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Haven Life Insurance Agency

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LAST UPDATED: May 27th, 2021

Haven Life offers short-term disability insurance policies issued by MassMutual in 10 states. MassMutual is a financially stable insurer, which is important to know when buying insurance.

Haven Life offers quick online estimates, an online application, and an instant decision on whether your application is accepted. This convenient process makes it easy for many applicants to get short-term disability insurance coverage in one sitting.

Short-term disability insurance is a new product for Haven Life, so customer reviews are limited.

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The Good

  • Policies Issued by MassMutual
  • Online Estimates and Application
  • Flexibility
  • Simple Claims Process

Policies Issued by MassMutual

The short-term disability insurance policies sold by Haven Life are underwritten by MassMutual. MassMutual has received high financial strength ratings, so you can be confident when purchasing a short-term disability insurance policy through Haven Life.

Financial strength ratings indicate the financial stability and likelihood an insurer will be able to meet its claims obligations. High ratings are common among top insurance companies.

Online Estimates and Application

Haven Life makes it convenient and easy to view estimated rates and apply for a policy online. 

After you provide some basic information about your health, income, and age, you'll see a few coverage options and the estimated rates. You can pick the one that best suits you and complete an online application.

Once you complete an application, you'll benefit from real-time underwriting that will determine whether you're approved for a policy or denied. This quick decision makes the disability insurance purchase process faster than some competitors.

Flexibility

Haven Life clients also benefit from flexibility. Before you purchase a policy, you can adjust the monthly benefit amount and the benefit period. The monthly benefits offered are between $500 and $5,000. You can also choose a 3-, 6-, or 12-month benefit period. The benefit period is how many months you'll receive the monthly benefit payout.

The ability to adjust the benefit amount and benefit period are common features for disability insurance.

Short-term disability insurance is most commonly offered by employers to employees. When you change employers, you generally do not maintain your insurance coverage. When you purchase your own policy, you'll maintain your coverage regardless of your employment as long as you continue to pay the premiums.

Simple Claims Process

Haven Life also makes the claims process simple. To start a claim, you'll need to provide some personal information, details about the cause of your disability, and the last date you were able to work normally. 

If your claim is approved, it's paid within seven days. This attention to speed helps you maintain your financial stability and meet your financial obligations.

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The Bad

  • No Long-Term Disability Insurance
  • Limited Availability
  • Insufficient Customer Insight

No Long-Term Disability Insurance

Haven Life does not offer long-term disability insurance. If you're interested in a long-term policy instead of a short-term policy, you'll need to find another company.

Limited Availability

Disability insurance sold through Haven Life is only available in 10 states:

  • Texas 
  • Massachusetts 
  • Pennsylvania 
  • Illinois 
  • Ohio 
  • Georgia 
  • North Carolina 
  • Michigan 
  • New Jersey 
  • Virginia

If you don't live in one of these areas, you'll need to find another insurance company.

Insufficient Customer Insight

Best Company has not received many customer reviews of disability insurance sold by Haven Life. This limitation is not surprising because this short-term disability is a new product for the insurance agency. However, a recommendation based on the customer experience is still unavailable.

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The Bottom Line

Although more customer reviews and wider availability would be beneficial, Haven Life is worth exploring further if you're interested in short-term disability insurance. Long-term disability insurance is more commonly offered to people buying their own disability coverage, so Haven Life's offering of short-term disability insurance makes it stand out in the industry.

Haven Life's simple online estimate, application, and approval process takes the time and hassle out of buying short-term disability insurance. If a short-term policy meets your needs, then Haven Life is a great option.

View Best Disability Insurance Companies

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