Salary Protection

Protecting your salary means protecting your family

For most people, their salary is their most valuable asset. It helps to keep the fridge stocked, the car running and their loved ones safe and secure.

Yet, in spite of all of this, many don’t have sufficient life insurance in place to protect that income and provide stability for their family.

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A new approach to term life insurance

Salary Protection helps takes the confusion out of determining how much life insurance coverage you and your family need.

If the unexpected happened and you were no longer around to care for your family, Salary Protection would continue to provide them with (an amount equal to) your paycheck every month for up to 15 years.

Salary Protection has a maximum term length of 15 years and a minimum payout duration of 5 years.

How Salary Protection works

Chart of a 15-year policy with Salary Protection payout starting in year 6
Chart of a 15-year policy with Salary Protection payout starting in year 13
  • Chart of a 15-year policy with Salary Protection payout starting in year 6
  • Chart of a 15-year policy with Salary Protection payout starting in year 13

How to get Salary Protection

You can easily apply for Salary Protection online through your worksite benefits platform.

Contact your HR department if you would like to see Salary Protection offered by your employer.

Your election of Salary Protection is voluntary. Your employer doesn’t endorse or fund it, and isn’t compensated if you elect it.
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The details

Term Length 10, 15 years
Eligibility Ages 18 to 60
Coverage Minimum $1000 per month, maximum $10000 per month
Benefit Type Monthly, Lump-sum
Payout Duration From death until the end of the policy term, minimum 5 years
Payment Frequency On your payroll schedule
Payment Type Payroll deduction, Bank Account via ACH, Credit Card, Debit Card

Salary Protection is offered exclusively by Haven Life

Haven Life is changing the insurance industry through compassion, creativity and a forward-thinking approach to financial protection that puts the customer’s needs first.

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Got a question about Salary Protection?

Haven Life has the best customer support in the world. (And they have the coffee mugs to prove it.)

Lump-sum benefit payout also available with Salary Protection.
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