Haven Life is ignoring the recent gloom about insurance technology companies and adding distribution relationships.
MassMutual's New York-based digital life insurance agency announced two new distribution alliances Monday.
One is with Policygenius, the web-based insurance broker recently acquired by Zinnia, and the other is with WEA Member Benefits, a nonprofit group that's setting up a national term life sales program aimed at public school teachers.
Last month, Haven announced a third distribution relationship with Blend, a mortgage lending tech firm.
What It Means
Insurtech firms are still out there working to make things happen.
The Product
Haven Life's best-known product may be the Haven Simple policy, a policy issued through a fully online underwriting process in all states except Delaware, New York, North Dakota and South Dakota.
A sister company, C.M. Life Insurance Company, writes the term life coverage in many states, and MassMutual itself writes the coverage in other states.
The policy can provide up to $1 million in coverage.
