Haven Life, a life insurance agency that is owned by Massachusetts Mutual Life Insurance, has debuted a new product designed to help middle and lower-income families cover critical expenses like rent or mortgage payments when an illness or injury makes staying on top of their bills more difficult.
Key features of the program, which an employer can offer as a direct benefit, include lower than standard premiums, approved claims paid in as few as seven days, and individual ownership of the policy, so workers can take it with them if they change jobs.
