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The best places to compare life insurance

Wondering how to compare life insurance prices? The answer is simple. Use this easy guide.

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When you’re shopping for life insurance, there are more options than ever before, which is both good and bad.

The wide variety of choices helps keep the current price of life insurance very low, but it also means it can be overwhelming trying to figure out what coverage to get, and from whom.

Use this simple guide to compare policies to find the life insurance coverage that’s right for you.

If you’re comparing whole life insurance policies …

If you plan on getting whole life insurance, a type of permanent life insurance policy that provides coverage for your entire life and includes a cash accumulation component known as the policy’s cash value that can grow over time, your best bet may be to find a good agent to compare whole life insurance policies.

Whole life insurance can be complicated and it’s wise to purchase it with the aid of a professional.

If you’re comparing term life insurance policies …

If you’re researching term life insurance, which gives you coverage for a fixed period of time (until your children are grown, for example, or until the mortgage is paid off), then all you need is the internet.

As it happens, the Haven Life website is an excellent place to start your search, even if you decide to get insurance elsewhere (find out why below). Here’s how to make your search as efficient and painless as possible.

Determine your term length and coverage amount

The first step is to choose the term length and coverage amount you want to get quotes for, such as a 20-year, $500,000 policy.

As you start to look at prices, you may decide you want a different coverage amount, but you should keep it consistent as you compare companies so you get a true sense of the cost differences between them.

If you’re not sure how much insurance you need, use the Haven Life’s term life insurance needs calculator to work it out. The calculator will help you figure out what coverage you need regardless of who you end up buying it from.

As you compare quotes, be sure to keep your health information the same – don’t enter it as “good” on one website, and “average” on another one, since that will affect the price.

Review life insurance company ratings

Once you know what term length and coverage amount you’re using to compare quotes, you will have to decide which insurers to consider.

Choose companies which look like they’ll be around for many years to come: If your policy lasts 20 years, it’s important that your life insurance company will still exist in that time. For example,

MassMutual, a well-capitalized life insurance company first established in 1851, is the parent company of Haven Life and the issuer of Haven Term policy.

Multiple ratings agencies exist to perform an analysis and render their opinion of a life insurance company’s financial strength and claims-paying ability. Ratings represent the opinion of the rating agency of the financial strength and ability to meet the contractual obligations of the company being rated, based on the rating agency’s independent analysis. A rating is not a guarantee of financial strength, but it can be considered an indicator.

Consider how easy it is to get a quote

How much information do you need to provide in order to get a quote? You shouldn’t need to give out more than a few details – such as age, gender, health, the state you reside in – to get an accurate quote for term life insurance coverage.

With Haven Life, you can give you a personalized quote online in minutes without asking for a lot of personal information. Remember that quotes are only estimates. Fortunately, it’s simple to apply online with Haven Life and get your personalized-to-you rate.

We have your back (and MassMutual has ours)

The Haven Term policy is issued by MassMutual, an industry leader with over 160 years of experience.

Why Haven Life

The best place to compare is the one you feel comfortable with

Really, that’s all there is to it. Some questions are best left to the professionals (Dr. Google is no substitute for an actual doctor), but term life insurance is one of those things you can figure out online, when it’s convenient for you.

There are a lot of insurers out there, and with a little research, you’re sure to find a policy that can help protect your family for a price you can afford.

It’s not just easier life insurance, it’s an easier life.

Learn about the perks that come with being a Haven Term policyholder.

Explore Haven Life Plus

Michael Davis is a freelance writer and editor who has covered everything from fashion and music to parenting, work, and finance. He has been a chef, restaurateur and record label owner.

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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 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.

Our disclosures

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.html

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