News

Haven Life insurance review 2023

Haven Life insurance review 2023

gettyimages-1192887379.jpg
Haven Life provides term life insurance with affordable premiums and fast approval times.

Getty Images


Life insurance provides a financial safety net for your loved ones if the unfortunate happens and you suddenly pass. A sound insurance policy provides a death benefit to your beneficiaries with enough funds to replace your income for a period for those who depend on it. Ideally, life insurance should cover your burial expenses, debts and financial obligations your beneficiaries will face after you die.

Some people avoid buying life insurance because the process can seem overwhelming or too complicated. Haven Life is a life insurance provider changing that perception by providing an easy online application process and fast approval times, often the same day you apply.

But should you consider Haven Life to protect your loved ones financially? This Haven Life life insurance review will examine the company’s costs, benefits and downsides, and coverage details to help you determine if a policy meets your needs.

Start by getting a free price quote so you know exactly what a policy would cost.

Haven Life overview

Haven Life is a digital insurance company that launched in 2014, but its policies are issued by MassMutual or its subsidiary C.M. Life Insurance Company. For its part, MassMutual has issued insurance policies since 1851, demonstrating the stability you want to see in your life insurance company.

Many insurance companies sell a wide variety of life insurance policies, including permanent insurance policies like whole life insurance. However, Haven Life only offers term life insurance, the most simple and popular type of life insurance.

Generally speaking, term life insurance provides affordable coverage that insures you for a period, most commonly for 20 years. Haven Life offers two term life plans: Haven Term and Haven Simple.

  • Haven Term: If you’re below age 64, you can select a term of 10, 15, 20, 25 or 30 years with a tax-free lump-sum death benefit of up to $3 million. When you enroll, you’ll answer several health-related questions, and depending on your answers, you may be required to take a medical exam.
  • Haven Simple: You don’t have to undergo a medical exam to qualify for this policy. Coverage is restricted to those between the ages of 20 and 55. You can create a policy with a coverage amount ranging from $25,000 to $500,000 and…

Click Here to Read the Full Original Article at Home – CBSNews.com…