Haven Life vs. Nationwide: Top Life Insurance in 2024
In a comparison of Haven Life vs. Nationwide, it was close, but Nationwide won. Haven Life holds the highest rating from A.M. Best, but it's only slightly higher than the rating held by Nationwide. However, Nationwide offers more affordable rates to men and women of various ages. Compare Haven Life vs. Nationwide life insurance companies before making a choice.
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
UPDATED: Mar 24, 2024
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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Mar 24, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Nationwide offers more affordable rates to men of various ages than Haven Life Insurance Agency
- Nationwide also offers more affordable rates to women of various ages than Haven Life
- Haven Life received a higher rating from A.M. Best
Part of what makes comparing life insurance companies difficult is the sheer number of options on the market. To simplify matters, we will be focusing on Haven Life vs. Nationwide life insurance today.
Our Nationwide and Haven Life insurance review will cover the term life insurance rates offered to men and women of various ages. Furthermore, ratings from both the Better Business Bureau and A.M. Best will be covered.
Before we dive into our Haven Life vs. Nationwide life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.
Haven Life vs. Nationwide: Which company offers more affordable life insurance rates to men?
The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares Haven Life vs. Nationwide 20-year term life insurance rates for men who take out a $250,000 policy.
Average Male Monthly Life Insurance Rates by Age and Company (20-year Term $250,000 Policy)
| Company | Age 30 Average Monthly Rates | Age 40 Average Monthly Rates | Age 50 Average Monthly Rates | Age 60 Average Monthly Rates |
|---|---|---|---|---|
| Protective | $20.21 | $28.38 | $75.68 | $205.97 |
| Banner | $20.12 | $32.68 | $74.39 | $205.97 |
| AIG | $20.24 | $30.62 | $77.76 | $213.57 |
| Foresters | $21.00 | $31.50 | $79.19 | $223.56 |
| Accordia Life | $27.15 | $40.05 | $105.47 | $300.38 |
| American Amicable | $20.48 | $27.68 | $51.08 | $128.93 |
| Liberty Mutual | $33.75 | $55.13 | $144.68 | $399.83 |
| Lincoln | $12.34 | $15.22 | $30.96 | $71.95 |
| Nationwide | $16.02 | $21.36 | $53.85 | $180.23 |
| MassMutual | $13.28 | $16.98 | $35.03 | $82.65 |
| Mutual of Omaha | $13.33 | $19.35 | $33.33 | $80.84 |
| Cincinnati | $13.42 | $18.70 | $32.56 | $78.98 |
| Fidelity Life | $19.14 | $25.01 | $54.59 | $73.92 |
| John Hancock | $14.09 | $16.96 | $28.41 | $88.14 |
| Haven Life | $23.45 | $31.20 | $85.47 | $245.67 |
How easy is it to find affordable Haven Life vs. Nationwide insurance quotes? As you can see, men in their 30s pay $7 more per month with Haven Life.
Men in their 40s pay nearly $10 more per month with Haven Life, while men in their 50s pay $32 more.
Is Nationwide cheaper for men in their 60s? For this category, Nationwide is cheaper by $65 per month.
Our Haven Life vs. Nationwide Life Insurance Company review has shown us that Nationwide is the cheaper company for men.
However, should you still be considering a Haven Life term life insurance policy, the following table will give you all the details you will need. Pay particular note to term periods and death benefits.
| ISSUE AGES: | 18-64 |
| LEVEL-PREMIUM PERIODS: | 10, 15, 20 or 30 Years |
| DEATH BENEFIT AMOUNTS: | $100,000 - $3,000,000 (U.S. Citizens Ages 18-59) $100,000 - $1,000,000 (U.S. Citizens Ages 60-64) $100,000 - $1,000,000 (Non-U.S. Citizens Ages 18-64) |
| HEALTH CLASSES: | Ultra-Preferred Select-Preferred Select-Preferred Tobacco Standard Standard Tobacco |
| RIDERS: | Accelerated Death Benefit (Included) Haven Life Plus (Included) Waiver of Premium (Optional) |
| CONVERTIBLE: | None |
| RENEWABLE: | Yes |
| AVAILABLE STATES: | Available in all 50 states nationwide plus the District of Columbia. |
| POLICY INFORMATION: | Haven Term is a Term Life Insurance policy (ICC17DTC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 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. |
Now that we have some more details, let’s see if the companies’ offered rates to women can balance the scale.
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Which company offers more affordable rates to women?
