Originally Published: Aug 14, 2020 Last Updated: Jun 22, 2021 3 min read
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If 2020 has taught us anything, it’s that life is unpredictable. Financial Gurus always recommend being prepared for an emergency, but that advice is often misunderstood.

Simple wisdom is making a comeback.

Everyone knows you need an emergency fund and experts recommend stashing away 3-6 months of expenses but there's another simple piece of advice you might not have taken yet. If you have a family, you need term life insurance.

On the fence? Text this article to your significant other.

Your workplace life insurance coverage is not enough.

If you have a family, experts recommend 10x your annual salary. So if you make $50k a year, that means $500k in coverage. Many workplace life insurance policies have coverage limits far below that.

The industry has changed.

New fintech companies have disrupted the life insurance industry. Historically the vast majority of life insurance policies required painful trips to get blood drawn and weeks of waiting; not anymore.

How to get started online: input little more than your birthday and email address at Haven Life and in just a few clicks you can apply for online life insurance. Get excited.

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Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) 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. In NY, Haven Term is DTC-NY. In CA, Haven Term is DTC-CA. Our Agency license number in California is 71922 and in Arkansas, 100139527.
[1] $20 quote healthy, non-smoking, woman seeking $500,000 for 20 years.
[2] Not all applicants will qualify for the ‘InstantTerm’ approval process which will require no medical exam. Issuing the 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.
[3] 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 September 15th, 2020 and is subject to change. MassMutual has received different ratings from other rating agencies.