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Introducing Life Insurance

December 2, 2020

Waffle has partnered with Haven Life Insurance Agency(1) to offer Life Insurance.


No one loves talking about death, but Life Insurance can provide financial security for your loved ones in the case of your untimely passing. When we surveyed potential customers, Life Insurance emerged as one of the most common ways people considered protecting those closest to them.


Why We Choose to Partner with Haven Life


Our entire founding team has tried to buy Life Insurance in the past and we were all put-off by the need for a medical exam; either we failed to find an appointment time that worked, or the process took too long overall. In our searching for a partner, we wanted insurance where the medical exam step was skipped altogether. Haven Life, with its simplified issuance term life policy, offers just that.


By partnering with Haven Life, we also have the backing of their parent company MassMutual, one of the largest providers of Life Insurance in the world.


A Brief Overview Of The Protection Offered


We’re offering Haven Life’s Simplified Issuance Term life Insurance Product. The policy provides a guaranteed, untaxed, financial payout to your beneficiaries in the event of your death (you can list up to 10 primary beneficiaries and 10 contingent beneficiaries).(1)


You’re able to select benefit amounts of up to $500K, for periods of 5, 10, or 15 years (again, your choice). To top it all off, the amount that you pay each month won't change throughout the life of the policy.


Buying Life Insurance Through Waffle


After you’ve selected Life Insurance on the product screen, you’ll have to answer four simple questions about your sex, height, weight, and whether you smoke. This helps us understand more about you so we can provide you with an accurate quote.


You’ll then be shown your two options for tailoring the policy:


  • Policy Amount.
  • Policy Length.


As you make changes, your quote will be updated in real time. Once you’re happy with your choices, you’ll be forwarded to Haven Life’s portal to finalize your policy (you’ll need to create a new account with Haven Life).


Haven Life may ask a few additional medical questions, but absolutely won’t need a medical exam (issuing a policy or paying its benefits depends on the applicant’s insurability, based on their answers to the health questions in the application, and their truthfulness). After you’ve signed up, Haven Life will send you some additional information about your policy.


In Conclusion


Life Insurance helps protect those you love in the event of your untimely passing. We hope you’ll enjoy the peace of mind your Life Insurance brings (we sure have).


If you have any questions at all, please let us know, either at contact@waffle-labs.com or through the Waffle app’s chat function. Haven Life can be contacted directly at https://havenlife.com/contact.


(1) Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082 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. Haven Life’s agency license number in California is OK71922 and in Arkansas 100139527.
(2) Assuming everything is legally in order.