Haven Life Reviews - What Is It?
DO NOT USE Haven Life!!! You Must Read This Review!
Fully Researched: Price, User Feedback and More!
Haven Life created is a company that made an affordable and easy option for purchasing term life insurance. The procedure takes place entirely online and requires just a few minutes. With its groundbreaking InstantTerm process, a lot of qualified applicants can even finalize their coverage with no need to pass a medical exam or to pay more for the convenience. The company is backed and wholly owned by MassMutual, a trusted life insurer that can boast a 160-year experience. A traditional process of purchasing life insurance can be time-consuming and confusing, but Haven Life's proprietary technology claims to help you buy fully medically underwritten term life policies. Haven Life focuses on making the process faster, easier, and better.
The whole process works over three basic steps. First, you will need to calculate how much insurance you need. Second, apply on the official website in less than 20 minutes and get an immediate approval with InstantTerm. Third, start your coverage. Healthy applicants are not required to pass a medical exam; all policies are backed by MassMutual and are written in plain language. The company offers up to ten times more comprehensive and affordable coverage due to its distinct differences in the business model. According to the official website of the company, the specialists will help you to determine your needs and select suitable policy.
Customer Reviews - Does Haven Life Really Work?
Haven Life was founded in 2015 after co-founder Yaron Ben-Zvi experienced frustration and long waits trying to get a life insurance policy when waiting for his first child. Before that, Yaron co-founded GoalMine.com and Coverpath, companies which helped employees to figure out how much life insurance they need. It is important to mention that Haven Life is only the company selling the policy. The coverage will be issued through MassMutual, a large health insurance policy writer who owns and backs Haven Life. It should be admitted that term life insurance offers coverage for a definite amount of time only and is intended to provide your family with funds if you pass away unexpectedly. In contrast to whole life insurance, this one provides lifelong coverage and gives you an opportunity to accumulate cash. Due to this structure, the client can benefit from term policies and the lowest annual premiums. So, term life insurance policies can be a wonderful choice for those who want to pay as little as possible, or only need coverage for a definite period. It should be remembered that, unlike whole policies, term life insurance premiums from Haven Life may increase as you get older. The price-to-coverage ratio might be perfect at first, but it might change as the years go by.
There are many different users' reviews on Haven Life online. As it was already mentioned, MassMutual has been in business for more than 160 years and, had an A++ rating at the time of writing. On TrustPilot, an average rating of Haven Life was 9.2 stars. We found 95 customer reviews, most of which had a positive character. Most compliments related to the efficiency, ease of use, competitive rates, and helpful support. However, there were few complaints which revolved around underwriting issues or service. Consumer Affairs contained many of the same compliments where Haven Life had an overall rating of four stars. There were some concerns too. Most customers claim that the process of getting insurance is very easy and relatively painless. It is much more stressful on other websites which tend to call and bother you quite often. To make the long story short, it is necessary to say that Haven Life has mostly positive online feedback from customers. Even when complaints appeared, the company tried to respond as quickly as possible to rectify the situation. However, it would be right to take a look at the actual users' reviews left online. Here are some of them.
"I will be 50 this year; I am a father to three children, and a husband to a fantastic woman. I have owned life insurance earlier, but I needed to secure new life insurance because I changed a jobs. I searched on the internet and found Haven Life, by Mass Mutual. It was the easiest thing to fill out an application online. The process started immediately and within several days I was approved for coverage. Before that I completed my medical exam and sent them the results online. The entire process was easy to understand, professional, and seamless. I would highly recommend the services of this country."
"For me the process of getting life insurance with HavenLife was efficient, simple, and convenient. It was not hard to complete the medical exam. In fact, you can have it done at home. I received a great premium for a twenty-year term policy. It is the best policy for my needs. I would definitely recommend the company. Thank you very much!"
"My husband and I recently had a baby and we needed to get term life insurance. We just went online and decided that the Havenlife would be a suitable option for us. They really made this process efficient and effortless. The online application process took just a few minutes. I got a quick response and perfect hand-holding from their customer service. Scheduling the physical was not difficult for me. I am pleased with my rate too. The representatives of the company are friendly, professional, and attentive. Their email correspondence always arrives in time. I would certainly recommend this company to my friends."
My Final Summary
Term life insurance has become a popular and necessary service in our busy and difficult life. That is why more and more people apply for this service today. Haven Life is probably the best insurance company that works online. Application procedure is not difficult and can be completed within several minutes in the comfort of your home. Usually clients receive approval in three or four days. So, if you are looking for a term life insurance policy that requires no medical examination and can provide coverage in less than 20 minutes, this company can be a wonderful option for you.
You can find a great number of positive users' testimonials about Haven Life online. People are happy that they can protective their life within a few minutes. The service presupposes an underwriting approach, some coverage limits, and certain pricing. It should be remembered though that, in some instances, the "no-exam" benefit won't work always, which might be the case when you need higher limits; you aren't in good health or are older. Taking into account all pros and cons of Haven Life I can certainly recommend this company.
Haven Life Pricing and Rates
Your insurance policy can vary depending on your risk factors that include your gender, age, current health, your unhealthy habits (smoking or drug abuse), policy length (between 10 and 30 years) and amount of coverage needed (between $100K and $1M). Thus, for example, if you are a 30-year old male in good health and you need insurance for a 20-year term, you are expected to pay about $11 ($100K coverage) and $48 ($1M coverage) per month. Smoking will add more to your payment!