American Amicable vs. Haven Life: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. Haven Life, Haven Life came out on top. Haven Life offers more affordable rates to men of various ages. Furthermore, Haven Life offers more affordable rates to women of various ages. Haven Life also has the higher A.M. Best rating. The companies are identically rated by the Better Business Bureau.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • Haven Life offers more affordable rates to men and women of various ages than American Amicable products
  • The companies received an identical rating from the Better Business Bureau
  • Haven Life is more well-reviewed by A.M. Best

Comparing life insurance companies to find the right one for you can be an overwhelming process. In an effort to make things easier, we’ll be focusing exclusively on American Amicable vs. Haven Life today.

We’ll be covering both company pricing and company ratings in our Haven Life and American Amicable life insurance review.

Prior to us diving into American Amicable vs. Haven Life life insurance company review, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.

American Amicable vs. Haven Life: Which company offers more affordable rates to women?

When you begin your life insurance company comparison, you probably want to start with pricing.

What follows is a table that compares the rates offered to women by various major insurers, including American Amicable and Haven Life, for a 20-year $250,000 term life insurance policy.

Sample Average Female Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
American Amicable$58.50$136.35
 Banner $31.17 $78.83
Cincinnati Life $27.28$56.76
Fidelity Life $45.68$58.32
 Foresters $31.94 $85.97
John Hancock$33.92$78.08
Liberty Mutual$32.94$59.76
 Lincoln $32.77 $160.13
 Mutual of Omaha $36.05 $94.02
Haven Life$21.54$48.09
MassMutual$31.08$63.58
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Is it easy to find affordable American Amicable vs. Haven Life life insurance quotes? As you can see, for women in their 50s, Haven Life is nearly $37 cheaper per month than American Amicable.

Look at American Amicable vs. Haven Life life insurance rates for women in their 60s, where Haven Life is $88 cheaper per month than American Amicable.

So, our American Amicable vs. Haven Life Insurance review has shown us that Haven Life offers more affordable rates to women than American Amicable.

Let’s see if this holds true in our next section when we analyze the rates offered to women by various life insurance companies, including American Amicable and Haven Life.

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Which company offers more affordable rates to men?

What we’re going to do now is look at a table similar to the one before. This one, however, will show the rates offered to men of various ages for a 20-year term life insurance policy valued at $250,000.

Sample Average Male Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
Company Age 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
Banner $40.85 $111.13
Cincinnati Life$27.28$56.76
Fidelity Life $54.59$73.92
 Foresters $42.66 $114.84
Liberty Mutual$40.32$95.58
 Lincoln $46.55 $190.53
Mutual of Omaha $46.55 $134.05
Haven Life$25.72$65.77
John Hancock$44.47$115.00
MassMutual$37.59$87.42
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As you can see, for men in their 50s, American Amicable is a whopping $62 more expensive per month than Haven Life.

For men in their 60s, the disparity grows even more. For this category, American Amicable is nearly $125 more per month than Haven Life.

In short, Haven Life wins again. Let’s seal your decision to buy American Amicable vs. Haven Life life insurance by comparing these companies’ reviews.

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American Amicable vs. Haven Life: Which company is more well-reviewed?

As mentioned, we will now be looking at American Amicable and Haven Life Insurance reviews. BBB and A.M. Best are two great organizations that offer insight into a company’s financial strength.

The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.” American Amicable received the Better Business Bureau’s highest rating of “A+,” and it is also BBB accredited.

What score did the Better Business Bureau give Haven Life? Haven Life is not only also BBB accredited, but also received an A+.

A.M. Best‘s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.”

American Amicable has an A.M. Best FSR of “A-” (Excellent). Did Haven Life do better? They did! Haven Life received A.M. Best’s highest Financial Strength Rating of “A++.”

A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). A Long-Term ICR can be issued on a long-term basis or short-term basis.

American Amicable received a long-term ICR of “a-.” What long-term ICR did Haven Life receive? Haven Life received an even better score of “aa+.”

To review, you have two worthy options here but Haven Life stands high above American Amicable. Make sure to look into Haven Life Simple. This is a type of term life insurance policy that does not require a medical exam.

Don’t let your life insurance company comparison stop with American Amicable vs. Haven Life. Type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.

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