Sales League Table 2020 | Banking Technology Winners

Results Announced!

Stay up-to-date with the latest industry news and analysis.

Subscribe to BankTech Daily News today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

Core Banking Market Dynamics Report 2020

Global analysis of core banking system sales. Subscribe now

Haven Life launches Haven Term Simplified – 100% no medical exam product

Haven Life

Jason Krasula, head of distribution and strategy at Haven Life

New York-based Haven Life, wholly-owned by Massachusetts Mutual Life Insurance Company (MassMutual), offering an online solution for buying affordable and dependable life insurance has announced that the company is rolling out a new 100% no medical exam product that can be sold directly through partners.

Haven Term Simplified is considered an ideal offering for clients who prefer a no exam term life insurance buying experience. The solution features plug-and-play API capabilities, an advisor portal for tracking application or applicant status and commissions, and Haven Life’s seamless digital buying experience.

“Haven Life is committed to meeting life insurance customers wherever they are — and often, it’s where they are managing the rest of their financial life. Fintech partners, financial service firms and insurance brokers are looking to offer products that meet their client’s unique needs and purchasing preferences. With Haven Term Simplified, firms can now offer an important financial product directly to their customers in the most convenient way possible,” said Jason Krasula, head of distribution and strategy at Haven Life.

Haven Term Simplified is compatible with a variety of infrastructure needs and partner payment structures. It lets application for the no medical exam, term life insurance product to be completed quickly with the following capabilities:

  • Quote widget: one line of embeddable code for partners who want to integrate the solution and run it on their site.
  • Quote API: enables partners to feature quotes from Haven Life through a widget or can be integrated into a partner’s quote functionality
  • Partner-hosted Application API: Partners who want a self-hosted, fully integrated experience can use the API to offer the solution directly through their website portal or mobile app. The feature is to be launched soon.
  • Telesales: Built for partners who prefer to guide their clients through the life insurance purchasing experience. Haven Life’s partnership portal allows an advisor to capture an applicant’s answers over the phone. The portal includes e-signatures, conversational prompts, and consents via text to streamline the process for both the partner and the client.

“Covr is so pleased to be working with Haven Life. The team’s rapid response to our changing environment has been a stand out among others in the insurance industry. Haven Life’s digital platform for term life insurance is a great fit with our growing customer base,” said Mike Kalen, CEO of Covr Financial Technologies.

Founded in 2103, Haven Life is re-thinking how people financially protect the ones they love. The company’s partnership roster includes companies like Covr Financial Technologies, Stride Health and EZ Assurance.

Related IBS Intelligence Research

Related Posts emerges from stealth mode & launches technology-powered Metal Card, a Philadelphia-based FinTech company, has announced its emergence from stealth mode to debut technology-powered Metal Card, a consumer spending product that leverages proprietary technology to give users controls, convenience, and automatic credit score optimization. With Guaranty, customers do not have to pay fees or interest. They will also receive a premium brand experience […]

This post is only available to members.

Read More »

Cloud9 Technologies teams up with comitFS to boost real-time voice trading APIs

Cloud-based communications provider Cloud9 Technologies has teamed up with comitFS, a UK-based provider of voice middleware and API abstraction capabilities for financial services companies. The collaboration will facilitate the development of real-time call control capabilities for voice trading within the institutional marketplace. “As trading dynamics shift to a more digitally-driven environment, firms want the peace […]

This post is only available to members.

Read More »

Quantum Group acquires mobile cashback app Tail

London-based FinTech incubator Quantum Group today announced the acquisition of mobile cashback app Tail. The acquisition is expected to enable Quantum Group to increase the number of banking partners integrated with Tail and to onboard different retailers from around the UK. Tail’s platform enables retailers to create hyperlocal marketing campaigns, thus allowing them to increase […]

This post is only available to members.

Read More »