One of the advantages of a life insurance policy is that you can get a lot of benefits out of it. You can choose from various options, like life insurance policies that offer accelerated death benefits, term life insurance, etc. It also depends on the type of policy that you are looking for, as to which one will suit you best.
Minimum issue age
One of the best places to shop for life insurance is the internet. One of the better insurers is Haven Life. They are known for their top notch service and their execs are a joy to deal with. The best part is they are not pushy, the type who will help you find the right product at the right time. It is a good idea to plan ahead and have your policy options covered at all times. Having one of the best life insurers around will ensure you are not left to rot. A good policy can also help protect your loved ones from a financial blackout in case of disaster. Getting a top notch company to look out for you and your family is not hard, but it will require a bit of planning.
Term life insurance
Haven Life offers term life insurance for seniors. The policy is backed by Massachusetts Mutual Life Insurance Company. MassMutual has been in operation since 1851. It has a superior (A++) financial strength rating from AM Best.
A Haven Life Term policy includes an accelerated death benefit. This means that if you become terminally ill within 12 to 24 months of your policy start date, you can receive a portion of your death benefit while you are still alive. You can use this benefit to pay for medical expenses or other financial needs.
Those interested in a Haven Life term policy can apply online. They must create an account, input personal information, and sign a document. Once approved, the coverage can begin immediately.
Accelerated death benefit
Haven Life offers term life insurance for seniors. It was founded in 2014 by Yaron Ben-Zvi. The company is accredited and has an A+ rating from the Better Business Bureau.
Applicants for Haven Simple can apply online in just a few minutes. Their premiums are level, and there are no medical exams to complete. To qualify for the policy, the beneficiary must be between 20 and 55 years old. They can choose a term from five, 10, 15 or 20 years.
One of the key features of the Haven Life policy is the accelerated death benefit. This rider is included in every policy. If you are diagnosed with a terminal illness, the accelerated death benefit allows you to receive a portion of your death benefit before you die.
Waiver of premium rider
There are two main types of life insurance policies available to consumers, limited and whole. In a nutshell, the former is for those with a budget in the hundreds whereas the latter is for those with a budget in the thousands. To get a handle on the difference between the two, you need to sift through the reams of insurance policy paperwork. It is also worth noting that the vast majority of people will eventually die – whether from accident, illness or old age. Fortunately, there are a host of tools and resources at your fingertips to help guide you through the process. The key is to choose the one that best suits you and your family’s needs. Unlike other life insurance companies, Haven Life offers a wide selection of policies in multiple sizes – you can start with as little as $500 and increase your coverage as needed.
Customer satisfaction
If you’re looking for term life insurance, you should consider Haven. Founded in 2015, Haven offers a digital experience with a user-friendly interface. It’s backed by MassMutual, a well-established player in the industry.
You can apply for a policy online and get a quote in less than 25 minutes. Applicants can also receive a decision within an hour. However, a medical exam may be required.
You can opt to have Haven Life waive your premiums if you’re disabled. However, Haven policies aren’t available in all states. In order to qualify, you must be a citizen of the U.S., under 45 years old and need $1 million or less in coverage.
Haven Life is owned by MassMutual, an established company that has been in the business for 160 years. It has a financial strength rating of A++ from AM Best, a leading independent provider of insurance ratings and research.