Haven Life increases maximum coverage amount to $3 million

NEW YORK, Oct. 3, 2018 /PRNewswire/ -- Innovative life insurance agency, Haven Life, thrilled the crowd at InsureTech Connect 2018 today by announcing an increase to the maximum coverage amount available for the Haven Term policy. The increase in face amount from $2 million to $3 million is a strategic move to better serve customers who are coming to Haven Life to secure affordable, MassMutual-issued coverage online.

"When we expanded coverage earlier this year, we saw a substantial increase in the number of people applying for the highest face amount available," said John Latona, General Manager at Haven Life. "We're constantly looking for ways to improve upon and expand coverage offerings for the Haven Term policy. Based on our learnings to date, this is a natural next step."

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 time and place of the applicant's choosing.

When it comes to customer-centric improvements, the last few weeks have been very exciting for Haven Life. This announcement closely follows the unveiling of Haven Life Plus, 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.

Perhaps The Economist said it best when they reported last month that Plus "makes [Haven Life] a pioneer in its home market."

To experience life insurance that's actually simple, visit havenlife.com.

ABOUT HAVEN LIFE
Haven Life Insurance Agency, LLC is a life insurance startup, backed and wholly owned by MassMutual, that offers a simple online experience for buying high-quality and affordable coverage. Driven by a mission to make life less hard, we're committed to changing life insurance so that it's less time-consuming and far more rewarding.

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 (ICC17DTC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and not be available in all states. Our Agency license number in California is 0K71922 and in Arkansas, 100139527.

SOURCE Haven Life

Related Links

https://havenlife.com