Haven Life partners with Kinly
Haven Life and Kinly, a digital bank designed specifically for Black Americans, announced a new partnership, making Haven Term and Haven Simple term life insurance products available on the Kinly mobile app.
Kinly members can apply and, if approved, get coverage instantly. Haven Term offers up to $3 million in coverage for terms of 5, 15, 20, 25, and 30 years. Haven Simple offers up to $500,000 in coverage for terms of 5, 10, or 15 years.
Kinly, previously First Boulevard, was founded in 2020 and raised $20 million in funding.
“From our very first day, Haven Life’s core mission was to make life insurance more accessible and affordable for everyone. We recognize that systemic barriers still exist for Black Americans when it comes to equitable access to financial planning, banking and insurance products. Our partnership with Kinly is central to our founding mission, and we remain committed to doing everything we can to break down access barriers.” – Wade Seward, head of distribution strategy at Haven Life.