Modern Life Launches to the Public with $15M in Funding:
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About

Modern Life is a leading, AI-powered life insurance brokerage helping 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. Advisors can quickly compare quotes from over 30 leading carriers, access expert guidance, receive as soon as instant decisions, and manage cases seamlessly.

Leadership

Michael Konialian
Founder & CEO
Michael has built and scaled several high growth, technology-enabled brokerage businesses. Before founding Modern Life, he was part of the leadership team at CoverWallet, where he started and led its advisor businesses through a period of hypergrowth culminating in its acquisition by Aon. He previously worked at McKinsey & Company, where he counseled major financial services companies on growth strategy and digital transformation, the U.S. State Department, and NASA. He holds an MBA from Harvard Business School and a B.S. in Engineering, cum laude, from Princeton University.

Funding

Modern Life, the AI-powered life insurance brokerage transforming how advisors serve their clients, announced on November 19, 2025 that it has raised $20 million in Series A funding led by Thrive Capital, with participation from New York Life Ventures, and Northwestern Mutual.
Bringing its total raised to $35 million, the new funding builds on Modern Life’s rapid progress since its $15 million seed round led by Thrive Capital, including industry-leading instant quoting, data-driven underwriting, Express Decision instant decision capability, and end-to-end agency management. The capital will further fuel Modern Life’s growth, expand strategic partnerships nationwide, and accelerate product development of its proprietary AI-driven platform. 
Read the press release

Quick Facts

Founded
2021
Headquarters
New York, NY
Employees
35
Total Raised
$35M
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Assets