We will try to share a comprehensive Haven Life Insurance review to help you in this article.
Haven Life Insurance Overview
Haven Life Insurance Company sells a term life insurance online. You can easily purchase this life insurance product in under 30 minutes.
Citizens who have not reached the age of 59 can apply for coverage up to $ 1 million without any medical examination. You can’t buy permanent life insurance from Haven Life Insurance Company. Because they do not offer such an option.
Haven Life policies are issued by MassMutual which is one of the reputable U.S. life insurers. Because MassMutual is Haven Life’s parent company.
Take a quick look:
- Sells term life insurance on the internet with a fast application process.
- If your conditions are ok, you do not need a medical exam.
- MassMutual is Haven Life’s parent company.
Haven Life Insurance Complaints
Haven Life policies have significantly reduced the number of complaints to state regulators since 2017 according to the data from the National Association of Insurance Commissioners.
J.D. POWER Rating And Consideration
According to a study among the 23 life insurance companies by J.D. Power, Haven Life Insurance (MassMutual) was number 10. This customer satisfaction survey was performed in different categories. Haven Life has scored an average in the 2018 U.S. Life Insurance Study.
Here are the results:
|Customer satisfaction category||MassMutual’s score|
|Overall satisfaction||“About average”|
|Billing and payment||“Better than most”|
|Policy offerings||“About average”|
How Can I Apply To Haven Life Insurance
Since Haven Life Insurance Company has a highly technological infrastructure and algorithm, it can quickly classify applications.
If you have good health and you are under the age of 59 can qualify for up to $1 million in coverage that starts right away. In addition, if you meet the necessary conditions, you may not need to go through a health check.
Medical examinations are requested from some applicants within 90 days. During this period, they provide you temporary insurance with an affordable fee. After your medical examination results are evaluated, if your application is approved, the amount you will pay for the life insurance is clarified.
Sometimes, due to medical exam results, Haven Life Insurance rejects your application. In this case, the company will refund the amount you paid. Refunds are still valid if you don’t want the offered insurance coverage because of your medical condition.
Haven Life doesn’t offer temporary coverage for some customers who need a medical exam before the exam results are in. These applicants have 30 days for taking a medical exam. After the company considers medical results, If they approve your application, your policy will become valid.
Other Advantages Of Haven Life Insurance
Haven Life has a special service called Haven Life Plus. This feature, which you can add to your insurance policy for free, gives you some benefits. Unfortunately, Haven Life Plus is not yet available in Florida, New York, North Dakota, South Dakota, and Washington. However, it would be best to learn about the current situation of the locations.
Some benefits of Haven Life Plus:
- A 15% saving on any single CVS MinuteClinic service.
- LifeSite, an online safe deposit box that you and the other five family members can use for free.
- A service provided by Trust & Will to create an online will.