Life insurance doesn’t sound like the most fun thing to look into in your spare time, but it’s so important.
Today we are going to go through our Haven Life review and see if it is a good fit for you.
We are pretty optimistic people in that not many of us walk around thinking that we are going to get hit by a bus this week.
Without getting too morbid here, it’s still important to talk about why life insurance is so important.
If something happens to you before your time, will your family be ok financially?
This is something that needs to be at the top of your list of things to sort out.
Let’s take a look at this Haven Life review:
Who is Haven Life?
Haven Life is a relatively new life insurance company. They started in 2015, but they are owned by MassMutual.
You may have heard of MassMutual as they have been going for over 160 years now!
So although Haven Life is more of a new kid on the block company, you know that they are backed by a company that has been around for a while.
We got a quote from Haven Life insurance, which we will look at in a bit.
Why Should I Purchase Life Insurance Through Haven Life?
If you haven’t got life insurance yet, this is something that you need to look at as soon as possible.
Unfortunately, it’s one of those items which gets further and further down our lists of things to do.
I’m sure the last thing any of us want to happen is for something to happen to us and our loved ones to struggle financially.
Making sure that your family is going to be looked after when you are gone, needs to be planned for with life insurance.
We highly recommend the In Case of Emergency Binder to make sure your family is prepared in emergencies.
What Does Haven Life Offer?
At this moment in time, Haven Life offers only term life insurance.
Term life insurance is life insurance that covers you for a specific amount of time.
The amount of time for this coverage is usually around 10, 15, 20, or 30 years. The coverage is for as much as $3 million.
This term life insurance will pay out a lump sum to your beneficiaries upon your death and is normally tax-free.
Click here to start your quick and easy application process to protect your family.
Our Haven Life Insurance Quote
The moment we found out Brittany was pregnant we knew that life insurance was a must.
We wanted to make sure our family was protected financially if god forbid something ever happened to us.
We wanted a company that was quick & easy to sign up for, has a good history, and was backed by a big name insurance company.
Boom! Haven Life came to the rescue. I honestly can’t believe how easy of a process it was.
The application took 10-15 minutes and we were both pre-approved for a 20 year, $500,000 term-life insurance plan for right around $20 per month.
The peace of mind that we instantly had knowing our family is safe is worth every penny.
Haven Life’s Application Process
Before you get started, you’re able to get an estimated rate by answering a few questions.
If you’re happy with that and ready to apply for a proper quote, you’ll need to click ‘Get Your Real Rate’ and start the process.
The application process is all done online, so be sure that you are happy to do this.
In your application, you will have to fill out the information on your personal health history, family health history, and lifestyle. This will be checked by third parties to make sure it’s all correct.
In order to apply for a Haven Life insurance policy you will have to fit the following criteria:
- U.S. resident
- Between 18 – 64 years old
- Not in active military or in the process
- Not intending to use the policy for business purposes
- Not planning to use the policy to replace another policy
On average it will take about 25 minutes to fill out the full application.
Haven Life Insurance FAQ’s
Let’s jump into some frequently asked questions about Haven Life:
Is Haven Life Affordable?
Yes, we think that Haven Life is affordable.
When it comes to signing to any new financial product, it’s always worth shopping around.
The amount will be different for everyone, so head on over to Haven to get a quote to see how much it is for you.
How Much Does Haven Life Insurance Cost?
The amount that your life insurance costs will depend on a variety of factors.
It will depend on things such as your age, health, and how long your life insurance term is for.
What is Haven Life Plus and Why Does it Matter?
Haven Life Plus are some additional benefits that they offer you after you purchase a policy with them.
These services either come as free or with a discount available. Please note that it is not available in Florida, New York, North Dakota, South Dakota, or Washington.
Services Included in Haven Life Plus:
- Trust & Will – This is an online service to create a legally valid will. This can be an individual or joint will and is free.
- Aaptiv – This is a fitness app with thousands of playlists. You can get a free subscription to this for a year.
- Timeshifter – This is a travel plan specifically for helping you to avoid jet lag. This is offered for free.
- LifeSite – This is an online vault for storing your important documents. This is free for you and 5 family members.
- Minute Clinic – You can get a 15% discount on some family health services within CVS Pharmacy and Target.
Who is Haven Life Protected Under?
Haven Life is protected under Mass Mutual. Mass Mutual is one of the oldest life insurers in the country.
This is great because it means you get the bonus of being with a modern company but protected by a long-standing one.
What is Medically Underwritten Term Life Insurance?
Medical underwriting is when an insurance company wants to know about your current state of health before they insure you.
They will ask you questions to find out things that may influence your future health.
The type of questions that they will ask will be things like your age, height, weight, medical history, and lifestyle choices.
You may have to go to a medical examination if they need clarification on anything.
After this, you will be placed in a life insurance underwriting class. Your underwriting class will determine how much your policy is.
Is it Possible to Get Coverage Without Taking a Medical Exam?
Most people will have to take a medical exam to progress through the application.
However, if you qualify for the InstantTerm process, you will not be required to take a medical exam.
The InstantTerm process is currently being offered to applicants who are up to 59 years old, healthy and with up to $1,000,000 in coverage.
Are there any other term life insurance companies I should consider?
If you’re worried about having to go through a medical exam or simply want to know what else is out there for you, we found a similar option with Bestow Life Insurance.
Bestow has competitive rates for term life insurance, and is ranked well right alongside Haven!
Want to know more? Check out our Bestow Review!
Is Haven Life Insurance For You?
Whether Haven Life insurance is for you depends on your personal circumstances.
You need to make sure that you are eligible to apply first e.g. are a U.S. citizen etc, but also look at your health problems.
If you have significant health problems e.g. diabetes, you may not be able to apply.
It’s worth getting a quote from them and seeing what they say. If you are happy with the amount then you can progress to getting a full quote.
Click here to start your quote and protect your family the way they should be.