(Image source: Covr homepage.)
Covr Financial Technologies (Hartford) and Haven Life (New York), the consumer-focused startup life insurance agency wholly owned by MassMutual (Springfield, Mass.), are today announcing a partnership that helps more customers purchase the life insurance protection they need. This new collaboration brings products sold by Haven Life to the financial institutions that use Covr’s industry-leading, white-labeled digital life insurance platform.
“Covr and Haven Life share a common vision to help people secure life insurance in the most efficient and cost-effective way,” comments Mike Kalen, CEO, Covr. “We’re thrilled to add Haven Life to our platform. Their leadership in simplifying and tailoring insurance solutions to customer needs stands out as an industry innovator.”
Covr characterizes its partnership with Haven Life as enabling both companies to reach an increasing number of financial institutions and their customers. Covr’s white-labeled digital consumer life insurance platform includes single session “apply and buy” insurance, multi-carrier insurance solutions, needs analysis tools, educational content, and telephone-based sales support.
Convenient Access to Affordable Coverage
Through the Covr platform, customers at banks and credit unions can now purchase the Haven Term policy, a fully underwritten term life insurance policy issued by MassMutual. Customers who choose Haven Life can apply online and, if approved, purchase life insurance from any device, in minutes. The value proposition to consumers is the affordable coverage issued by a reputable insurer, as well access to Haven Life Plus, an rider that provides no-cost benefits, including a digital will service, an on-demand fitness app, a digital document storage vault and more to eligible customers, according to Covr.
“I started Haven Life to make buying life insurance simple for busy families like mine,” comments Yaron Ben-Zvi, CEO, Haven Life. “I’m proud to have our products featured on Covr’s platform and am excited about the impact the partnership has already had to date. We look forward to continuing to expand access to affordable and convenient life insurance coverage through Covr.”