Software · head to head
Bold Penguin vs Haven Life
The short version
- Each has a real cost: Bold Penguin sold to brokers, carriers and MGAs rather than to the businesses buying insurance; Haven Life stopped accepting new applications on 12 January 2024. MassMutual wound the business down, citing low consumer adoption and high customer acquisition costs
- They diverge on capability: Bold Penguin covers Multi-carrier quoting, Haven Life covers No medical exam.
Where they differ
Only the attributes on which Bold Penguin and Haven Life actually diverge.
| Attribute | Bold Penguin | Haven Life |
|---|---|---|
| Pricing model | transaction | freemium |
| Founded | 2019 | 2016 |
Identical on both: starting price (Free), free tier (Yes), platforms (Web, Ios, Android), user rating (Not yet rated), category (Unknown).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Bold Penguin
- Multi-carrier quoting
- Online binding
- Customer portal
- Commission tracking
- Mobile app
- API access
- Reporting
- Multiple carriers
Only in Haven Life
- No medical exam
- Fast underwriting
- Multiple term options
- Online application
- Digital policy delivery
- Policy management portal
- 24/7 accessibility
- Payment processing
Both cover
- Instant quotes
- Data encryption
- Cloud deployment
- Web support
- Ios support
- Android support
- English language support
What people use each for
The jobs each tool is most often brought in to do.
Bold Penguin
- Routing and triaging commercial insurance submissionsnot Haven Life
- Automating submission to bind through the Terminal platformnot Haven Life
- Handling complex middle market submissions with SubmissionLinknot Haven Life
- Policy checking with ClauseLinknot Haven Life
Haven Life
- Life insurance shoppingnot Bold Penguin
- Family protectionnot Bold Penguin
- Quick policy purchasenot Bold Penguin
- Financial securitynot Bold Penguin
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Bold Penguin
- Sold to brokers, carriers and MGAs rather than to the businesses buying insurance
- Pricing is not published
Haven Life
- Stopped accepting new applications on 12 January 2024. MassMutual wound the business down, citing low consumer adoption and high customer acquisition costs
- havenlife.com now redirects to massmutual.com
- Existing policies remain valid and are administered by MassMutual, but the product cannot be bought
Pricing, plan by plan
Bold Penguin
Free- Broker AccessFree
- Multi-carrier quotes
- Instant quoting
- Commission tracking
Haven Life
Free- Quote ToolFree
- Instant quotes
- No medical exam
- Coverage customization
- Term Life Insurance$undefined/month
- 10, 20, or 30-year terms
- Fast underwriting
- Guaranteed rates
Which should you pick?
Choose Bold Penguin if
- You need multi-carrier quoting.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want online binding.
Choose Haven Life if
- You need no medical exam.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want fast underwriting.
Questions people ask
- Is Bold Penguin or Haven Life better?
- Neither clearly leads. Bold Penguin starts at Free and Haven Life at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Bold Penguin or Haven Life?
- Bold Penguin starts at Free and Haven Life at Free.
- Does Bold Penguin or Haven Life run on more platforms?
- Both run on Web, Ios, Android, so platform support will not decide this one for you.
- Can I use Bold Penguin for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Bold Penguin best used for?
- Bold Penguin is most often used for routing and triaging commercial insurance submissions, automating submission to bind through the terminal platform, handling complex middle market submissions with submissionlink, policy checking with clauselink. Of those, routing and triaging commercial insurance submissions and automating submission to bind through the terminal platform are not what Haven Life is typically brought in for.
- What can Bold Penguin do that Haven Life cannot?
- Bold Penguin covers Multi-carrier quoting, Online binding, Customer portal, Commission tracking. Haven Life covers No medical exam, Fast underwriting, Multiple term options, Online application. Both handle Instant quotes, Data encryption, Cloud deployment, Web support.
Related pages
More on Bold Penguin
Keep looking
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