Haven Life Insurance Review & Complaints

Haven Life, an agency owned by Massachusetts Mutual Life Insurance Company (MassMutual), only sells term life insurance policies. Haven Life insurance rates start at $13.45 per month on average for a healthy 35-year-old male. This company does not use insurance agents and is instead based entirely online. Haven Life’s parent company, MassMutual, has an A++ A.M. Best financial rating.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Mar 23, 2021

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The Highlights

  • Owned and backed by the Massachusetts Mutual Life Insurance Company (MassMutual), Haven Life only sells term life insurance policies
  • On average, insurance rates cost $13.45 per month for a healthy 35-year-old male
  • Haven Life policies and riders may vary by state or not be available in all states

Haven Life, founded in 2014 by Yaron Ben-Zvi, only sells term life insurance policies online, without using agents. Haven Life insurance rates average $13.45 per month for a healthy 35-year-old male.

The Haven Life insurance company helps customers digitally purchase affordable life insurance policies online without traditional providers’ long waiting periods.

Below, we’ll compare products and rates and even look at the Haven Life insurance reviews and financial ratings from the top rating agencies.

Haven Life insurance quotes might not be available in every state; enter your ZIP code into our free tool above and see what life insurance providers are available near you.

What are the Haven Life insurance rates?

Haven Life sells term life insurance policies with rates averaging $13.45 per month for a healthy 35-year-old male. However, rates vary from person to person.

For example, your life insurance rates depend on various factors, including your age, gender, medical history, and even your occupation.

What health conditions affect life insurance? Pre-existing conditions such as cancer or high blood pressure will impact your life insurance rates.

The table below compares affordable Haven Life insurance costs for various term lengths organized by age and gender with a death benefit of $250,000.

Haven Life Average Monthly Term Insurance Rates by Gender and Age
Age (Years)10-Year Term Average Monthly Rates (Female)10-Year Term Average Monthly Rates (Male)20-Year Term Average Monthly Rates (Female)20-Year Term Average Monthly Rates (Male)30-Year Term Average Monthly Rates (Female)30-Year Term Average Monthly Rates (Male)
25$9.86$10.53$12.07$13.61$16.40$19.90
30$9.86$10.53$12.29$13.82$17.79$21.42
35 $9.86$10.62$12.95$14.27$20.00$23.30
40$12.07$13.17$16.91$19.55$27.26$31.89
45$16.26$18.01$23.74$29.47$39.15$48.51
50$21.54$25.72$34.53$43.45NANA
55 $30.79$40.47$52.14$68.00NANA
60 $48.09$65.77$84.07$117.32NANA
65 NANANANANANA
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If you decide to buy Haven Life insurance, young and healthy individuals will have no problem securing cheap rates.

You can quickly receive Haven Life insurance quotes on the company website using one of its many available quote tools.

The company does not employ agents but instead operates entirely through its website.

Customers can log in to the customer portal on the Haven Life website to manage policy information. You have as long as your state laws allow you to close out claims.

You cannot borrow money from Haven Life, nor do any of the policies pay dividends.

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What insurance products does Haven Life offer?

Haven Life only sells term life insurance policies, not whole life insurance.

Haven Term, the company’s flagship policy available nationwide, features coverage levels between $100,000 and $3 million, and a medical exam is often required.

You can purchase 10, 15, 20, or 30-year terms, and the payout is a tax-free lump sum. You must be between the ages of 18 and 65 to qualify for this type of coverage.

Additional features include an accelerated death benefit, Haven Life Plus riders, paperless processing, and level premiums.

Haven Life Plus provides customers with additional benefits, like creating a will online through TrustedWill, and access to LifeSite, a digital safety-deposit box. You also get MinuteClinic discounts.

Haven Life Plus is not available in Florida, New York, North Dakota, South Dakota, and Washington.

According to the company website, the term rates average $13.45 per month for a healthy 35-year-old male buying a 15-year term policy with a $250,000 death benefit.

The other available policy, Haven Simple, does not require a medical examination and can be purchased entirely online. Term lengths include 5, 10, or 15-year policies.

Haven Simple is not available in California, Delaware, South Dakota, North Dakota, or New York.

Coverage only reaches between $5,000 to $500,000 with the Haven Simple policy. The payout is also a tax-free lump sum.

You must be between the ages of 20 and 55 to qualify for this type of coverage.
Additional features include an accelerated death benefit, level premiums, and paperless processing.

On average, a healthy 35-year-old male purchasing a 15-year term policy with a $250,000 death benefit pays $15.75 per month for the Haven Simple coverage.

What are the Haven Life insurance ratings and reviews?

To better understand Haven Life’s reliability, let’s explore the company’s financial ratings and reviews.

The Better Business Bureau (BBB) accredited the company in 2016. The BBB gave it an A+ financial rating.

Owned by MassMutual, one of the biggest insurance providers in the nation in business for 160 years, Haven Life has only been around since 2014.

A.M. Best awarded MassMutual with an A++ for financial strength, the highest possible score. Therefore, you can trust that Haven Life can pay out your death benefit to your beneficiary if ever needed.

Customer reviews for MassMutual also lean positive. According to data from the National Association of Insurance Commissioners (NAIC), MassMutual’s complaint index is lower than average at 0.07.

That number means the company receives fewer complaints than average for a company of its size. Overall, Haven Life customers seem to be happy with their provider.

What is the history of Haven Life?

Founded in 2014, Yaron Ben-Zvi created Haven Life after struggling for weeks to get approved for a life insurance policy despite living in a modern, tech-savvy world.

It aims to provide a simplified application process and a faster approval time for people in need of coverage.

Technically, it is an online agency owned entirely by the company MassMutual.

An agency differs from a company in that the agency sells the insurance policy or product, whereas the company makes the actual product.

Haven Life, therefore, sells insurance products made by MassMutual. It is a captive agency because it works exclusively with MassMutual.

Despite its short history, Haven Life has the financial backing and strength of MassMutual, making it a reliable choice for those in need of term life insurance.

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Haven Life: The Bottom Line

If you’re young and healthy and in need of a term policy, Haven Life is a great company to add to your list for comparison shopping.

However, the insurance products offered are limited. For example, there are no whole policies. Age limits also prevent older applicants from being able to apply.

Does life insurance from Haven Life pay for suicidal death? Like most life insurance companies, it abides by the state laws depending on where the insured lived. The same goes for loss of life from a drug overdose.

If you are experiencing suicidal thoughts, help is available. Call any time of day for free, confidential support from the National Suicide Prevention Line at 800-273-8255.

Can you get life insurance from Haven Life if you have pre-existing medical conditions, such as cancer? According to the company website, you may not be approved, depending on the severity and diagnosis date.

If you are approved, expect your monthly premiums to be higher than the standard costs.

Overall, Haven Life is just one of many great life insurance providers that exist. Compare policies from multiple different companies to find your best prices.

Now that you’ve learned all about the Haven Life insurance company, start shopping; enter your ZIP code into our free quote tool below to receive real rates from the top providers in your area immediately.

Are you looking for free insurance quotes?

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