Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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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...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 15, 2021

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The Brief

  • Haven Life has a 10-day free look period
  • There are other companies that are as well-reviewed as Haven Life, but also cheaper
  • Haven Life has multiple contact methods

If you have a policy with Haven Life and need to make a change, don’t worry. We’re going to tell you how to cancel Haven Life insurance in three easy steps.

We’ll inform you of the company’s cancellation policy, some replacement options, and contact methods.

Before you learn how to cancel Haven Life insurance company coverage, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.

What is Haven Life’s cancellation policy?

Haven Life has what is called a free look period. This means that a policyholder may cancel their policy within 10 days of receiving it.

What happens once the free look period is over? If this doesn’t apply to you and you cancel your policy after the free look period, you will not receive a refund of the premiums paid. However, you also won’t pay a penalty.

Cancelling a whole life (permanent life) policy has a further benefit. Whole life insurance policies, which accrue cash value over time, have a cash payout upon cancelling the policy.

According to the Insurance Information Institute, a surrender fee reduces your surrender cash value, which is the amount received upon policy cancellation.

Let’s move on to the second step: comparison shopping.

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How to Cancel Haven Life Insurance: Finding a Replacement

Now that we’ve covered the first step — knowing what you’re in for in terms of possible fees — let’s go over step two: finding a replacement.

The following table compares Haven Life’s average monthly rate for term life insurance to similarly-sized companies. Furthermore, the companies’ A.M. Best ratings are shown.

Average Term Life Insurance Rates by Lowest Rates
CompanyAverage Monthly Term Life Insurance RatesA.M. Best Rating
Banner Life$9A+
Principal$9A+
Protective$9A+
Guardian Life$10A++
MassMutual$10A++
Haven Life$11A++
John Hancock$11A+
New York Life$11A++
Mutual of Omaha$12A+
USAA$12A++
Nationwide$13A+
Allstate$15A+
State Farm$15A++
Prudential$16A+
Northwestern MutualN/AA++
Pacific LifeN/AA+
PrimericaN/AA+
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As you can see, Haven Life holds A.M. Best’s highest-possible rating. However, there are five competitors with cheaper monthly rates. In short, you have several options for a comparable or better provider.

Contact Options to Cancel Haven Life Insurance

Now that you know some replacement options and what’s in store for you if you cancel, what do you have to do to cancel a Haven Life insurance policy?

Haven Life has several contact methods to cancel a policy. First is the phone number: 855-744-2836. This number is active on weekdays from 9 AM to 6 PM ET.

You can also live chat with them on the Haven Life website as well as send a letter to 60 Madison Ave, 7th Floor New York, NY 10010.

Now that you know how to cancel Haven Life insurance, type your ZIP code into our free and helpful tool below to find affordable life insurance companies near you.

Frequently Asked Questions: How to Cancel Haven Life Insurance in 3 Easy Steps

What follows is a frequently asked question about Haven Life.

#1 – Where can I find Haven Life reviews?

You can find reviews and Haven Life careers on the Haven Life Glassdoor page.