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Haven Life vs Majesco Policy for L&A

Haven Life logo

Haven Life

Software

Life insurance by New York Life

From
Free
Rated
-
Full reviewWebsite
Majesco Policy for L&A logo

Majesco Policy for L&A

Software

Modern policy administration for life & annuity

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Haven Life has a free tier, so it costs nothing to try first.
  • 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; Majesco Policy for L&A majesco Policy for L&A and Group publishes no price on its own brochure page; the entire page is built around "Request a Demo" and "Contact Us" links with no figure, tier name, or trial length given anywhere (archived brochure page, 18 May 2021)
  • They diverge on capability: Haven Life covers Instant quotes, Majesco Policy for L&A covers Policy administration.

Where they differ

Only the attributes on which Haven Life and Majesco Policy for L&A actually diverge.

Attributes where Haven Life and Majesco Policy for L&A differ
AttributeHaven LifeMajesco Policy for L&A
Starting priceFreeOn request
Pricing modelfreemiumsubscription
Free tierYesNo
PlatformsWeb, Ios, AndroidWeb, Api
Founded20161982

Identical on both: 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 Majesco Policy for L&A

  • Policy administration
  • Product factory
  • New business processing
  • Underwriting workbench
  • In-force management
  • Claims processing
  • Billing integration
  • Agent portal

Both cover

  • Data encryption
  • Cloud deployment
  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Haven Life

  • Life insurance shoppingnot Majesco Policy for L&A
  • Family protectionnot Majesco Policy for L&A
  • Quick policy purchasenot Majesco Policy for L&A
  • Financial securitynot Majesco Policy for L&A

Majesco Policy for L&A

  • Policy administrationnot Haven Life
  • Product developmentnot Haven Life
  • New business processingnot Haven Life
  • In-force servicingnot Haven Life
  • Digital transformationnot 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

Majesco Policy for L&A

  • Majesco Policy for L&A and Group publishes no price on its own brochure page; the entire page is built around "Request a Demo" and "Contact Us" links with no figure, tier name, or trial length given anywhere (archived brochure page, 18 May 2021)

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

Majesco Policy for L&A

On request
  • Cloud Platform$undefined/year
    • Policy administration
    • Product configuration
    • New business processing
  • Enterprise$undefined/year
    • All Cloud features
    • Advanced underwriting
    • Custom integrations

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.
Haven Life review

Choose Majesco Policy for L&A if

  • You need policy administration.
  • You work on Web, Api.
  • You also want product factory.
Majesco Policy for L&A review

Questions people ask

Is Haven Life or Majesco Policy for L&A better?
Neither clearly leads. Haven Life starts at Free and Majesco Policy for L&A at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Haven Life or Majesco Policy for L&A?
Haven Life has a free tier; the other does not. Paid plans start at Free for Haven Life and On request for Majesco Policy for L&A.
Does Haven Life or Majesco Policy for L&A run on more platforms?
Haven Life runs on Web, Ios, Android. Majesco Policy for L&A runs on Web, Api.
Can I use Haven Life for free?
Yes. Haven Life has a free tier, so you can try it without paying. Majesco Policy for L&A starts at On request.
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 Majesco Policy for L&A is typically brought in for.
What can Haven Life do that Majesco Policy for L&A cannot?
Haven Life covers Instant quotes, No medical exam, Fast underwriting, Multiple term options. Majesco Policy for L&A covers Policy administration, Product factory, New business processing, Underwriting workbench. Both handle Data encryption, Cloud deployment, Web support.
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