Haven Life Insurance Over?

[shooter]

Is it true?
I heard from an IMO that January was the end
of Haven Life.
Mass Mutual was pulling the plug.

If it is true, was it just Haven, or could it effect
Ethos, Bestow and others that market similarly.

 

[Tahoe Ray]

Is it true?
I heard from an IMO that January was the end
of Haven Life.
Mass Mutual was pulling the plug.

If it is true, was it just Haven, or could it effect
Ethos, Bestow and others that market similarly.

It's true.

[EXTERNAL LINK] - MassMutual to 'wind down' Haven Life amid poor results, high costs

Ethos and Bestow at least use agents so I'm guessing that they hang around a little longer...who knows though. These companies keep trying to "disrupt" the industry but eventually find out that it's pretty expensive to acquire customers.

 

[DHK]

Sometimes it's just best (for agents too) to double-down on your best work than trying to expand to get more "market share".

 

[walthamny]

First the society of Grown ups and now Haven Life. Massmutual must have lots of cash to burn through.