Rubano - Thank you for your question. I am sorry to hear of your condition and hope that you are making great progress. Life insurance underwriting can be a mystery to many people; however, it also provides the benefit of a very competitively priced product. The truth of the matter is that every company will treat…

Yes, buying life insurance online is safe, thorough and affordable. You can get competitive pricing and a very simple experience.

Cash value life insurance, like whole life, can provide these kinds of benefits if that’s the type of policy you are looking for. I’d suggest reaching out to an agent to learn more. Our parent company, MassMutual, has many who would be a great resource.

Hi - apologies, but we’ve run out of time for responses. Please copy and paste over this question to help@havenlife.com, and we’d be happy to provide you with more insight.

Without knowing your personal situation and insurance needs, it would be difficult to determine whether this strategy is appropriate for you. Often, one does not have the same life insurance needs throughout their entire life. For example, if you need life insurance to replace your income, the amount of coverage you…

It’s natural to wonder if insurance companies will take into consideration any genetic testing, and if that might affect your ability to purchase a policy and how much you will pay for that policy.

Hi Vincent, without knowing your specific financial situation, it’s hard to say what’s best.

A permanent life insurance policy (like whole life) might make sense if you are looking for a tax-effective vehicle when there is both an investment and a life-long insurance need present.

Hi Mike, we don’t offer whole life insurance at Haven Life. Both types of life insurance policies have their pros and cons, and without knowing your specific financial situation, it’s hard to say what’s the best choice.

Haven Life was the first to offer term life insurance entirely online, and in some cases, without a medical exam needed. Before us, the process to receive a decision (yes / no) and get covered would take several weeks and couldn’t be accomplished online. Our process is entirely online, and you find out immediately…

I’d recommend speaking to your brother and his wife about what type of financial assistance they’d need if you and your wife were to pass away, and tell them how much coverage you have to date. What you and your wife can do in the interim is name the children’s uncle as a contingent beneficiary on the policies to…

Hi Brandon, yes there are life insurance policies that can be purchased to cover children. That said, we don’t offer that type of policy at Haven Life, so I unfortunately can’t speak to what your options are.

Hi Akaash - thank you for your question, it’s a complicated one! An indexed universal life policy can be a tax-effective investment vehicle, especially if there is also an insurance need present. In your situation, it sounds like there is certainly a need for investment opportunities, and the indexed vehicle limits…

She would need to reach out to your insurance company directly to collect the death benefit. I’d recommend you both have an agreed upon place to store your life insurance policy so its easily accessible. Additionally, life insurance death benefits are generally not income taxable.

Great way to look at it. Most people think you only need life insurance when you have children, but children aside, it’s also important to ensure your spouse can cover the bills without your income.

Thanks for joining! Yes, if you could not pay the bills without your wife’s income then it’s probably best to buy another policy. If you’re not sure exactly how much you need, our calculator can provide you with a tiered recommendation: https://havenlife.com/term-life-insurance-calculator.html

Employer-provided life insurance is a great perk. However, it’s important to understand what happens to that policy when you change jobs - and that varies from employer to employer, so you’ll need to reach out to HR directly. Most employer-provided policies lapse once you no longer work at the company, with no ability…

Hi Krysten, based on the information you’ve provided, it’s unlikely that you need life insurance. It might be good to make sure that your employer-sponsored policy is enough to cover any final expenses you might have.

Great question. Typically when listing a minor as a beneficiary you would have the option to also name an adult custodian. The custodian is the person who will be taking care of your children financially. That said, you can also list a trust under their name as a beneficiary.

Hi! Thanks for your question. Once you have a child, it’s not uncommon to need coverage that’s up to 15 times your annual salary. A good way to find out how much you need is to input some information into our online life insurance calculator (https://havenlife.com/term-life-insurance-calculator.html). It will take…