With an online-first approach, you can now easily apply for and manage your life insurance policy online through Haven life insurance company. In case you have some doubts on the company, here is a quick review to help you make a better decision.

Company: Haven

Website: havenlife.com

Industry: Insurance

Founded: 2014

P.S.

Gold & Silver is the best insurance (in our opinion):

==> See top-5 best gold investment companies

What is Haven Life Insurance about?

Haven Life is a New York City-based insurance company. It was co-founded in 2014 by Yarol Ben-Zvi to provide term life insurance policies to customers in the United States. Term life insurance is a type of life insurance that provides coverage for a specific period of time, such as 20 or 30 years.

The company receives support from MassMutual; a major insurance firm with over 160 years of experience located in Springfield, Massachusetts. The company’s goal is to make the process of purchasing traditional insurance hassle-free.

Term Insurance policy Options

Haven Life uses an algorithm and artificial intelligence to quickly access and evaluates applicants for term life insurance. The company offers three options: 

Haven Term Option

This policy provides coverage up to $3 million for those under 60 and up to $1 million for those between 60 and 64, and an option for healthy people under 59 to potentially receive up to $1 million in coverage immediately. However, in some cases, applicants must undergo a medical examination to be approved for coverage.

Haven Simple Option 

If you are approved for Haven Simple through a digital application, you can receive up to $500,000 in coverage.

This is with the exception of people living in California, Delaware, South Dakota, North Dakota, or New York, where Haven Simple is not available. 

If you have a Haven Life policy with an expedited death benefit and become terminally ill, you can use part of your death benefit. In certain situations, you may also be able to receive a waiver of premium rider, which allows you to stop paying premiums if you become permanently handicapped.

Haven Plus Option

The company also has Haven Life plus options. With this policy, members get access to the following additional services: 

• Trust & Will offers a digital service to create an online will.
• Aaptiv, an audio-based fitness app, offers a one-year subscription.
• Timeshifter helps you create custom plans to avoid suffering from jet lag.
• LifeSite, an online safe deposit box, offers storage for you and up to five family members.
• CVS MinuteClinic offers a 15% discount on any single service.
• Lantern is a tool that documents end-of-life wishes, including what happens to social media accounts.

However, Haven Life Plus is not available in Florida, New York, North Dakota, South Dakota, or Washington, and some features may not be available in California. In addition to these services, Haven Life also sells annuities.

How Haven Life Insurance Works

Haven Life offers term life insurance through MassMutual for Haven Term plans and through C.M. Beneficiaries receive a lump sum payment if the covered individual dies during the term of the Haven Life insurance policy.

This payment can be used; 

• To cover end-of-life costs,
• As Monthly living expenses, 
• For paying mortgages and other obligations, 
• For child care or other dependent costs. It can also be saved for future use by family members.

To purchase a Haven Life insurance policy, you will need to complete an application process. This typically involves providing some basic personal and financial information, as well as answering some questions about your health and lifestyle. 

Based on this information, Haven Life will determine your eligibility for coverage and provide you with a quote for the premiums you will need to pay for your policy.

Should you decide to purchase a Haven Life insurance policy, you will need to pay your premiums on a regular basis to keep the policy in force. In the event of your death during the term of the policy, Haven Life will pay the death benefit specified in the policy to your designated beneficiary.

Is Haven Life Insurance a Scam or Legit?

Haven Life Insurance is not a scam, it´s a legitimate insurance company. The company’s user-friendly internet interface and commission-free term life insurance policy make it easy to apply for and manage your policy.

Additionally, MassMutual, the company that issues Haven’s policies, has received fewer complaints from state regulators than expected for a company of its size for over three years. 

Haven Life Insurance Reviews

One of the best ways to determine wheter something is a good product or service is to look at what some of the most well-known and trusted, independent third-party consumer protection agencies have to say. As always in our reviews we do just that and present the results for you with clickable links:

BBB (Better Business Bureau)

Overall rating: (1 / 5) (from 1 reviews) click here for details (opens in new window)

Trustpilot

Overall rating: [4.4] (from 1074 reviews) click here for details (opens in new window)

Conclusion from these ratings:

Well as you clearly can see above the Trustpilot rating is very good, and also from a big amount of clients so that is a big plus, of course. The BBB has them as an accredited business, but the rating was on the other hand only a 1 out of 5 stars, from only 1 review…

¨¨Want to read our Ladder Life Insurance Reviews? click here

Pros and Cons of Haven Life Insurance 

Some pros of Haven life insurance:

• Its insurance services are issued by a Massmutual insurance company 
• Coverage is available without the need for a medical exam, and 
• It has riders that can be added to the policy for added benefits. 
• Provides good customer service.

Cons of haven life insurance:

• Only term life insurance is offered in the company
• The Coverage options are not available in all states
• It also Limited rider options

Frequently Asked Questions(FAQ)

Why is Haven Life insurance different from other companies?

Haven Life revolutionized the process of purchasing fully underwritten term life insurance online by allowing customers to tell them what is important to them and using that information to create an insurance experience that makes life easier for today’s buyers. Additionally, customers can apply online and find out immediately if they are approved for coverage.

What is Haven Life Insurance?

Haven Life is an insurance agency that offers term life insurance. It is fully medically underwritten and can be purchased online. It is known for being affordable and using technology in its operations.

Can I add my partner to my insurance policy?

It is not possible to add another person to your policy. You can apply for individual term life insurance with Haven Life, but each policy only insures one individual. If you and your spouse or partner want to both have coverage, you will need to fill out separate applications. 

What are Haven’s term insurance benefits?

Your Haven Term policy includes several benefits, such as a level premium that remains the same throughout the duration of your term, an accelerated death benefit that allows you to access a portion of your policy’s benefit in the event of a terminal illness, and the backing of MassMutual, a leading life insurer with over 160 years of experience. The policy is commission-free and can be renewed on an annual basis after the expiration of your term.

Final Words & verdict:

Verdict: Legit!

Overall rating: (4 / 5)

Haven Life Insurance is legitimate and allows you to easily obtain a term life policy online without the need for personal assistance from an agent. It is also ideal for those who want a straightforward term life policy and may not need a medical exam. With Haven Life, you can get prices and apply for term coverage online.

As always, the decision is up to you to make, this review have hopefully made that choice easier to make!

What´s the best insurance?

Well, according to me and the rest of the team here at Goldretired.com there is no better insurance than gold & silver these days. The good old saying is real, when everything goes pear shaped and everything looses value, that is when gold (and silver) becomes king!

==> See our Gold & Silver Buying Guide <==

I hope you found thius short review on Haven Life Insurance to be helpful and that you now have a better understanding on what it is and that it´s not a scam but a legit business. If you have used any of their services yourself then please share your experience in the comment section below as it can help others!

I wish you success!

Glanz, investor and team member on Goldretired.com

Sproutt is a company that offers life insurance to young people, particularly married couples and parents. Is Sproutt Life Insurance Legit or a scam? In this article, we give you information that will help you decide on taking life insurance coverage with Sproutt.

Company: Sproutt

Website: sproutt.com

Industry: Life insurance

Founded: 2018 (formerly Aktibo)

Are you young and healthy? Life insurance is an important investment for you, no matter how young or healthy you may be. Don’t let your age and good health fool you. 

However, when you think about it, gold & silver might be an even more intelligent insurance in these times, right? 

==> See our top-5 best gold investment companies

About Sproutt Life Insurance 

Sproutt is a startup that was founded in 2018 by Yoav Shaham, Assaf Henkin, and Itai Brickner, to make life insurance more accessible through the use of technology. Its offices are in Hartford, Connecticut; New York, and Tel Aviv, Israel.

The company uses AI to personalize policy recommendations based on a customer’s healthy behaviors. The company’s Quality of Life Index (QLI) is classified into five aspects of an individual’s lifestyle: movement, sleep, emotional health, nutrition, and balance. 

Sproutt experts evaluate life insurance companies to help you find the best policy and premium. They also assess the financial strength, customer satisfaction, policy features, and riders of each insurer and give a rating of one to five stars based on their offerings and reputation in the industry.

How Sproutt Life Insurance Works 

Sproutt is an independent broker that connects you with a provider and policy that matches your needs and budget. You can choose from among its selection of over 40 top-rated life insurance companies. These include AIG, Principal, SBLI, and Sagicor Life. Depending on the chosen insurer, you can get cover for;

• Term life or whole life insurance
• Non-Medical exam life insurance (such as guaranteed issue, simplified issue, final expense, and graded death benefit policies), 
• A universal life insurance
• variable life insurance.

Additionally, through Sproutt you can get life insurance that can help your family cover lost income and funeral expenses in the event of your untimely death. It also protects your family from inheriting debts, such as student loans, which do not go away when you pass away. 

Pros of Sproutt Life Insurance

• It is available to people ages 25 to 60 
• Coverage ranges between $100,000 to $4 million 
• No medical exams required 
• You can Apply online as an independent broker and 
• uses state-of-the-art software.
• It is a reputable life insurance company.

Cons of Sproutt Life Insurance

• It only offers term life insurance 
• It has limited quote options 

Sproutt’s QL Index Feature 

The QL Index, Sproutt’s proprietary tool, evaluates;

• your sleep habits, 
• vegetable consumption, 
• relationships, 
• positive outlook, and estimated lifespan.

This is done through a 10-minute virtual Q&A with their AI (manifested as a bespectacled leaf petal). At the end of the questionnaire, the QL Index will assign you a score out of five and provide a full report to your email with suggestions for lifestyle improvements.

Scoring well on the QL Index may not directly lower your life insurance quotes, but it can identify hidden factors that may affect your quotes in the future. Additionally, a high score on the QL Index may qualify you for Sproutt’s next perk.

The Graded Death Benefit Policy 

Sproutt offers a graded death benefit policy. To apply for the policy, you only need to answer a few simple questions about your health. Once approved, the insurer will structure the death benefit based on when you die and when you took out the policy. 

In many cases, the payout is graded in the following way: if you die within the first year of taking out the policy, your beneficiaries will receive 25% of the death benefit. If you die in the second year, your beneficiaries will receive 50% of the death benefit. If you die in the third year or beyond, your beneficiaries will receive 100% of the death benefit.

Sproutt’s Life Insurance Riders 

Sproutt allows you to add riders to your policy during the application process with Sproutt’s system. Common options include the:

• Waiver-of-premium rider, 
• Accelerated death benefit rider, 
• Accidental death benefit rider, 
• Critical illness benefit rider, 
• The disability income benefit rider, 
• The child and term insurance riders.

Applying For Term Life Insurance 

You can apply for a term life insurance policy that can be completed online in about ten minutes. The application consists of answering 20 simple questions. The system also asks for 

• Personal and contact information, 
• Your annual income and number of dependents,
• The lifestyle and basic health history, 
• Any recent traffic violations record.

Based on the information you have given, the system will recommend the best policy for you and provide quotes from various life insurance companies. 

You can adjust the coverage and cost as desired, and once you are satisfied, you can move on to the next step of the application. Additionally, If you are interested in a permanent or simplified issue policy, you can speak with a licensed insurance advisor.

As an independent broker, Sproutt contracts with a large number of companies. So their rates may be similar to those offered by small, local insurance brokers with a limited number of companies they work with.

Is Sproutt Life Insurance Right For You?

Sproutt offers a distinctive approach of assessing your situation before providing quotes for life insurance coverage. It also helps to save time and money, especially if you have a less ideal medical history.

However, even if you have a clean medical history, Sproutt’s range of insurance carriers is similar to that of the largest comparison sites, and the company provides a smooth online customer experience.

¨¨Learn about Ladder Life Insurance instead

Is Sproutt Life Insurance Legit?

So, is Sproutt Life Insurance a scam? The best way to decide if a company is a good one or not is (in my humble opinion) to look what rating it got from the most well-knwon and trusted independent third-party consumer protection agencies. Below are the overall ratings that Sproutt has at the moment:

BBB (Better Business Bureau) (Sproutt is NOT BBB accredited)

Overall rating: (1 / 5) (out of 1 review) click here for details (opens in new window)

Trustpilot

Overall rating: (4.8 / 5) (out of 425 reviews) click here for details (opens in new window)

Conclusion & (something weird):

I find it a bit weird that Sproutt has received an A+ rating from the Better Business Bureau (BBB) while it in the same time have a very bad review from a client there together with a 1 out of 5 stars

plus it is NOT being accredited by the BBB.

What´s going on there?

AND, on the Sroutt official website you can see that they proudly state that they are accredited by the BBB…

However, that was clearly not the case (see screenshot from the Sproutt website below):

On Trustpilot (it looks better), Sproutt has received a rating of 4.8 out of five stars based on 425 reviews, with 89% of customers ranking the company as “excellent” and 8% ranking it as “great.” 

