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Compare Haven Life vs. Northwestern Mutual Life Insurance

What’s the difference between Haven Life Insurance and Northwestern Mutual Life Insurance? See how our editors compare the two companies below.
Last Updated: April 18, 2024
Haven Life Insurance
5.0 / 5 - Excellent
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Northwestern Mutual
4.8 / 5 - Excellent
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Key Facts

  • Buy a term life insurance policy entirely online with no agents
  • Available nationwide to adults ages 20 - 64.
  • Apply for a 20-year, $250,000 policy that costs less than $15 a month
  • Coverage issued by C.M. Life Insurance Company, a MassMutual subsidiary
  • Strong financial rating
  • Build cash value with flexible premiums
  • Guaranteed death benefits
  • Living/ accelerated death benefits
  • Spouse protection

OVERALL RATINGS

 Haven LifeNorthwestern Mutual
Company Stability5.0/55.0/5
Reputation5.0/54.8/5
Policies & Coverage5.0/54.5/5

Overall 2


Financial Strength

Key Details

 Haven LifeNorthwestern Mutual
Underwriter
Issued by MassMutual or its subsidiary C.M. Life
The Northwestern Mutual Life Insurance Company
Marketshare
4.28%
Premiums Written 2019
$5,468,520,574
Standard & Poor's Financial Rating
AA+
AA+
Moody's Financial Rating
Aa2
Aaa
AM Best Financial Rating
A++
A++
Additional Financial Information
Financial Information applies to MassMutual or C.M. Life, issuers of the policies offered through Haven Life.
*The above information reflects the market share, premiums, and financial strength of the issuer of the Haven Life life insurance policies: Issued by MassMutual or its subsidiary C.M. Life.
*The above information reflects the market share, premiums, and financial strength of the issuer of the Northwestern Mutual life insurance policies: The Northwestern Mutual Life Insurance Company.

Reputation & Customer Experience

Company Reputation

MassMutual holds a Better Business Bureau rating of A+. Similarly, Haven Life has received excellent customer ratings on independent review sites such as Trustpilot.com, where the company earns 4.7 out of 5 stars. Customer feedback for Haven Life is consistently good with clients praising the ease, speed, and quality of their services.

National Association of Insurance Commissioners

 Haven LifeNorthwestern Mutual
NAIC Complaint Ratio 2017
0.05
0.03
*The NAIC complaint ratio (in this case 0.05) is a ratio of the number of complaints a company received for the total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.
*The NAIC complaint ratio (in this case 0.03) is a ratio of the number of complaints a company received for the total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Customer Ratings

 Haven LifeNorthwestern Mutual
Trust Pilot Rating
4.7 out of 5
BBB Rating
A+
A+
Date Collected
2021-01-21
2019-02-07

Policy Differences

Haven Life offers customers the following life insurance policies: Haven Term, Haven Simple.
Northwestern Mutual offers customers the following life insurance policies: Term, Whole Life, Universal Life, Variable Universal Life.

Term Life Insurance

 Haven LifeNorthwestern Mutual
Maximum Death Benefit
$3
Haven Life
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Northwestern Mutual
  • Term-Permanent Conversions
  • Guaranteed Level Premiums
  • Guaranteed Renewability
  • Opportunity to Earn Dividends
Haven Life
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Northwestern Mutual
  • Lifetime Coverage
  • Opportunity to Earn Dividends
  • Guaranteed Renewability
  • Guaranteed Insurability
  • Cash Value
  • Guaranteed Level Premiums
Haven Life
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Northwestern Mutual

DO NOT USE - Quotacy Policies 1

DO NOT USE - Quotacy Policies 2


Flexibility and Available Riders

Haven Life
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Northwestern Mutual
  • Waiver of Premium
  • Early Payment Benefit
Haven Life
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Northwestern Mutual
  • Waiver of Premium
  • Early Payment Benefit
  • Additional Purchase Benefit
Haven Life
vs
Northwestern Mutual
  • Waiver of Premium

Additional Company Information

 Haven LifeNorthwestern Mutual
Homepage URL
Company Phone
(855) 744-2836
(414) 271-1444
Headquarters Address
60 Madison Ave Fl 7, New York, NY, 10010
720 East Wisconsin Ave., Milwaukee, WI, 53202
Year Founded
2013
1857

DISCLAIMER

Haven Term is a Term Life Insurance Policy (ICC21 HAVEN TERM in certain states, including NC; HAVEN TERM CA21 in California) issued by C.M. Life Insurance Company (C.M. Life), Enfield, CT 06082. In New York (DTC-NY) and in other states it is issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001. Haven Life Plus (Plus) is the marketing name for the Plus Rider which is included as part of the Haven Term policy. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). Haven Simple is a Simplified Issue Term Life Insurance Policy (ICC20 HAVEN SIMPLE in certain states, including NC) issued by C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Haven Life's license number in California is OK71922 and in Arkansas 100139527.. Haven Life Plus (Plus) is the marketing name for the Plus Rider which is included as part of the Haven Term policy. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). Haven Simple is a Simplified Issue Term Life Insurance Policy (ICC20 HAVEN SIMPLE in certain states, including NC) issued by C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.

Final Verdict

Haven Life Insurance has a higher overall rating than Northwestern Mutual Life Insurance. Haven Life scores better than Northwestern Mutual across: Reputation, and Policies & Coverage. Both companies score similarly on Company Stability, and Flexibility & Available Riders.