All Frequently Asked Questions

How does Haven Secure compare to more traditional lump-sum term life insurance?

For most individuals, their life insurance coverage needs decrease over time as children become financially independent, debts get paid, and savings and investments grow.

With a traditional 20 year term policy that pays one lump sum benefit, if the unexpected happens, the policy pays the same amount whether the claim is made on day one of the policy or 19 years later when you may not need as much coverage... The premium that you pay every month for this type of coverage reflects that.

With a 20 year Haven Secure policy, if the unexpected happens, your loved ones will receive a recurring monthly payout for the remaining period in the term, or for at least 5 years. If the claim is made on day one of the policy, your loved ones will receive 12 payouts per year for 20 years. If the claim is made 19 years later (one year left on the term), your loved ones will receive 12 payouts per year for 5 years (5 year minimum payout). Because the total number of payouts decreases over time, Haven Secure is more aligned with typical coverage needs and more affordable than a lump sum term life policy.