular fitness app.
  • TimeShifter: This innovative app helps you avoid jet lag with individualized travel plans.

All of these benefits won’t cost you a dime when you sign up.

Just note that Haven Life Plus isn’t available in Florida, New York, North Dakota, South Dakota, and Washington.

Additional Products

Haven Life Insurance provides some riders and additional features on top of their normal offerings:

  • Accelerated Death Benefit: At no additional cost, the accelerated death benefit allows you to receive up to 75% of your benefit before you die if you’re diagnosed with a terminal medical condition.
  • Waiver of Premium Rider: At a small additional cost, this waiver gives you a grace period in which you don’t have to pay your premium if you’re injured or otherwise can’t work for a period of time.
  • Free Look Period: Haven Life gives you ten days to review your policy after approval in which you can cancel and receive a complete refund.
  • Guaranteed Renewability: Haven Term comes with a guarantee that you can renew your coverage at the end of the term without more underwriting (with higher rates).

Check your rates with Haven Life right here:


How to Apply for Haven Life

As mentioned above, the agency uses an underwriting algorithm called InstantTerm to evaluate all applications.

The underwriting algorithm looks at your past health and life insurance applications, basic medical information (including prescription drug use), and motor vehicle records.

It then analyzes this data to put you into a rate class that dictates the price of the policy you qualify for.

One of the most important factors in the application process is your overall health.

Here are the three main options available for your personal health:

  • Average Health: You’re not in bad health, but maybe have high blood pressure or cholesterol levels (and possibly a history of other medical conditions). Weight may also be a concern.
  • Good Health: You’re in above-average health, but still struggle with slightly high blood pressure or cholesterol (and possibly a short history of other medical conditions).
  • Excellent Health: You have no medical conditions. You’re in the top 20% of Americans, health-wise, with normal cholesterol, blood pressure and BMI (body mass index).

Fill out the Haven Life Insurance application, and you’ll receive an immediate pricing decision.

Coverage will begin instantly after this pricing decision (for most applicants) without the need for the medical exam required by most other life insurance providers.

A small handful of individuals with less than stellar health will be required to get a medical exam and submit it for review.

Haven Life still seeks to expedite the application process for everyone and generally will make an offer within a few weeks.

What We Love About Haven Life

There’s a lot to admire about Haven Life Insurance.

Its many benefits are chief among the factors you should consider when looking at them.

These top benefits include:

  • Quick application process: The application takes most people less than 20 minutes to complete. Better yet, the entire application process can be completed online.
  • Instant online decision: Most life insurance companies require between 4 and 6 weeks for the underwriting process. Haven Life gives you an instant online decision.
  • Additional features: Haven Life knows the same basic policies aren’t right for everyone, so they offer a strong and extensive set of additional features, automatic bill payment, and a 10-day free look period.
  • Great reputation: Haven Life has a solid reputation. Not only that, but MassMutual, the company who underwrites them, boasts a great track record for over 100 years.
  • Excellent customer service: Haven Life nails customer service on the head. Representatives are easy to reach, friendly, and will point you in the right direction.
  • Easy access for more people: In 2018, Haven Life announced they would offer coverage to non-U.S. Citizens, which opens the doors to nearly 50 million people who otherwise wouldn’t be able to find life insurance from an American carrier.

The Lone Drawback to Haven Life

Haven Life does almost everything right.

There’s really only one shortcoming, which won’t affect most applicants anyway:

*Though, we do have to give Haven Life some credit here because this singularity of product is likely what allows them to offer the benefits they do, including the speedy decision.

Sample Rates

Haven Life makes it easier than many others to check your own rates, too.


Our Verdict

Haven life took first place among our best life insurance companies this year.

You can rest assured your family is protected by paying a small monthly premium for term life insurance coverage from Haven Life.

Though there are dozens of companies to choose from, Haven Life manages to stick out from the competition for anyone seeking fast, affordable term life insurance.

Haven Life sticks out primarily with their online application process that delivers near-immediate approval.

Their low rates and strong coverage make them even more worthy of consideration.

In short, Haven Life Insurance is a good option for those in at least average or above-average health.

Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. In NY, Haven Term is DTC-NY. In CA, Haven Term is DTC-CA. Our Agency license number in California is OK71922 and in Arkansas, 100139527 – Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527. – Haven Life Plus (Plus) is the marketing name for the Plus Rider which is included as part of the Haven Term policy. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). – Keep in mind that it’s always very important to be honest in the application process. The issuance of the policy or payment of benefits may depend upon the answers given in the application and their truthfulness. – Not all applicants will qualify for this ‘InstantTerm’ approval process and that Issuing the policy or paying its benefits depends on the applicant’s insurability, based on their answers to the health questions in the application, and their truthfulness. Issuing the policy or paying its benefits depends on the applicant’s insurability, based on their answers to the health questions in the application, and their truthfulness. Haven Simple is a Simplified Issue Term Life Insurance Policy (ICC20 HAVEN SIMPLE in certain states, including NC) issued by C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.

Haven Life Insurance Review

(855) 744-2836
60 Madison Ave., 7th Floor
New York, NY 10010

Company Name (and subsidiaries)

  • Massachusetts Mutual Life Insurance Company (MassMutual)
  • MassMutual Financial Group
  • C.M. Life Insurance Company
  • MML Bay State Life Insurance Company


Jason Fisher

Jason Fisher is the founder and CEO of BestLifeRates.org, LLC. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered.