Insurance Reviews

Haven Life Insurance Review: Easy & Affordable Life Insurance Cover

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If you’re looking to protect your loved ones financially in the event that the unexpected happens, then it is crucial that you consider the merits of a life insurance policy.

In doing so, your family and/or dependents will be able to retain the lifestyle that they enjoyed for the many years leading up to your death.

While the life insurance space is now extremely over-saturated, one such startup that is worth a closer look is that of Haven Life Insurance Agency.

Unlike the vast majority of insurance companies operating in the US – which typically offer highly complex insurance plans on a range of different areas, Haven Life specializes exclusively in life insurance.

Moreover, by purchasing a policy with Haven Life, you won’t be directed to third-party providers. On the contrary, you will only deal with Haven Life directly, which is a huge advantage.

If you’re interested to find out whether or not Haven Life is the right life insurance startup for you, then be sure to read our in-depth review. We’ll cover everything you need to know, such as how the platform works, who is eligible, what you are covered for, making a claim, and more!

Let’s begin by getting an overview of what Haven Life actually is.

Visit Haven Life

What is Haven Life?

Launched as recently as 2015, Haven Life is an online life insurance startup that offers plans to a number of demographics throughout the US.

All of its policies are backed by MassMutual, which is one of the most established life insurance companies in the US. However, this shouldn’t concern you, as you’ll only be dealing with Haven Life directly if you decide to proceed with a policy and thus – MassMutual is merely the underwriter.

Nevertheless, the platform offers a number of life insurance packages – with the specifics depending on your individual circumstances.

  • For example, if you’re aged 59 or less, you can take out a life insurance plan of up to $3 million.
  • Alternatively, if you’re aged between 60 and 64, then you’ll be able to apply for maximum coverage of $1 million.
  • Terms are available for up to 30 years, albeit, the maximum lifespan of the policy will again depend on your individual circumstances.

In order to clear the mist with pricing and the availability of policies, Haven Life offers a super useful life insurance calculator. This allows you to enter details surrounding your personal circumstances, such as your age, medical history, and financial standing. In doing so, you will be presented with a number of potential life insurance plans – alongside a rough quote.

Haven Life Website

What we really like about the Haven Life platform is that in some cases, you will not be required to undergo a medical exam. You will need to be aged 44 or under to qualify for this, and the decision is made on a case-by-case basis.

Moreover – and as we will discuss in more detail further down, Haven Life is popular with US consumers because of its highly competitive rates. Although its policies can vary quite wildly in the pricing department, the general consensus is that it is reasonably priced for those in a good standing of health.

So now that you have a general understanding of what Haven Life typically offers, we are now going to look at whether or not you are likely or be eligible for coverage.

Who is Eligible at Haven Life?

Before discussing the ins and outs of pricing and policy coverage, it is wise to first assess whether or not you will be suitable for Haven Life.

  • Let’s start with the basics. You need to be aged between 18 and 64 at the time of the application, and be a US resident.
  • You won’t be eligible if you are actively serving in the military (or due to enroll), and you can’t use your Haven Life policy for business purposes.

Crucially – and as is the case with most life insurance startups in the US, you might be turned away if you are considered to have significant health concerns. This is quite a subjective term, and it can even include medical issues such as diabetes – so if you have a pre-existing condition, Haven Life will need to make a case-by-case decision on whether you’re a fit for their policies.

Haven Life Pricing

There are no requirements regarding your location in the US, as Haven Life supports residents in all 50 states, plus the District of Columbia. It is also important to note that Haven Life does not allow you to purchase one of its policies as a means to replace an existing policy that you currently have.

Finally, Haven Life does not allow you to take coverage out on a loved one, such as a child or parent. On the contrary, you can only purchase life insurance for yourself.

If you think that you meet the minimum requirements outlined above, then we welcome you to move onto the next section of our review, which will unravel the platform’s application process in more detail.

Applying for a Life Insurance Policy at Haven Life

In order to gain a full birds-eye view of how the end-to-end coverage process works at Haven Life, we have outlined a step-by-step overview of the initial application.

Each section contains the specifics that you need to be made aware of before taking the plunge, so be sure to read through them all!

Step 1: Use the Policy Calculator to Estimate Your Rates & Eligibility

First and foremost, you will be asked to utilize the pre-application calculator. This is with the view of giving you a brief overview of whether or not you are suitable for life insurance at Haven Life, and if you are, how much you’ll likely pay.

At this stage of the process, you’ll need to enter details surrounding your age, income, family size, debt levels, and an overview of your medical history (including pre-existing conditions, if applicable).

The website has an easy to use calculator

If you like the look of what the life insurance calculator yields, proceed to the main application phase that is outlined in step 2.

Step 2: Complete the Application Process

While you will have already provided Haven Life with a wealth of information via the policy calculator, the official application process will require a lot more data from you.

  • Notably, this will center on your current lifestyle, your history with health and medication, and crucially – your family’s medical history.
  • You will also need to provide more information on your identity, such as your social security number and government-issued ID number (passport or driver’s license).

Moreover – and as is the case with virtually all life insurance  life insurance startup, Haven Life will need to have a full understanding of your financial standing.

This will include details surrounding your employment status, how much you earn, whether you own your home, and what debt obligations you currently hold.

Step 3: Assess Your Quote in Real-Time

Once you have provided Haven Life with the required data, they will then proceed to cross-reference your information with third-party sources. Unlike mainstream life insurance providers operating in the space, Haven Life strives to provide you with an instant decision and quote.

