Haven Life vs. North American: Top Life Insurance in 2024
In a comparison of Haven Life vs. North American, it was close, but North American won. Haven Life holds the highest rating from A.M. Best, but it's only slightly higher than the rating held by North American. However, looking at Haven Life and North American life insurance rates, North American is more affordable to women and men of various ages.
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Leslie Kasperowicz
Farmers CSR for 4 Years
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...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
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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.
UPDATED: Nov 22, 2023
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.
On This Page
- North American offers more affordable rates to men and women of various ages
- North American holds a rating of A+ from A.M. Best
- Haven Life holds a rating of A++ 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. North American Life Insurance Co. today.
Our North American and Haven Life insurance review will cover pricing and A.M. Best ratings.
Before we dive into our Haven Life vs. North American 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. North American: 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. North American monthly term life insurance rates for men.
Sample Average Monthly Term Life Insurance Rates for Males Based on Age and Company
| Age | Haven Life Term Average Monthly Rates | Lincoln TermAccel 2019 Average Monthly Rates | Minnesota Life Advantage Elite Select Average Monthly Rates | North American Classic Term Average Monthly Rates | Protective Classic Choice Term Average Monthly Rates |
|---|---|---|---|---|---|
| 30 | $23.45 | $20.52 | $20.68 | $20.68 | $21.97 |
| 35 | $25.17 | $22.51 | $22.44 | $21.56 | $21.93 |
| 40 | $31.20 | $28.31 | $32.12 | $28.60 | $29.36 |
| 45 | $54.46 | $47.65 | $52.36 | $47.96 | $47.00 |
| 50 | $85.47 | $74.77 | $79.64 | $75.24 | $72.38 |
| 55 | $149.20 | $130.75 | $139.48 | $131.56 | $126.56 |
| 60 | $245.67 | $216.09 | $223.96 | $217.80 | $209.10 |
| 65 | NA | NA | $396.44 | $380.60 | $365.50 |
How easy is it to find affordable Haven Life vs. North American life insurance quotes? As you can see, for a 30-year-old man, Haven Life is nearly $3 more per month.
For a 40-year-old man, Haven Life is again the more expensive company, this time by $2.60 per month. A 50-year-old man will pay over $10 more per month with Haven Life, while a 60-year-old man will pay $28 more.
Now that we know North American Company offers more affordable rates to men than Haven Life, 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. North American life insurance rates for women.
Sample Average Monthly Term Life Insurance Rates for Females Based on Age and Company
| Age | Haven Life Term Average Monthly Rates | Lincoln TermAccel 2019 Average Monthly Rates | Minnesota Life Advantage Elite Select Average Monthly Rates | North American Classic Term Average Monthly Rates | Protective Classic Choice Term Average Monthly Rates |
|---|---|---|---|---|---|
| 30 | $20.01 | $16.45 | $18.04 | $17.16 | $18.28 |
| 35 | $20.87 | $19.86 | $18.92 | $18.92 | $19.36 |
| 40 | $27.76 | $26.39 | $25.08 | $25.96 | $25.83 |
| 45 | $47.57 | $42.40 | $44.44 | $42.68 | $41.14 |
| 50 | $68.24 | $62.00 | $61.16 | $61.16 | $59.02 |
| 55 | $108.72 | $95.73 | $97.24 | $96.36 | $92.70 |
| 60 | $160.40 | $140.66 | $146.52 | $143.00 | $137.14 |
| 65 | NA | NA | $248.11 | $231.88 | $222.98 |
As you can see, a 30-year-old woman will pay nearly $3 less with North American per month. A 40-year-old woman will pay a little less than $2 more per month with Haven Life.
How about a woman who is 50 or 60? Haven Life would be the more expensive company by $7 and $17, respectively.
We now know North American is the all-around cheaper company, but let’s take a look at the A.M. Best ratings.
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Haven Life vs. North American: 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.
Haven Life received a rating of “A++” (Superior), which is the highest rating given by A.M. Best. How did North American fare in comparison? It received a slightly lower rating of “A+.”
In review, our Haven Life vs. North American comparison has shown us that Haven Life holds a slightly higher A.M. Best rating, but North American is cheaper across the board.
We hope you’ve learned all you needed to decide whether to buy Haven Life vs. Mutual of Omaha life insurance. Type your ZIP code into our free and helpful tool below for quotes in your area.
Frequently Asked Questions: Haven Life vs. North American: Top Life Insurance in 2021
What follows is a question commonly asked about Haven Life and North American life insurance companies.
#1 – What is North American Senior Benefits Life Insurance?
It is a company specifically geared towards providing senior citizens with insurance solutions and financial services.
Your one-stop online guide for life insurance quotes. Get free quotes now!
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Leslie Kasperowicz
Farmers CSR for 4 Years
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...
Farmers CSR for 4 Years
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.