Software · head to head
Haven Life vs CoverWallet
The short version
- Each has a real cost: Haven Life stopped accepting new applications on 12 January 2024. MassMutual wound the business down, citing low consumer adoption and high customer acquisition costs; CoverWallet the Internet Archive's capture of CoverWallet's homepage on 19 December 2020 confirmed it operates as 'an Aon company' offering free instant quotes across insurance lines (general liability, workers compensation, business owners policy, cyber liability, D&O) rather than any published price list.
- They diverge on capability: Haven Life covers Instant quotes, CoverWallet covers Quote comparison.
Where they differ
Only the attributes on which Haven Life and CoverWallet actually diverge.
| Attribute | Haven Life | CoverWallet |
|---|---|---|
| Pricing model | freemium | transaction |
| Founded | 2016 | 2011 |
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 Haven Life
- Instant quotes
- No medical exam
- Fast underwriting
- Multiple term options
- Online application
- Digital policy delivery
- Policy management portal
- 24/7 accessibility
Only in CoverWallet
- Quote comparison
- Expert guidance
- Online binding
- Policy management
- Renewal reminders
- 24/7 support
- Mobile app
- Claims support
Both cover
- 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.
Haven Life
- Life insurance shoppingnot CoverWallet
- Family protectionnot CoverWallet
- Quick policy purchasenot CoverWallet
- Financial securitynot CoverWallet
CoverWallet
- Insurance comparisonnot Haven Life
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
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
CoverWallet
- The Internet Archive's capture of CoverWallet's homepage on 19 December 2020 confirmed it operates as 'an Aon company' offering free instant quotes across insurance lines (general liability, workers compensation, business owners policy, cyber liability, D&O) rather than any published price list.
Pricing, plan by plan
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
CoverWallet
Free- Free AccessFree
- Quote comparison
- Expert advice
- Online binding
Which should you pick?
Choose Haven Life if
- You need instant quotes.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want no medical exam.
Choose CoverWallet if
- You need quote comparison.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want expert guidance.
Questions people ask
- Is Haven Life or CoverWallet better?
- Neither clearly leads. Haven Life starts at Free and CoverWallet at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Haven Life or CoverWallet?
- Haven Life starts at Free and CoverWallet at Free.
- Does Haven Life or CoverWallet run on more platforms?
- Both run on Web, Ios, Android, so platform support will not decide this one for you.
- Can I use Haven Life for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Haven Life best used for?
- Haven Life is most often used for life insurance shopping, family protection, quick policy purchase, financial security. Of those, life insurance shopping and family protection are not what CoverWallet is typically brought in for.
- What can Haven Life do that CoverWallet cannot?
- Haven Life covers Instant quotes, No medical exam, Fast underwriting, Multiple term options. CoverWallet covers Quote comparison, Expert guidance, Online binding, Policy management. Both handle Data encryption, Cloud deployment, Web support, Ios support.