Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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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 26, 2021

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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.

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Facts You Should Know

  • Nationwide offers more affordable rates to men of various ages than Haven Life Insurance Agency
  • Nationwide also offers more affordable rates to women of various ages than Haven Life 
  • Haven Life received a higher rating from A.M. Best

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. Nationwide life insurance today.

Our Nationwide and Haven Life insurance review will cover the term life insurance rates offered to men and women of various ages. Furthermore, ratings from both the Better Business Bureau and A.M. Best will be covered.

Before we dive into our Haven Life vs. Nationwide life insurance comparison, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.

Haven Life vs. Nationwide: Which company offers more affordable life insurance rates to men?

The simplest place to start when comparing two companies is pricing. Let’s look at a table that compares Haven Life vs. Nationwide 20-year term life insurance rates for men who take out a $250,000 policy.

Average Male Monthly Life Insurance Rates by Age and Company (20-year Term $250,000 Policy)
CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly RatesAge 60 Average Monthly Rates
Protective$20.21$28.38$75.68$205.97
Banner$20.12$32.68$74.39$205.97
AIG$20.24$30.62$77.76$213.57
Foresters$21.00$31.50$79.19$223.56
Accordia Life$27.15$40.05$105.47$300.38
American Amicable$20.48$27.68$51.08$128.93
Liberty Mutual$33.75$55.13$144.68$399.83
Lincoln$12.34$15.22$30.96$71.95
Nationwide $16.02$21.36$53.85$180.23
MassMutual$13.28$16.98$35.03$82.65
Mutual of Omaha$13.33$19.35$33.33$80.84
Cincinnati$13.42$18.70$32.56$78.98
Fidelity Life$19.14$25.01$54.59$73.92
John Hancock$14.09$16.96$28.41$88.14
Haven Life$23.45$31.20$85.47$245.67
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How easy is it to find affordable Haven Life vs. Nationwide insurance quotes? As you can see, men in their 30s pay $7 more per month with Haven Life.

Men in their 40s pay nearly $10 more per month with Haven Life, while men in their 50s pay $32 more.

Is Nationwide cheaper for men in their 60s? For this category, Nationwide is cheaper by $65 per month.

Our Haven Life vs. Nationwide Life Insurance Company review has shown us that Nationwide is the cheaper company for men.

However, should you still be considering a Haven Life term life insurance policy, the following table will give you all the details you will need. Pay particular note to term periods and death benefits.

Haven Term Life Insurance
ISSUE AGES:18-64
LEVEL-PREMIUM PERIODS:10, 15, 20 or 30 Years
DEATH BENEFIT AMOUNTS:$100,000 - $3,000,000 (U.S. Citizens Ages 18-59)
$100,000 - $1,000,000 (U.S. Citizens Ages 60-64)
$100,000 - $1,000,000 (Non-U.S. Citizens Ages 18-64)
HEALTH CLASSES:Ultra-Preferred
Select-Preferred
Select-Preferred Tobacco
Standard
Standard Tobacco
RIDERS:Accelerated Death Benefit (Included)
Haven Life Plus (Included)
Waiver of Premium (Optional)
CONVERTIBLE:None
RENEWABLE:Yes
AVAILABLE STATES:Available in all 50 states nationwide plus the District of Columbia.
POLICY INFORMATION:Haven Term is a Term Life Insurance policy (ICC17DTC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 and offered exclusively through Haven Life Insurance Agency, LLC. Policy and rider form numbers and features may vary by state and may not be available in all states.
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Now that we have some more details, let’s see if the companies’ offered rates to women can balance the scale.

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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. Nationwide life insurance rates for women. This data is for a 20-year term life policy valued at $5,000.

Average Monthly Life Insurance Rates for Females by Age and Company (20-year Term $500,000 Policy)
CompanyAge 30 Sample Monthly RatesAge 40 Sample Monthly RatesAge 50 Sample Monthly RatesAge 60 Sample Monthly Rates
Protective$17.63$24.94$55.47$139.32
Banner$17.11$25.49$55.47$145.00
AIG$17.21$27.16$63.06X
Foresters$18.81$27.13$57.75X
AccordiaLife$24.48$34.71$76.99$195.80
AmericanAmicable$16.88$22.50$37.80$88.88
Liberty Mutual$25.20$42.53$107.78$250.65
Lincoln$16.10$21.22$37.41$74.81
Nationwide$16.02$21.36$53.85$180.23
MassMutual$11.98$15.23$29.15$58.73
Mutual of Omaha$11.61$16.56$27.31$57.19
Cincinnati$12.98$16.72$27.28$56.76
Fidelity Life$16.10$22.62$45.68$58.32
John Hancock$12.39$14.86$23.86$50.94
Haven Life$20.01$27.76$68.24$160.40
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Is Haven Life more expensive for women as well? Women in their 30s pay $4 more per month with Haven Life, while a woman in her 40s will pay $6 more.

A woman in her 50s will pay nearly $15 more per month with Haven Life. However, for women in their 60s, Nationwide becomes the more expensive company by nearly $20.

We now know Nationwide is almost universally cheaper than Haven Life, but let’s take a look at the ratings from organizations such as the Better Business Bureau and A.M. Best.

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Haven Life vs. Nationwide: Which company is more well-reviewed?

To wrap up, let’s look at the ratings given to these two companies by A.M. Best. These Financial Strength Ratings (FSR) give potential insured confidence in an insurer’s ability to meet its financial obligations.

Let’s take a look at a table that compare the ratings given to major life insurance companies by A.M. Best.

A.M. Best Ratings for Top Providers
Life Insurance CompanyA.M. Best Rating
Accordia LifeA-
AIGA
ANICOA
AssurityA-
Banner LifeA+
Cincinnati LifeA
FidelityA-
ForestersA
Gerber LifeA
John HancockA+
Lincoln FinancialA+
MetLifeA+
Midland NationalA+
Minnesota LifeA+
Mutual of OmahaA+
NationwideA+
North American CoA+
Pacific LifeA+
PrincipalA+
ProtectiveA+
PrudentialA+
SagicorA-
SBLIA+
SymetraA
TransamericaA+
VOYAA
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Haven Life received a rating of “A++” (Superior), which is the highest rating given by A.M. Best. How did Nationwide fare in comparison? It received a slightly lower rating of “A+.”

The Better Business Bureau is another organization that can provide security in one’s choice of insurance provider.

Haven Life received a rating of “A+” from the Better Business Bureau, the organization’s highest rating. Furthermore, the Better Business Bureau gave Haven Life accreditation.

How did Nationwide compare? As it turns out, not only did Nationwide receive the same rating of “A+,” but accreditation as well.

In review, our Haven Life vs. Nationwide comparison has shown us that Haven Life has a slightly higher A.M. Best rating, but Nationwide offers more affordable rates.

We hope you’ve learned all you needed to decide whether to buy Haven Life vs. Nationwide life insurance. Type your ZIP code into our free and helpful tool below for quotes in your area.

Frequently Asked Questions: Haven Life vs. Nationwide: Top Life Insurance in 2021

What follows is a commonly asked question about these two companies.

#1 – Can I find Nationwide near me?

The list of locations is available on the Nationwide website.