Haven Life partners with Asteya to provide stable monthly term life insurance benefit to customers

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NEW YORK, May 25, 2022 /PRNewswire/ — Haven Life, the digital life insurance agency backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), has launched a new partnership with a digital insurance platform, Asteya. Through this partnership, Haven Life’s Haven Secure, a term life insurance product, will be available for purchase directly to consumers on Asteya’s website and through Asteya’s network of partner agents and brokers. .

Asteya is dedicated to helping individuals secure their incomes for the future, so people can focus on living today. By leveraging Haven Technologies’ API to fully integrate the Haven Secure offering and purchase process on Asteya’s website, Asteya helps individuals do just that – take the guesswork out of how much protection to purchase. life insurance they need by selecting coverage that reflects their monthly income or matches a large recurring expense (like a mortgage). Which makes it even more convenient that clients, whether applying directly on the Asteya website or through a partner agent or broker, do not need to take a medical exam. to finalize Haven Secure coverage, allowing applicants to receive a decision within minutes.

Once purchased, should the policyholder die during the selected term (up to 30 years from the date of purchase), Haven Secure would provide loved ones with a stable monthly benefit until the end of the term or five years, whichever is longer.

“Too often, individuals put off buying life insurance due to confusion about what coverage they really need. With Haven Secure, our goal is to take that guesswork out,” said declared Wade Seward, head of distribution strategy at Haven Life. “Discussing with Asteya, we achieved a natural alignment in our goals – removing the worries of tomorrow to ensure you can focus on today. We are delighted to help customers and the agent network and to partner brokers of Asteya to gain that peace of mind.”

“Asteya is focused on helping its customers reduce the complexity of the traditional insurance buying process and ensure they have the stream of income they need to protect their families,” said Hadi Radwan, Co-founder at Asteya. “Haven Secure’s innovative approach to providing a stable monthly benefit to clients is exactly the type of policy that will help our clients, agents and brokers deliver on that promise.”

For more information on Haven Secure, visit https://havensecure.havenlife.com/. Information on how to join the Asteya Partner Network is available at https://www.asteya.world/partner.

About Haven Life

Haven Life Insurance Agency, LLC (Haven Life) is rethinking the way people financially protect those they love. Haven Life is committed to providing exceptional products, enjoyable shopping experiences and meaningful moments of service to the modern life insurance customer.

Haven Secure is a term life insurance policy (ICC20DTR 0420 in some states including NC) issued by CM Life Insurance Company, a subsidiary of MassMutual, Enfield, Connecticut 06082. Policy and endorsement form numbers and specifications may vary by state and may not be available in all states.

The issuance of the policy or the payment of its benefits depends on the insurability of the applicant, based on his answers to the health questions of the application, and on his sincerity.

About Asteya

Asteya is an insurtech company whose mission is to make income insurance accessible to everyone. Asteya’s goal is to support people’s financial, physical and mental health so they can focus on life. Asteya was founded in 2019 and is backed by I2BF Ventures, Capital Factory, Cap Meridian Ventures and Northstar.vc. For more information about Asteya, its mission and its products, visit www.Asteya.world.

SOURCE Haven Life

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