There have been minimal negative reviews (2% 1-star), but some customers have complained about lack of responsiveness and reps not getting back promptly. Sproutt has responded to almost all negative comments on Trustpilot.

P.S. As an online insurance broker, Sproutt does not receive a financial strength rating from A.M. Best, which only rates direct insurance providers.

Frequently Asked Questions( FAQ)

Is Sproutt a legit company?

Sproutt is a licensed company with insurance brokers who are licensed to do business in various states. This means that they have met the necessary requirements and regulations to operate legally as insurance brokers in those states. Information about Sproutt’s licenses can be found on their website.

Does Sproutt have any partnerships or collaborations with other companies?

No! Sprout is an independent broker and does not have any affiliation with insurance companies. Its primary focus is on serving customers and providing them with the best options. However, they have access to a wide range of life insurance companies and regularly review and rate the top companies and products objectively, without any undisclosed biases.

What sets Sproutt apart from other companies in the same industry?

Sproutt helps people obtain insurance coverage that fits their lifestyle, preferences, and needs by combining technology and human touch to map a wide range of insurance products and companies. This allows for a seamless, transparent, and optimal way to match people with the insurance coverage they need.

What methods does Sproutt use to choose and rate an insurance company?

Sproutt rates a variety of life insurance companies based on several parameters, including financial strength, competitive pricing, product suite, ease of process, and customer reviews. This allows our readers and customers to compare and evaluate products from different companies. Our rating helps them make informed decisions about the best life insurance option for their needs.

What is a term life Insurance policy?

Term life insurance is a type of life insurance that provides coverage for a specific period of time, also known as the term of the policy. This term can range from a few years to several decades, depending on the policy. The policy typically only offers death benefits, meaning that if the policyholder passes away during the term of the policy, the policy pays out a death benefit to the named beneficiaries.

Final words & verdict

Verdict: Legit! 

Overall rating: (3.5 / 5)

You might want to consider Sproutt if you’re looking to buy life insurance. As an online life marketplace, you can get quotes from several major insurance companies with a single application. Sproutt offers live customer support, which can be helpful for an all-online platform. They also have a Quality of Life Index that tracks and helps you improve your health if you’re proactive about it. However, keep in mind that Sproutt primarily serves younger, healthier applicants. If you’re older or have a significant health condition, you may be better served by working with an independent life insurance broker. Hopefully, this information was helpful.

As always, the decision is up to you to make, we are only here to present points of views to make that job easier for you!

Best insurance there is? (Gold & Silver)

Yes, I would think (in my humble opinion) that gold & silver is one of the best, if not the best insurance you can get in these times. There are different ways to invest in gold but physical is my favorite way without a doubt!

See our gold & silver buying guide +3 different budget alternatives

I hope you found this short review of Sproutt Life Insurance to be helpful and that you now have a better understanding on what it is and that it is a legit company. If you have used any of their services then please share your experience in the comment section below as it can help others!

I wish you success!

Glanz, investor and team member of goldretired.com

Ladder life insurance is a simple online portal where you can easily buy coverage and adjust your policy. Is Ladder Life Insurance a Scam? Whether you are fresh in insurance coverage or not, this information can hopefully help you make the right decision.

Company: Ladder

Website: ladderlife.com

Industry: Life insurance

Founded: 2017

P.S.

gold & silver is the best insurance (in my humble opinion)

==> See Top-5 List of the Best Gold Investment Companies

About Ladder Life Insurance

Ladder was founded in California in 2015, and its policies are issued by Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York. Both have received an A+ rating for financial stability and claims-paying ability from AM Best company.

Ladder provides (only) online term life insurance with a fast and easy application process, especially for policies over $1 million. You can apply and manage your policy through Ladder’s web portal. 

Some applicants need a medical exam, but those seeking $3 million or less can get a decision right away, which speeds up the application process. Ladder also lets you easily reduce your policy online instead of canceling and applying for a new one.

Ladder Life Insurance Commercial

There is a big chance that you first got to know about Ladder through their tv commercial. According to many that is how they first found out about ladder as they found the commercials very funny (and maybe morbid?). Below you can see a couple of the Ladder life insurance commercials:

Pros of Ladder Life Insurance

With ladder life insurance;

• You can apply to change your high-value term life insurance coverage online as your financial needs change. 
• You can get a quick quote and application decision online, with no medical exam required for a policy value of up to $3 million. 

