Haven Life brings insurance to the 21st century
One of the areas of finance that has seemingly come later to fintech is insurance, but that is beginning to change thanks to companies like Haven Life.
Launched by Yaron Ben-Zvi in 2015 following a poor experience buying insurance, Haven Life is an online life insurance agency using a real-time underwriting algorithm and its InstantTerm process to offer instant decisions without medical exams for some applicants.
Marketing and communications director Brittney Burgett said Mr. Ben-Zvi has a background working with early stage financial companies and is comfortable in the digital realm. Following the birth of a child, he purchased insurance, but found the process unnecessarily slow. Seeing an opportunity, he set out to build Haven Life.