Haven Life vs. Transamerica: Top Life Insurance in 2024
In a comparison of Haven vs. insurance companies, it was close. Looking between Haven and insurance rates, it's clear that offers more affordable rates to men and women of various ages than Haven . Haven , however, holds a higher rating from A.M. Best.
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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 15, 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.
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 15, 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
- Transamerica offers more affordable rates to men and women of various ages than Haven Life
- Transamerica holds an A rating from A.M. Best
- Haven Life holds a higher rating from A.M. Best, with an A++
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. Transamerica life insurance today.
Our Transamerica and Haven Life insurance review will cover the prices offered by these companies to men and women of various ages. Also, Haven Life and Transamerica A.M. Best ratings will be taken into account.
Before we dive into our Haven Life vs. Transamerica life insurance comparison, type your ZIP code into our free and helpful tool above. With it, you’ll find the most affordable life insurance quotes in your area.
Haven Life vs. Transamerica: Which company offers more affordable term life insurance rates to men?
The simplest place to start when pitting two companies together is pricing. If you’re looking to obtain coverage without breaking the bank, term life insurance is almost certainly the route to take.
Term life insurance guarantees a death benefit should the insured pass away during the established term. Upon the expiration of the term, the policyholder has the choice of renewal or conversion.
Should the policy be converted to whole (permanent) life insurance coverage, the insured will be entitled to more benefits. However, they will also be subject to higher premiums.
Let’s look at a table that compares Haven Life vs. Transamerica monthly term life insurance rates for men.
Haven Life vs. Others: Term Life Average Monthly Rates for Males
| Company | 30-Year-Old Male Average Monthly Rates | 40-Year-Old Male Average Monthly Rates | 50-Year-Old Male Average Monthly Rates | 60-Year-Old Male Average Monthly Rates |
|---|---|---|---|---|
| Securian Financial | $8.81 | $11.04 | $22.17 | N/A |
| SBLI | $11.80 | $14.53 | $31.88 | $75.61 |
| Lincoln | $12.34 | $15.22 | $30.96 | $71.95 |
| Transamerica | $12.47 | $18.71 | $37.41 | $86.86 |
| Sagicor | $12.60 | $17.07 | $43.59 | $103.05 |
| Principal | $12.69 | $15.80 | $31.15 | $71.97 |
| Nassau Life | $17.43 | $26.15 | $51.69 | $119.78 |
| Prudential | $21.88 | $25.60 | $38.07 | $79.41 |
| Haven Life | $23.45 | $31.20 | $85.47 | $245.67 |
| State Farm | $24.59 | $33.72 | $69.59 | N/A |
How easy is it to find affordable Haven Life vs. Transamerica life insurance quotes? As you can see, men in their 30s pay nearly $11 more per month with Haven Life.
Men in their 40s pay nearly $13 more per month with Haven Life while men in their 50s pay a whopping $48 more per month.
Is Haven Life also more expensive for women in their 60s? Yes, for this category Transamerica is $159 cheaper per month.
In short, Transamerica definitively offers more affordable rates to men of various ages than Haven Life.
Let’s move on to the next section of our Haven Life vs. Transamerica life insurance review where we will analyze the prices offered to women of various ages for term life insurance.
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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. Transamerica life insurance rates for women.
Haven Life vs. Others: Term Life Average Monthly Rates for Females
| Company | 30 -Year-Old Average Monthly Rates | 40-Year-Old Average Monthly Rates | 50-Year-Old Average Monthly Rates | 60-Year-Old Average Monthly Rates |
|---|---|---|---|---|
| Haven Life | $20.01 | $27.76 | $68.24 | $160.40 |
| Nassau Life | $16.14 | $22.52 | $42.11 | $89.06 |
| Principal | $11.27 | $14.39 | $25.94 | $51.41 |
| Prudential | $17.72 | $21.22 | $37.63 | $59.07 |
| Sagicor | $10.95 | $15.10 | $36.75 | $63.78 |
| SBLI | $10.38 | $13.08 | $26.72 | $53.85 |
| Securian Financial | $8.21 | $9.83 | $17.31 | N/A |
| State Farm | $18.72 | $28.49 | $54.59 | N/A |
| Transamerica | $11.18 | $16.34 | $29.89 | $71.81 |
Is Transamerica cheaper for women as well? As you can see, a woman in her 30s will pay nearly $9 more per month with Haven Life.
How about women in their 40s? These women will pay over $11 more per month with Haven Life. As for women in their 50s and 60s, they’ll be paying $38 and $88 more per month, respectively, with Haven Life.
However, should you still be considering Haven Life, here is a look at its term life coverage in greater detail. It’s worth being cognizant of both the level-premium periods (and the corresponding age ranges) and benefits.
Coverage Outline for Haven Life
| Issue Ages: | 18-65 |
| Level-Premium Periods: | U.S. Citizens ages 18 to 49: 10, 15, 20 and 30 years U.S. Citizens ages 50 to 65: 10, 15, and 20 years |
| Death Benefit Amounts: | $25,000 - $500,000 |
| Health Classes: | Standard Non-Tobacco User Standard Tobacco User |
| Riders: | Accelerated Death Benefit (Included) |
| Convertible: | None |
| Renewable: | Yes |
| Availability by State: | Available in 44 states plus the District of Columbia. Currently not available in California, Florida, New York, North Dakota, South Dakota, and Delaware |
| Policy Information: | Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by C.M. Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states. |
Since we know Transamerica is the cheaper company across the board, let’s wrap up with Transamerica and Haven Life Insurance reviews from A.M. Best.
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Haven Life vs. Transamerica Life Insurance Company: Which company is more well-reviewed?
To wrap up, let’s look at the ratings given to Haven Life and Transamerica life insurance companies by A.M. Best. These Financial Strength Ratings (FSR) can give you confidence in an insurer’s ability to meet its financial obligations.
Haven Life received a rating of “A++” (Superior), which is the highest rating given by A.M. Best.
What rating did A.M. Best give Transamerica? Transamerica received a rating of “A” (Excellent).
In conclusion, our Haven Life vs. Transamerica comparison has shown us that Transamerica offers more affordable rates to men and women of various ages but Haven Life holds a higher A.M. Best rating.
We hope you have learned all you needed to decide between whether to buy Haven Life vs. Transamerica life insurance. Type your ZIP code into our free and helpful tool below for quotes in your area.
Read more:
- Haven Life vs. Mutual of Omaha: Top Life Insurance
- Haven Life vs. Nationwide: Top Life Insurance
- Haven Life vs. North American: Top Life Insurance
- Haven Life vs. Protective: Top Life Insurance
- Haven Life vs. Prudential: Top Life Insurance
- Transamerica Life Insurance Company Review
Frequently Asked Questions: Haven Life vs. Transamerica
What follows is a question commonly asked about one of these two companies.
#1 – What is the Transamerica Life Insurance address?
The Transamerica Life Insurance Company’s address is PO Box 869092. Plano, TV 75086-9092.
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.