Cons of Ladder Life Insurance

It does not cater for;

• Individuals over the age of 60 
• Those who are seeking permanent life insurance.
• Additional riders or supplementary coverage

Ladder Life Insurance Features 

Ladder offers an easy-to-use online system for applying for and managing life insurance. Customers appreciate the quick underwriting decisions but note that most communication with the company is done online, and there may be limited access to live agents.

The ladder website is modern and easy to use on mobile devices. You can get a quick cost estimate through the online quote system. However, you’ll need to provide more information for a final quote. 

The ladder also offers helpful guides and a calculator to help you determine how much life insurance you need. 

The Ladder mobile app is also available for Apple devices. It allows you to apply for coverage and adjust it as need be. Furthermore, Ladder has partnered with SoFi and NetLaw, allowing SoFi members to create wills for free.

Ladder Term Life Insurance

Ladder offers term life insurance policies to people ages 20 to 60, with coverage ranging from $100,000 to $8 million. Most procedures are issued within minutes and can be purchased online. Ladder offers term lengths of 10, 15, 20, 25, and 30 years. 

The insurer allows policyholders to adjust their coverage amount at any time, with premiums changing accordingly. For example, decreasing coverage from $1 million to $750,000 would result in a 25% decrease in premiums. The ladder will be recognized as a top choice for term life and instant life insurance in 2023.

Is Ladder Life Insurance a Scam?

So, is Ladder Life Insurance a scam? No, of course not, it is a legit business. One of the best way to decide if a company or service is legit or not is to look at the independent third-party consumer protection agencies, and what they have to say. The Ladder Life Insurance reviews we found from the most well-known and trusted online watchdog sites are presented below:

Trustpilot

Overall rating: (4.8 / 5) (out of 2399 reviews) click here for details (opens in new window)

BBB (Better Business Bureau)

Overall rating: N/A

As you clearly can see above Ladder got an outstanding overall score from Trustpilot and from as many as almost 2,5k clients of their service. That speaks volumes, even if there wasn´t anything to be found on the BBB site, that´s probably due to the company only being in business since 2017.

Ladder Life Insurance reviews on Trustpilot (some examples):

As mentioned above, the reviews on Ladder Life Insurance are very impressive on the Trustpilot site, below are some examples of what clients have to say about the Ladder company:

Ladder up and Ladder Down Options

You can increase the face value of your policy by applying for ladder up. For example, if you have another child, you may want to increase your family’s financial protection by adding more life insurance coverage. 

This option is usually unavailable with other insurers unless you cancel your existing policy and buy a new one. However, remember that the added coverage will be priced separately so that you may get a different cost per coverage amount.

On the other hand, to reduce your life insurance policy, you can use the ladder-down feature. It will help decrease its face value online, and your premiums will also decrease proportionally. 

For example, if you have a $500,000 policy that costs $30 per month and reduces it to $400,000, your new premium will be $24 per month. If you only need coverage for a short period after your initial term expires.

You can also renew your policy annually with Ladder for up to five years. Remember that your premiums will increase during this renewal period compared to the initial term.

How To Buy Life Insurance 

If you are interested in buying life insurance, here are some quick steps you can follow.

• Choose a type of life insurance, such as term or whole life, and consider your desired riders. 
• Calculate your coverage needs and desired length of coverage. Check that the insurers you’re considering offer the range you want.
• Compare rates for the same amount of coverage over the same period. 
• Make sure the policy’s medical requirements match your needs and consider the number of consumer complaints each company receives when deciding.

Frequently Asked Questions (FAQ)

How can I sign up for Ladder?

To sign up for Ladder, complete the information on the provided form. You will then receive an email from Ladder with instructions on how to get started. It is also designed to be easy for advisors to set up.

Is Ladder a good Insurance?

Yes. It has the best ratings based on an analysis of both companies’ financial position and operating performance and was affirmed in October 2021.

What is distinctive about Ladder Life Insurance?

The ladder is a life insurance company that offers accessible online applications, instant decisions, and the ability for clients to adjust their coverage over time. It also does not charge fees to advisors and is rated highly by A.M. Best Company. The ladder also emphasizes that its customer service team does not have a sales agenda and is focused on the client’s best interests.

How much coverage can I get through Ladder?

Overall rating: (4.8 / 5)

Want to know our #1 recommended insurance in harsh time?

See our gold & silver buying guide!