Haven Life is no longer in business. Existing policies will continue to be serviced by MassMutual.
Haven Life announced an increase to the maximum coverage amount available for the Haven Term policy.
The increase in face amount from $2 million to $3 million will better serve customers who are coming to Haven Life to secure affordable, MassMutual-issued coverage online.
Applicants up to 60 years old are eligible to apply now for a $3 million policy. For policies more than $1 million, a medical exam will be required to finalize coverage.
The exam takes about 20 minutes and can be scheduled at a convenient time that fits your schedule.
This announcement closely followed the unveiling of “Haven Life Plus Rider” which is an innovative rider included in the Haven Term life insurance policy that helps policyholders live healthier, fuller and more protected lives.
Through Plus, Haven Life customers have access to no-cost or discounted benefits including an online will service, a digital safe deposit box, and in-store family health services.
Haven Life Plus (Plus) is the marketing name for the Plus Rider which is included as part of the Haven Term policy.
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.
About Haven Life
Haven is a Direct-to-Consumer (D2C) Life Insurance platform, backed and wholly owned by MassMutual, that offers a simple online experience for buying high-quality and affordable coverage.
Haven Life Insurance Review – Pros & Cons – Frequently Asked Questions
Haven Life Plus Rider
A new offering was unveiled by online life insurance agency Haven Life provides customers with benefits beyond life insurance coverage. Haven Life Plus is an innovative rider to the Haven Term life insurance policy that helps policyholders live healthier, fuller and more protected lives.
In eligible states, a Haven Term policyholder can take advantage of the following services, which are included in the cost of the policy:
- A digital solution for creating legal wills for you and your partner at no charge. The service also includes a healthcare power of attorney and directives.
- A secure online safe deposit box for storing, managing and sharing your family’s important documents at no cost.
- A discount for an innovative and actionable at-home health test that determines how well you are aging (or not) based on the length of the protective caps on your DNA strands.
- A 15% discount voucher for family health services at MinuteClinic, inside CVS Pharmacy and Target stores
The Haven Life Plus rider is not currently available to residents of Florida, New York, North Dakota, South Dakota or Washington state.
WHAT IS A LIFE INSURANCE RIDER?
Life insurance riders are additional benefits that can be added to your policy so that it better suits your individual needs. Common riders include…
- accelerated death benefit
- living benefits
- waiver of premium
- convertibility
Riders may be available at an additional cost or may be included with the policy, or they may have fees when exercised. Certain conditions will apply to each rider.
The Haven Term policy offers the following riders…
- Haven Life Plus, accelerated death benefit
- Waiver of premium (Not available in all states)
Have you had any first-hand experience with Haven Life Insurance? Whether it was positive or negative, we’d like to hear about it…
Frequently Asked Questions About Haven Life Plus Rider
WHAT IS HAVEN LIFE PLUS?
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.
WHAT ADDITIONAL BENEFITS ARE OFFERED WITH HAVEN LIFE PLUS?
Policyholders in Plus-eligible states can access the following additional benefits and services:
- Trust & Will: A digital solution for creating legal wills for you and your partner at no charge.
- LifeSite: A secure online safe deposit box for storing, managing and sharing your family’s important documents at no cost.
- MinuteClinic: A 15% discount voucher for family health services at MinuteClinic, inside CVS Pharmacy and Target stores.
WHO IS HAVEN LIFE PLUS AVAILABLE TO?
Haven Term policyholders post free-look period. It is not available in all states. Check with Haven for the details.
WHERE CAN I ACCESS MY HAVEN LIFE PLUS SERVICES?
Haven Term policyholders, in an eligible state, can access their Plus promo code and additional benefits through their Account Centers.
IS THERE A TIME LIMIT ON WHEN I CAN UTILIZE MY HAVEN LIFE PLUS SERVICES?
No. As long as your Haven Term policy is active and has not lapsed, you can take advantage of any additional benefits offered with Haven Life Plus.
WILL HAVEN LIFE OR MASSMUTUAL SHARE ANY OF MY DATA WITH HAVEN LIFE PLUS PARTNERS?
No. Haven Life and MassMutual will not share your personal information with Haven Life Plus partners, and partners will not share personal information with Haven Life or MassMutual.
HOW CAN I VIEW MY HAVEN LIFE PLUS RIDER?
If you are in a Haven Life Plus eligible state, the rider can be viewed from a link in your Account Center.
CAN I REMOVE THE HAVEN LIFE PLUS RIDER FROM MY HAVEN TERM POLICY?
Yes. Haven Term policyholders may opt out of Haven Life Plus.
Summary
Haven Life Insurance Agency, LLC offers the type of life insurance most people need, term life insurance. Healthy individuals are eligible for instant approval, avoiding the need for a medical exam while still getting competitive rates. Even if your health isn’t the best, you can still qualify for medically underwritten term life insurance or stick with simplified issue, though it’s more expensive. Haven Life Insurance offers coverage from $100,000 to $3 million, from 10 years to 30 years in 30 minutes or less (not counting the medical exam).
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