Haven Life’s sophisticated technology analyzes various data including the health information provided in the application and additional external data you authorized us to collect to deliver a decision in minutes and let you know which process you qualify for. There are two main process options:

Option One: If you qualify for the InstantTerm process (currently offered to some qualified, healthy life insurance applicants up to age 59 and up to $1,000,000 in coverage), you will not be required to take a medical exam and full coverage can begin immediately. Although no medical exam may be required, please keep in mind that issuance of the policy or payment of benefits may depend upon the answers given in the application and the truthfulness of those answers.

Option Two: Based on your answers to questions in the application, you may be required to take a medical exam in order to finalize a decision. The exam typically takes less than 20 minutes and can be conducted at your home or office. Once the labs have processed your results and the underwriters have done a final check, you will usually receive an offer. This can take up to 7–10 days following your medical exam.

If you are declined for a Haven Term policy, we will try to notify you immediately.

In many cases, a medical exam will be needed to finalize coverage on a medically underwritten term life insurance policy. Often, you can still have temporary life insurance coverage while you wait for the medical exam results and a decision on your application. Once an application is submitted, you’ll be notified of whether or not a medical exam is needed to finalize your coverage.

Our no medical exam, InstantTerm process may be offered to eligible applicants up to age 59 who are applying for $1 million in coverage or less.

Note: it’s very important to be honest when completing the application. The issuance of the policy or payment of benefits depends on the applicant’s insurability, based on their answers to health questions in the application and their truthfulness.

Sometimes, when medical results and other records are put together, the underwriters determine that someone belongs in a different rate class than the one first applied for. This will either raise or lower premiums (your monthly rate) accordingly. Once your policy is issued, your rate will stay the same until the end of your policy’s term. If you would like an explanation behind changes in your premiums, please contact help@havenlife.com.

Haven Life Plus is a rider to the Haven Term policy (included in the cost of your policy) that provides policyholders with access to additional benefits that help them live healthily, live fully and live protected.

Learn more about Haven Life Plus