Let’s now take a look at a table that compares Haven Life vs. Nationwide life insurance rates for women. This data is for a 20-year term life policy valued at $5,000.
Average Monthly Life Insurance Rates for Females by Age and Company (20-year Term $500,000 Policy)
| Company | Age 30 Sample Monthly Rates | Age 40 Sample Monthly Rates | Age 50 Sample Monthly Rates | Age 60 Sample Monthly Rates |
|---|---|---|---|---|
| Protective | $17.63 | $24.94 | $55.47 | $139.32 |
| Banner | $17.11 | $25.49 | $55.47 | $145.00 |
| AIG | $17.21 | $27.16 | $63.06 | X |
| Foresters | $18.81 | $27.13 | $57.75 | X |
| AccordiaLife | $24.48 | $34.71 | $76.99 | $195.80 |
| AmericanAmicable | $16.88 | $22.50 | $37.80 | $88.88 |
| Liberty Mutual | $25.20 | $42.53 | $107.78 | $250.65 |
| Lincoln | $16.10 | $21.22 | $37.41 | $74.81 |
| Nationwide | $16.02 | $21.36 | $53.85 | $180.23 |
| MassMutual | $11.98 | $15.23 | $29.15 | $58.73 |
| Mutual of Omaha | $11.61 | $16.56 | $27.31 | $57.19 |
| Cincinnati | $12.98 | $16.72 | $27.28 | $56.76 |
| Fidelity Life | $16.10 | $22.62 | $45.68 | $58.32 |
| John Hancock | $12.39 | $14.86 | $23.86 | $50.94 |
| Haven Life | $20.01 | $27.76 | $68.24 | $160.40 |
Is Haven Life more expensive for women as well? Women in their 30s pay $4 more per month with Haven Life, while a woman in her 40s will pay $6 more.
A woman in her 50s will pay nearly $15 more per month with Haven Life. However, for women in their 60s, Nationwide becomes the more expensive company by nearly $20.
We now know Nationwide is almost universally cheaper than Haven Life, but let’s take a look at the ratings from organizations such as the Better Business Bureau and A.M. Best.
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Read More:
- Top Life Insurance Company That Offers 20-Year Terms
- Top Life Insurance Companies That Offer 30-Year Terms
Haven Life vs. Nationwide: Which company is more well-reviewed?
To wrap up, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.
Let’s take a look at a table that compare the ratings given to major life insurance companies by A.M. Best.
A.M. Best Ratings for Top Providers
| Life Insurance Company | A.M. Best Rating |
|---|---|
| Accordia Life | A- |
| AIG | A |
| ANICO | A |
| Assurity | A- |
| Banner Life | A+ |
| Cincinnati Life | A |
| Fidelity | A- |
| Foresters | A |
| Gerber Life | A |
| John Hancock | A+ |
| Lincoln Financial | A+ |
| MetLife | A+ |
| Midland National | A+ |
| Minnesota Life | A+ |
| Mutual of Omaha | A+ |
| Nationwide | A+ |
| North American Co | A+ |
| Pacific Life | A+ |
| Principal | A+ |
| Protective | A+ |
| Prudential | A+ |
| Sagicor | A- |
| SBLI | A+ |
| Symetra | A |
| Transamerica | A+ |
| VOYA | A |
Haven Life received a rating of “A++” (Superior), which is the highest rating given by A.M. Best. How did Nationwide fare in comparison? It received a slightly lower rating of “A+.”
The Better Business Bureau is another organization that can provide security in one’s choice of insurance provider.
Haven Life received a rating of “A+” from the Better Business Bureau, the organization’s highest rating. Furthermore, the Better Business Bureau gave Haven Life accreditation.
How did Nationwide compare? As it turns out, not only did Nationwide receive the same rating of “A+,” but accreditation as well.
In review, our Haven Life vs. Nationwide comparison has shown us that Haven Life has a slightly higher A.M. Best rating, but Nationwide offers more affordable rates.
We hope you’ve learned all you needed to decide whether to buy Haven Life vs. Nationwide life insurance. Type your ZIP code into our free and helpful tool below for quotes in your area.
Frequently Asked Questions: Haven Life vs. Nationwide: Top Life Insurance in 2021
What follows is a commonly asked question about these two companies.
#1 – Can I find Nationwide near me?
The list of locations is available on the Nationwide website.
Your one-stop online guide for life insurance quotes. Get free quotes now!
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Leslie Kasperowicz
Farmers CSR for 4 Years
Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.