Modern Life, a New York-based tech-enabled life insurance brokerage for advisors, has exited stealth with $15M in Seed funding.
The round was led by Thrive Capital with participation from 12 unicorn founders from Hippo, Plaid, Reddit, Flatiron Health, Newfront, At Bay, Vouch, Cedar, and Lattice.
The company intends to use the funds accelerate growth and expand operations.
Co-founded by Michael Konialian and Jack Arenas, Modern Life is a tech-enabled life insurance brokerage that focuses on offering advanced technology solutions to digitally streamline advisors’ practices and expert brokerage support. With Modern Life, advisors nationwide can compare quotes from top carriers in minutes, perform data-driven underwriting assessments, manage clients from an integrated dashboard, and receive comprehensive deal support.
Modern Life offers:
- End-to-end digital journey and data connectivity from advice to purchase, including data-driven underwriting assessments, instant quoting, and digital applications
- Integrated dashboard allowing easy management and visibility of client submissions and back office administration for appointments and commissions
- Partnerships with over 15 leading national carriers, including John Hancock, Lincoln, Pacific Life, AIG, and Prudential
- Full suite of insurance products, including permanent life, term life, long-term care, and disability
- National coverage, licensed in all 50 states
- Brokerage expertise with an experienced team offering comprehensive case support, advanced sales strategies, medical underwriting, and client advocacy
FinSMEs
09/08/2022