In order to achieve, the platform is supported by an AI-backed algorithm that has the capacity to underwrite your policy in an autonomous manner and thus – provide you with a near-instant decision.

In terms of the third-party sources utilized, this will include the likes of the Medical Information Bureau and DMV, which, if you didn’t already know, hold a significant amount of data on you.

Step 4: Temporary Coverage

If you are happy with the policy that has been offered to you, it is important to note that you might be required to undertake a physical exam. Although Haven Life notes that those under the age of 44 might not be required to do this, you won’t know whether or not this is required until your information is cross-referenced.

If you are required to undergo a physical exam, then Haven Life will offer you temporary coverage. This will cover you for up to 90 days, which is ample time for you to attend the medical. Once you do, Haven Life will then be able to give you a final quote on your policy – including what is and isn’t covered.

On the contrary, if you were not asked to undergo a physical exam, your final quote will have already been offered in real-time via the platform’s InstantTerm process.

So now that you know how the application process works, we are now going to explore what a Haven Life insurance policy typically looks like.

What Does a Haven Life Insurance Policy Look Like?

When you go through the initial application process, you will be offered a number of packages to choose from. In this respect ─ the two most important metrics to look out for is the length of the policy, and the amount that you are covered for.

Here’s the lowdown.

Policy Length

First and foremost, Haven Life does not offer indefinite, lifetime policies. Instead, you will need to choose a term that best fits your individual needs. Take note, the length of the time that you opt for will have a direct impact on the price that you are quoted, with longer terms typically costing more.

Nevertheless, you can choose a policy term of 10 years, 15 years, 20 years, or 30 years. Crucially, the 30-year policy is only available if you are aged 49 years are less.

Example Policies
Real example policies taken from the website

Coverage Amount

Just like in the case of the length of your policy, Haven Life will also give you the option of choosing how much you want your coverage to be worth. There will, of course, be limits in place as to how much you can take out.

This isn’t linked just to your age, but other key variables such as your lifestyle, historical relationship with health, and family history. Essentially, your limits will be based on the information that you provided during the application process.

Nevertheless, if you are aged below 60, the maximum coverage available is now $3 million. If you’re aged between 60 and 64 at the time of your application, then this is reduced to $1 million.

Making a Claim: What you Need to Know

Whether it’s insurance surrounding your car, home, cell phone, or travels – policies will always come jam-packed with key terms and conditions. While unraveling each and every term is beyond the remit of this article, what we will do is breakdown the fundamentals surrounding making a claim.

Notably – and as we noted earlier in our review, Haven Life insurance policies are backed by MassMutual. Here’s a snippet from the Haven Life FAQ section that requires a very quick explainer.

“Like most term life insurance policies, there is a two-year suicide and contestability period from the time coverage begins. This means that in the unfortunate event that an insured passes away during this period, the claim may be subject to additional review.”

In its most basic form, the ‘contestability period’ is a term used in the life insurance arena regarding the timing of the death. In the case of Haven Life, the contestability period is set at two years, meaning that the underlying issuer will all-but-certainly perform an enhanced investigation into the fundamentals surrounding the death if you pass away within this window.

This means that the issuer can refuse to settle the claim if, on the balance of probabilities, it believes the initial application was made without the policyholder declaring a pre-existing medical condition.

With that being said, Haven Life notes that in most cases, valid claims are paid out within 10 business days.

Making Your Premium Payments and Renewal

If you proceed to take out a life insurance policy from Haven Life, you will need to meet your premium payments each and every month. The amounts will always be fixed, and taken out of your account on the same day of each month. For example, if you applied for a $1 million policy across a 15-year term, and you were quoted $30 per month, then this is what you will pay for the entire 15-year term.

You will be required to set up an electronic debit agreement, which gives Haven Life the authority to take your monthly premium payments from your checking account automatically. At the end of your chosen life insurance term, you will then be given the option of renewing your agreement with Haven Life.

However, as you would have since aged and thus – now represent a higher risk for the underwriter, your premium payments are guaranteed to be higher. As such, if you are fortunate enough to be offered a well-priced plan at the time of your application, it might be worth opting for the longest term available.

Haven Life Insurance Review: The Verdict?

In summary, Haven Life is just one of thousands of US-based life insurance agencies. However, the platform does stand out for a number of reasons. Firstly, although the pricing structure available at the platform is not known until you provide your personal, financial, and medical details, the general consensus is that Haven Life is very competitive with its monthly premiums.

Secondly, we really like the fact that the end-to-end application process can be completed in a speedy manner. If you are in a clean bill of health and aged 44 years or less, then you might benefit from an instant decision – meaning that there is no requirement to attend a physical exam. Even if you are required to do this, you’ll still have the option of taking out temporary life insurance until the exam has been taken.

Finally, on top of having a wide spectrum as to who it deems eligible for cover, Haven Life gives you great flexibility in the plan that you opt for. For example, those aged below 60 can obtain a policy for up to $3 million, with policy terms ranging from 10-30 years. Even if you’re aged between 60 and 64, you can still obtain cover for up to $1 million, which is great.

Visit Haven Life

Haven Life


Ease of Use






Customer Support





  • Simple, Easy to Use Website
  • Backed by Mass Mutual
  • Fast Application Process
  • Medical Exam Not Required for All Applicants
  • Affordable Cover


  • Medical Exam Required for Some
  • Online Only
Kane Pepi

Kane holds a Bachelor's Degree in Accounting and Finance, a Master's Degree in Financial Investigation and he is currently engaged in a Doctorate - researching financial crime in the virtual economy. With a keen passion for research, he currently writes for a variety of publications within the Financial and Cryptocurrency industries.

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