Introducing new pricing from Haven Term

Haven Life is introducing new pricing for its medically underwritten term product, Haven Term, for eligible individuals, including those under the age of 45 and living in states other than California, Delaware, Florida, New York, North Dakota and South Dakota. And by “new pricing,” Haven Life means “more affordable pricing.” That’s right, the same great medically underwritten term life insurance offered by Haven Life is now more affordable for most applicants. (And it was already pretty darn affordable to begin with.)

Here, have a look:

Quotes for term life insurance

And while we think that, in many ways, the phrase “Here’s the same great product for a lower price” speaks for itself, we understand you might have questions. And, well, answering your pressing questions is sort of what we do. Here are some queries you might have, along with our answers.

So the pricing is new. What else is changing?

We’re happy to say, almost nothing. Customers will enjoy world-class customer support, the ability to apply online without any pressure or upselling and the peace of mind that comes from having their life insurance issued by an insurer you can trust. Haven Term will now be issued by MassMutual CA, DE, FL, NY, ND and SD, and its subsidiary C.M. Life in all other states. Both companies are rated by A.M. Best Company as A++ (Superior; Top Category of 15).

As for that almost, well, we did change some other things for term life policies issued by C.M. Life. Those include:

Extended free-look period

New policyholders will now have up to 30 days to cancel their policy at no obligation or cost to them.

Streamlined application

We’ve improved our already outstanding application experience to be even more simple and yes, even more beautifully designed. Applicants still receive an instant decision on their eligibility, and if a medical exam is needed, the customer may take it at a time and location that’s convenient.

New 25-year term length

To give customers more choices, Haven Term now includes a 25-year term length option for coverage, in addition to 10-, 15-, 20- and 30-year terms.

Convenient payment options (coming soon)

Policyholders can pay their Haven Term monthly premiums via credit card — feel free to rack up those reward points.

Waiver of premium now available (at an added cost)

In certain states, Haven Term customers will no longer have to pay monthly premiums if they become critically ill, seriously injured or disabled.

How does this compare to your competitors?

We’re so glad you asked. Here’s a chart that shows our pricing compared to industry averages:

Haven Term Pricing Advantage

Why now?

Much of the credit goes to the customers. We’ve been at this for six years now and in that time our customers have demonstrated that they are living healthier, more active lives, and that tells us we can continue to refine our pricing to match their lifestyles.

“Haven Life has been a leader in insurtech for six years now. During this time, we’ve streamlined our business while relentlessly focusing on making the life insurance experience as simple as possible,” said Yaron Ben-Zvi, Haven Life’s co-founder and CEO. “We’re proud to announce this change for Haven Term, since it will help make life insurance more modern, accessible and — most of all — affordable.”

We couldn’t say it any better ourselves. Find out what the new pricing might mean for you and your family, and how getting affordable term life insurance coverage is easier than ever, by getting a quote today.