— Feb. 22, 2023 —
Published in News Releases
on prnewswire.com
Haven Life is no longer in business. Existing policies will continue to be serviced by MassMutual.
Haven Life today announced a coverage increase of its no-medical Simplified Issue product, Haven Simple, from a maximum of $500,000 to $1,000,000. With this expansion, Haven Simple is closing the gap between the Haven Term policy which offers up to $3 million in coverage and requires a medical exam for most applicants, giving consumers more freedom to apply for the policy that best suits their needs and budget.
Being able to increase the Haven Simple coverage was an important mission for us this year. Taking time to get a medical exam and waiting for results represents a significant obstacle for some people and may actually prevent them from purchasing a life insurance policy. Giving consumers the option to opt out of a medical exam, fast issuance speeds, and improved coverage allows us to bring more American households closer to achieving their goals of financial security.
Ben Newland, Head of Product at Haven Life
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