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 30, 2021

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It’s all about you. We want to help you make the right life insurance coverage choices.

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.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Principal offers more affordable rates per month to men and women of various ages than Haven Life
  • Haven Life offers a policy called Haven Simple, a form of no medical exam term life insurance.
  • A.M. Best gave a higher rating to Haven Life

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. Principal life insurance today.

Our Principal and Haven Life insurance review will cover pricing and A.M. Best ratings.

Before we dive into our Haven Life vs. Principal life insurance comparison, type your ZIP code into our free and helpful tool above. With it, you’ll find the most affordable life insurance quotes in your area.

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

The simplest place to start when pitting two companies together is pricing. Let’s look at a table that compares Haven Life vs. Principal monthly term life insurance rates for men.

Haven Life vs. Others: Term Life Average Monthly Rates for Males
Company30-Year-Old Male Average Monthly Rates40-Year-Old Male Average Monthly Rates50-Year-Old Male Average Monthly Rates60-Year-Old Male Average Monthly Rates
Securian Financial$8.81$11.04$22.17N/A
SBLI$11.80$14.53$31.88$75.61
Lincoln$12.34$15.22$30.96$71.95
Transamerica$12.47$18.71$37.41$86.86
Sagicor$12.60$17.07$43.59$103.05
Principal$12.69$15.80$31.15$71.97
Nassau Life$17.43$26.15$51.69$119.78
Prudential$21.88$25.60$38.07$79.41
Haven Life$23.45$31.20$85.47$245.67
State Farm$24.59$33.72$69.59N/A
Compare RatesStart Now →

How easy is it to find affordable Haven Life vs. Principal life insurance quotes? As you can see, a man in his 30s pays about $11 more per month with Haven Life.

Men in their 40s pay even more with Haven Life, at about $16 per month. How about men in their 50s and 60s? Men in these age ranges pay $54 and $173 less per month, respectively, with Principal.

Our Haven Life vs. Principal life insurance review has shown us that Principal offers substantially more affordable rates to men than Haven Life.

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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. Principal life insurance rates for women.

Haven Life vs. Others: Term Life Average Monthly Rates for Females
Company30 -Year-Old Average Monthly Rates40-Year-Old Average Monthly Rates50-Year-Old Average Monthly Rates60-Year-Old Average Monthly Rates
Haven Life $20.01$27.76$68.24$160.40
Nassau Life$16.14$22.52$42.11$89.06
Principal$11.27$14.39$25.94$51.41
Prudential$17.72$21.22$37.63$59.07
Sagicor$10.95$15.10$36.75$63.78
SBLI$10.38$13.08$26.72$53.85
Securian Financial$8.21$9.83$17.31N/A
State Farm$18.72$28.49$54.59N/A
Transamerica$11.18$16.34$29.89$71.81
Compare RatesStart Now →

As you can see, Principal is again the cheaper company. A woman in her 30s will pay nearly $9 less per month with Principal, while a woman in her 40s will pay $13 less.

How about women in their 50s and 60s? In these categories, women pay $43 and $109 more with Haven Life for term life insurance per month.

Since we know Principal is the cheaper company overall, let’s wrap up with A.M. Best ratings.

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Haven Life vs. Principal: 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 a potential insured confidence in an insurer’s ability to meet its financial obligations.

Haven Life received a rating of “A++” (Superior), which is the highest rating given by A.M. Best. Principal received a slightly lower rating of “A+.”

In review, our Haven Life vs. Principal comparison has shown us that Principal offers more affordable rates while Haven Life holds a higher A.M. Best rating. In effect, it was a tie.

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

Frequently Asked Questions: Haven Life vs. Principal

What follows are a few commonly asked questions about  Haven Life and Principal life insurance companies.

#1 – Is Haven Life insurance no medical exam, no questions?

Haven Life offers a policy called Haven Simple, which is a form of no medical exam term life insurance.

#2 – What is the Principal Life Insurance company address?

The headquarters address is P.O. Box 10431, Des Moines, IA 50306-0431.

#3 – What is the number for the Principal Life Insurance customer service department?

Principal’s customer service department can be reached at 1-800-986-3343.

#4 – How do I, as a provider of Principal Life Insurance, access my information?

You can type in your Principal Life Insurance provider login information on the company webpage.