Haven Life is no longer in business. Existing policies will continue to be serviced by MassMutual.
How Much Does Life Insurance by Haven Life Cost?
If you’ve been researching life insurance rates and want to know how much Haven Life Insurance costs, you’re in the right place!
We’ve got sample quotes for you from $100,000 up to $1 million.
But, before we start… Please note that all Haven Life Insurance sample quotes shared in this article assume the best possible underwriting class. Not everyone will qualify for the best rate. Your actual results may vary and will be based on your…
- Age
- Gender
- Health History
- Rx Prescription History
- Family History
- Non-Smoker vs Smoker
- Driving History
- Hobbies / Habits
- Foreign Travel
Check out our full Review of Haven Life:
Have you had any first-hand experience with Haven? We’d like to hear about it…
Haven Pricing and Fees
If you qualify, Haven Life’s prices are some of the best in the industry. Getting quotes and buying life insurance on their website is easy and there are no hidden costs or fees other than the actual premium.
In other words, there is no service charge.
HOW MUCH DOES HAVEN TERM LIFE INSURANCE COST?
Backed by Mass Mutual Life, an industry leader for over 160 years, Haven term life insurance costs are relatively inexpensive compared to other leading carriers. (See Sample Quotes Below.)
If you are ages 18 to 59, you can get up to $3 million of coverage. Ages 60 to 64 you can get up to $1million. Traditional medical underwriting may be required. If you are 59 and younger, Instant Term offers up to $1million of instant non-medical life insurance by using algorithms instead of the traditional underwiring process.
Haven Term Simplified, issue ages 18 to 64 is a simplified issue term life insurance policy for up to $500,000 in coverage that can be purchased without a medical exam. The policy is issued by C.M Life Insurance Company, a subsidiary of MassMutual.
QUICK VIEW
- Product Name: Haven – Haven Term Simplified – Instant Term
- Face Amount: $100,000 to $3,000,000
- Issue Ages: 18 to 59 up to $3,000,000 – 60 to 64 up to $1,000,000. Not available after age 64
- Level Period: 10 ,15, 20, & 30 Years
HAVEN LIFE UNDERWRITING CLASSES
- Preferred Non-Tobacco
- Standard Non-Tobacco
- Preferred Tobacco
- Standard Tobacco
- Substandard Table Ratings
HAVEN LIFE ADDITIONAL RIDERS
- Haven Life Plus:
Free fitness app. + digital will & trust + secure online safe deposit box + MinuteClinic (15% discount voucher for family health services inside CVS Pharmacy and Target stores) - Accelerated Death Benefit:
Access a portion of your policy’s benefit early in the unfortunate event you become terminally ill - Wavier of Premium:
Waves premiums if you become disabled.
Conversion: Important!! You CANNOT convert any of Haven’s term life insurance polices to permanent life insurance. This can be a problem if you have a health change during the term period and are not eligible for new coverage after the term period expires. If this happens, you will not have any life insurance coverage once the Haven term life expires.
Pros and Cons of Haven Term Life Insurance
Pros
- Excellent prices compared to other leading carriers.
- Quick approval for up to $1,000,000 of coverage ages 18-59 using algorithmic underwriting
- Up to $500,000 of coverage without a medical exam
Cons
- Not available if you are 65 or older
- Only term. No permanent (Whole Life or Universal Life) available
- Not available as a replacement policy. Can not buy if new Haven policy is intended to replace a current older policy you have.
- Only available as personal insurance. No business cases allowed. (Keyman or Buysell etc.)
HAVEN LIFE SAMPLE MONTHLY QUOTES
Quotes assume Preferred Plus Underwriting Class. Actual prices may be different.
Monthly Term Life Insurance Quotes (Age 30 – Male)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $8.38 | $8.86 | $10.57 | $14.21 |
| $250,000 | $11.94 | $13.15 | $17.43 | $26.53 |
| $500,000 | $14.72 | $16.45 | $22.48 | $36.26 |
| $1,000,000 | $23.45 | $26.90 | $38.96 | $66.52 |
Monthly Term Life Insurance Quotes (Age 30 – Female)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $7.97 | $7.97 | $10.57 | $14.21 |
| $250,000 | $10.93 | $12.57 | $14.99 | $21.52 |
| $500,000 | $13.00 | $16.02 | $19.46 | $30.23 |
| $1,000,000 | $20.01 | $26.03 | $32.92 | $54.46 |
Monthly Term Life Insurance Quotes (Age 40 – Male)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $9.46 | $10.68 | $13.25 | $19.82 |
| $250,000 | $14.66 | $17.70 | $24.12 | $40.55 |
| $500,000 | $18.60 | $22.91 | $32.38 | $59.59 |
| $1,000,000 | $31.20 | $39.82 | $58.77 | $113.89 |
Monthly Term Life Insurance Quotes (Age 40 – Female)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $8.98 | $10.28 | $11.56 | $16.48 |
| $250,000 | $13.45 | $16.71 | $19.91 | $32.20 |
| $500,000 | $16.88 | $22.48 | $28.07 | $48.32 |
| $1,000,000 | $27.76 | $38.96 | $50.15 | $90.63 |
Monthly Term Life Insurance Quotes (Age 50 – Male)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $16.66 | $21.43 | $26.20 | N/A |
| $250,000 | $32.65 | $44.57 | $56.49 | N/A |
| $500,000 | $45.73 | $64.68 | $84.06 | N/A |
| $1,000,000 | $85.47 | $123.37 | $162.12 | N/A |
Monthly Term Life Insurance Quotes (Age 50 – Female)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $14.33 | $16.21 | $20.09 | N/A |
| $250,000 | $26.82 | $31.54 | $41.23 | N/A |
| $500,000 | $37.12 | $47.89 | $61.67 | N/A |
| $1,000,000 | $68.24 | $89.77 | $117.33 | N/A |
Monthly Term Life Insurance Quotes (Age 60 – Male)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $37.60 | $47.56 | $64.72 | N/A |
| $250,000 | $85.00 | $109.90 | $152.80 | N/A |
| $500,000 | $125.83 | $167.61 | $230.91 | N/A |
| $1,000,000 | $245.67 | $329.22 | $455.82 | N/A |
Monthly Term Life Insurance Quotes (Age 60 – Female)
| Coverage | 10 Year | 15 Year | 20 Year | 30 Year |
|---|---|---|---|---|
| $100,000 | $26.36 | $32.76 | $45.16 | N/A |
| $250,000 | $56.90 | $72.91 | $103.91 | N/A |
| $500,000 | $83.20 | $109.90 | $156.84 | N/A |
| $1,000,000 | $160.40 | $213.80 | $307.68 | N/A |
WHAT IS THE COST OF HAVEN GUARANTEED ISSUE WHOLE LIFE INSURANCE?
Haven Life only sells term life insurance.
WHAT IS THE PRICE FOR HAVEN UNIVERSAL LIFE INSURANCE?
Haven Life only sells term life insurance.
The Bottom Line
Haven only sells term life insurance.
Backed by Mass Mutual Life Insurance Company, Haven term life should be included as an option (if only for comparision purposes); if you are in the market for term life insurance… AND you are young enough and healthy enough to qualify.
However, Haven Life is not an option if you are age 65 or older OR in the market for permanent life insurance OR looking for more than $3 million coverage.
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