Modern Life, a New York-based AI-powered life insurance brokerage transforming how advisors serve their clients, has raised $20 million in Series A funding.
Investors
The round was led by Thrive Capital, with participation from New York Life Ventures, Northwestern Mutual, and Allegis.
Founded in 2010, Thrive Capital is a venture capital firm that builds and invests in internet, software, and technology-enabled companies. Headquartered in New York City, it manages approximately $25 billion in assets as of November 2024.
Modern Life Use of Funds
The funding will accelerate Modern Life’s product development, expand national partnerships, and scale its AI-driven platform.
About Modern Life
Founded by Michael Konialian, Modern Life is an AI-powered life insurance brokerage that helps financial professionals deliver better outcomes for their clients. Licensed in all 50 states, the company combines advanced technology, AI-driven underwriting, and deep industry expertise to streamline every stage of the insurance process. It integrates more than ten fragmented legacy tools into a single unified platform, offering capabilities such as instant quoting, express decision instant underwriting, streamlined workflows, and advanced lifecycle management. Headquartered in New York, Modern Life provides access to over 30 carriers and all major product types, from permanent and term life to annuities and long-term care.
Funding Details
Company: Modern Life Group, Inc.
Raised: $20.0M
Round: Series A
Funding Date: November 2025
Lead Investor: Thrive Capital
Additional Investors: New York Life Ventures, Northwestern Mutual, Allegis
Company Website: https://www.modernlife.com/
Software Category: AI-Powered Life Insurance / Insurance
Source: Michael Zucconi