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Haven Disability Insurance Review


ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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Founded in 2015, Haven Life is an insurance agency that offers life insurance, short-term disability income insurance, and annuities. Customers ages 18 to 55 can apply online for disability coverage with monthly benefits ranging from $500 to $5000. Policies are guaranteed renewable through age 65. Haven disability insurance is issued by MassMutual, which is rated AA+ by A.M. Best for financial strength. The company is headquartered in New York, New York.
 
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How is Haven rated?

Breakdown

4.8/5
Policies & Coverage
4.8/5
Flexibility
4.8/5
Financial Strength
4.8/5
Reputation & Customer Experience

Overall Rating: 4.7 / 5 (Excellent)

Haven is a well-established insurance agency that has been in business since 2015. The company offers short-term disability insurance, along with many other policies. The company has an excellent reputation among consumer rating organizations.

Haven disability policies are issued by MassMutual, a company that has been around for about a hundred years and is highly rated for financial strength.

Haven disability policies offer flexible coverage limits and terms. The company's offering may not be well-suited to high earners, however, due to a coverage maximum of just $5000. Currently, Haven disability coverage is available in Georgia, Illinois, Massachusetts, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, Texas, and Virginia and the company will be expanding to other states soon.

Haven Policies & Coverage

Policies & Coverage - 4.8 / 5

Haven sells short-term disability insurance. Policies are available to workers aged 18 through 55. Customers can elect coverage limits of $500 to $5000 and benefit periods of three, six, or twelve months. Haven sells short-term disability insurance. Policies are available to workers aged 18 through 55. Customers can elect coverage limits of $500 to $5000 and terms of three, six, or twelve months. After the elimination period is complete, claims are reviewed immediately upon submission. If your claim is approved, it will be paid in as few as seven days after filing. Since the company's policies are purchased privately by individual customers, coverage is portable when you switch jobs.

Since the company's policies are purchased privately by individual customers, coverage is portable when you switch jobs.
Policy Types
Short-Term
Policy Features
Guaranteed Renewable
Elimination Period
14, 30, or 60 days
STD Maximum Monthly Benefit
$5000
Short-Term Benefit Period
3, 6, or 12 months
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Exclusions & Limitations
Haven Disability is a Short Term Disability Insurance Policy (ICC20-HLSTDI-POL) 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. Our Agency license number in Arkansas is 100139527. Refer to important information about this policy's exclusions and limitations. For costs and complete details of coverage contact (855) 950-1395 or visit us online at https://disability.havenlife.com. </br></br> Massachusetts Mutual Life Insurance Company (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 July 9, 2021 and is subject to change. MassMutual has received different ratings from other rating agencies.

Haven Flexibility

Flexibility - 4.8 / 5

Haven Disability's short-term insurance offers flexible monthly benefits from $500 to $5000 and payment periods of three, six, or twelve months. Since policies are purchased privately with after-tax money, claim payouts are not subject to income taxes. Policies are guaranteed renewable until age 65.

We do note that the company's low maximum coverage limit may not provide all of the protection you need to see you through a long period of not working.

Haven offers the convenience and flexibility of a 100% digital application and online claims submission and processing.

Haven Financial Strength

Financial Strength - 4.8 / 5

Haven is a wholly-owned subsidiary of MassMutual, a large company that is well-regarded in the insurance industry. MassMutual earns an A++ (superior) rating from A.M. Best, an independent organization that evaluates the financial stability of insurers. MassMutual is rated Aa3 (high quality) by Moody's and AA+ (very strong) by Standard & Poors.
Company Type
Subsidiary/ Partner
Underwriter
MassMutual
Year Founded
1851
Standard & Poor's Financial Rating
AA+
Moody's Financial Rating
Aa3
AM Best Financial Rating
A++

Haven Reputation & Customer Experience

Reputation & Customer Experience - 4.8 / 5

Haven has earned an excellent reputation with consumer groups. The company is rated A+ by the Better Business Bureau and earns 4.8 out of 5 stars on Trustpilot.
BBB Rating
A+
Trustpilot Rating
4.8 out of 5
Date Collected
2021-07-08

Company Profile

Full Name
Haven Disability Insurance
Company Website
https://disability.havenlife.com
Headquarters
60 Madison Avenue, 7th floor, New York, NY, 10010

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Top Rated
Our Partner
  • Short-term disability income insurance for ages 18 to 55
  • Premiums starting around $10 per month
  • Coverage limits from $500 to $5000
  • 3-, 6-, and 12-month benefit periods
  • Apply and start a claim 100% online
  • Policies issued by Massachusetts Mutual Life Insurance Company (MassMutual), a company rated A++ by A.M. Best
  • A+ rated by the Better Business Bureau
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