Introducing new pricing from Haven Term
And by “new,” we mean “more affordable.” Check out our new rates, and what they might mean for you.
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
|Age||Gender||Term Length||Face amount||Premium|
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.
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
|Age||Gender||Coverage||Haven Term||Industry Average||Change|
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.
About Louis Wilson
Louis Wilson is a freelance writer whose work has appeared in a wide array of publications, both online and in print. He often writes about travel, sports, popular culture, men’s fashion and grooming, and more. He lives in Austin, Texas, where he has developed an unbridled passion for breakfast tacos, with his wife and two children.Read more by Louis Wilson
Our editorial policy
MassMutual and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company are rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of June 15, 2021 and is subject to change. MassMutual has received other ratings from different rating agencies.
Our editorial policy
Haven Life is a customer centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Our content is created for educational purposes only. Haven Life does not endorse the companies, products, services or strategies discussed here, but we hope they can make your life a little less hard if they are a fit for your situation.
Haven Life is not authorized to give tax, legal or investment advice. This material is not intended to provide, and should not be relied on for tax, legal, or investment advice. Individuals are encouraged to seed advice from their own tax or legal counsel.
Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.
MassMutual is rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of Aril 1, 2020 and is subject to change. MassMutual has received different ratings from other rating agencies.
Haven Life Plus (Plus) is the marketing name for the Plus rider, which is included as part of the Haven Term policy and offers access to additional services and benefits at no cost or at a discount. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). For more information about Haven Life Plus, please visit: https://havenlife.com/plus
What our customers are saying
Nov 28, 2022
My experience with Haven Life has been…
My experience with Haven Life has been nothing short of fantastic from start to finish. After working tirelessly with brokers and getting quotes that were complicated to understand online, I found Haven Life and I am very pleased that I did. Haven Life's respectful and understandable approach to issuing something as important as life insurance and doing so in such a straightforward way is why I would recommend Haven Life to my loved ones and friends alike.
–Robert P.read more at
Nov 16, 2022
Easy and extremely important!
Excellent and very intuitive experience! Highly recommended!
–Julissaread more at
Oct 19, 2022
Term Life Insurance
Application was simple and received sizeable approval for term life insurance without a medical exam within 48 hours. Great follow up and easy process.
–mark gentileread more at
Sep 7, 2022
Easy Breezy Wanted to get this done for a while and this was the easiest experience I could find. I feel great knowing that there is some protection for my husband and likely dogs.
–Benjaminread more at
Sep 1, 2022
It was an easy process
It was an easy process. The turnaround was also feasible.
–Rachell Cordonread more at