Haven Term Life

As low as $8/mo





Customer Service




User Experience



  • Affordable rates
  • Long-term coverage offered
  • Quick & easy application
  • Above average coverage limits


  • Requires medical exam for lowest rates
  • No short-term coverage offered
  • Limited policy options
  • Only available to healthy individuals
Disclosure: We scrutinize our research, ratings and reviews using strict editorial integrity. In full transparency, this site may receive compensation from partners listed through affiliate partnerships, though this does not affect our ratings. Learn more about how we make money by visiting our advertiser disclosure.

While not many enjoy thinking about their own mortality, life insurance still represents a major financial decision you should consider.  In fact, life insurance acts as a cornerstone piece for a sound financial plan. Purchasing the right policy for your needs can help you protect your loved ones from the financial risk that might arise with your passing.

Life insurance provides death benefits which can cover any financial needs, including final expenses like burial or cremation, paying off a mortgage or student loans or any other types of debt which need to be managed. Depending on the beneficiaries’ needs, some choose to use life insurance to replace the deceased’s income in order to maintain the same lifestyle without financial hardship.

Haven Life offers a streamlined purchasing experience for term life insurance and is backed and wholly owned by MassMutual, a company which has served the public since 1851.  MassMutual offers a wide variety of financial products including retirement investing, whole and term life insurance, investment services and other financial planning services.  

Unlike MassMutual, however, Haven Life only offers term life insurance through a digital buying experience.  Should you have a need for permanent life insurance, you might consider working with MassMutual to meet them.

This Haven Life review the term life insurance coverage offered by the agency, as well as the cost and process for getting coverage. Do not forget to compare Haven Life against other online life insurance companies.

And also be sure to understand whether term life insurance is worth it as a financial planning tool.

Haven Term Policy Options

Products offeredTerm life insurance.
Term options10, 15, 20 and 30 years.
Age availability18 to 64.
Coverage range$100,000 - $3,000,000 (depending on product: Haven Term vs. Haven Term Simplified).
Medical exam required?A medical exam may not be needed for eligible applicants applying for up to $1,000,000 in coverage. Once an application is submitted, you will find out if a medical exam is needed to finalize your rate.
Can be denied for coverage?Yes.
Available inAll states except CA, DE, FL, ND, NY, and SD.
Riders and features offeredAccelerated death benefit (no additional cost), waiver of premium (added cost), and Haven Life Plus, a rider that gives customers in eligible states access to no additional cost benefits like an online legal will or a yearlong fitness app subscription.

What is Haven Life?

A common theme among the online life insurance innovators reviewed on this site is creating buying experiences that don’t need a medical exam. The Haven Term policy features a streamlined application process, taking anywhere from 10 – 30 minutes depending on how detailed your medical history is and also allows some qualified applicants up to age 59 and who are applying for up to $1,000,000 potentially skip the medical exam. 

MassMutual, owner of Haven Life, issues the company’s policies.  MassMutual stands as one of the largest U.S. life insurers, providing superior financial security given its scale and diversity. 

For those who do not want to take a medical exam, Haven Life offers Haven Term Simplified (i.e., no medical exam) — a 100% no medical exam term life insurance policy, which is available in coverage amounts up to $500,000. As with all 100% no exam policies, Haven Term Simplified will have higher rates compared to a medically underwritten rates (Haven Term).

Life insurance medical exams act as valuable assessments of insurability risk. The more detailed information you can provide to an insurer, the less risk the insurer takes on and the more affordable pricing can be.

If you express a willingness to submit to a medical exam, you may potentially qualify for a Haven Term policy at a better rate (and you might not need to take a medical exam).

As for product offerings cited here and with other insurers reviewed, Haven Life does not sell permanent life insurance.  For its term life insurance products, while the company’s online application takes slightly more time than others listed here, Haven Life tends to offer extremely competitive rates to make up for the extra commitment.

In particular, Haven Life offers term life insurance for adults aged 59 and younger for up to $3,000,000. For those in the 60 to 64 age bracket, you can apply for a $1,000,000 term life insurance policy.


How Haven Life Compares

See how Haven Life compares against the other online life insurance agencies in the market.  Have a look at each review by clicking on the relevant links below to learn which might lead to your best policy.

Best Online Life Insurance Agencies - 2020

BestowHaven LifeFabricEthos
bestow life insurancehaven life insurance logo 1fabric life insurance
ethos life insurance
Products offered?Term life insurance only.Term life insurance only.Term life insurance and accidental death.Term life insurance.
Term options10 and 20 years.10, 15, 20 and 30 years.10, 15 and 20 years.10, 15, 20 and 30 years.
Age AvailabilityFor 20-year policies, 21 to 45 (21 to 43 for male tobacco users); for 10-year policies, 21 to 54.18 to 64.18 to 60.18 to 75.
Coverage amount availableUp to $1,000,000 for 10- and 20-year terms.$100,000 up to $3,000,000.$100,000 up to $5,000,000.$100,000 up to $1,500,000.
Medical exam required?No.Depends. A medical exam may not be needed for eligible applicants applying for up to $1,000,000 in coverage. Once an application is submitted, you will find out if a medical exam is needed to finalize your rate. Depends. May be required if more health information is needed. Better rates possible with medical exam.Depends. May be required on policies over $1,000,000 or if more health information is needed.
Can be declined for coverage?Yes.Yes.Yes.Yes.
Available inAll states except NY.All states except CA, DE, FL, ND, NY, and SD.All states except MT, CA*, and NY*.All states except NY.
*Must purchase Fabric Instant (accidental death) first, then can purchase Fabric Premium.
Prices, products offered and coverage terms effective as of publication.

Disclosure: The opinions and ideas expressed in the article are those of the author(s) and are not promoted or endorsed by Haven Life or MassMutual. You should always consider seeking professional advice before making a major financial decision.

*MassMutual and its subsidiaries C.M. Life Insurance Company and MML Bay State Life Insurance Company are rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of 03/01/2020 and is subject to change. MassMutual has received different ratings from other rating agencies.
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 (partners).
Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. In NY, Haven Term is DTC-NY. In CA, Haven Term is DTC-CA. Our Agency license number in California is OK71922 and in Arkansas, 100139527.

About the Site Author and Blog

In 2018, I was winding down a stint in investor relations and found myself newly equipped with a CPA, added insight on how investors behave in markets, and a load of free time.  My job routinely required extended work hours, complex assignments, and tight deadlines.  Seeking to maintain my momentum, I wanted to chase something ambitious.

I chose to start this financial independence blog as my next step, recognizing both the challenge and opportunity.  I launched the site with encouragement from my wife as a means to lay out our financial independence journey and connect with and help others who share the same goal.


I have not been compensated by any of the companies listed in this post at the time of this writing.  Any recommendations made by me are my own.  Should you choose to act on them, please see the disclaimer on my About Young and the Invested page.

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