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§ Private Profile · New York City, NY, USA
Modern Life is a technology company.
Modern Life has raised $35.0M across 2 funding rounds.
Key people at Modern Life.
Modern Life was founded in 2021 by Ryan Pripstein (Co-Founder & Board Member).
Modern Life has raised $35.0M in total across 2 funding rounds.
Modern Life provides an AI-driven platform and advisory services for the life insurance sector. Its core offering streamlines complex insurance decisions through data-driven underwriting, instant quoting, and digital applications. Integrated tools enable advisors to efficiently administer diverse financial protection products.
Michael Konialian co-founded Modern Life, launching it as CEO in August 2022. A fintech veteran from CoverWallet, Konialian recognized advisors' significant challenges with cumbersome life insurance processes. This insight drove a technology-driven platform to simplify and accelerate insurance procurement for financial professionals.
Modern Life serves financial advisors, empowering them to deliver superior client solutions. Partnering with over 30 national carriers, it offers a comprehensive range of products, including various life policies, long-term care, and annuities. The company’s vision is to modernize the insurance landscape, enabling advisors to confidently achieve efficient client outcomes.
Modern Life is a tech-enabled life insurance brokerage that provides an AI-powered platform for financial advisors to streamline quoting, underwriting, applications, and management of life insurance products from top carriers.[1][2][3] It serves financial professionals nationwide, solving the problem of complex, manual processes in life insurance by offering digital tools for instant quote comparisons, data-driven assessments, integrated dashboards, and expert brokerage support—enabling faster client coverage without labs or interviews via innovations like Express Decision.[1][2][4] With $35M total funding ($15M seed in 2022 and $20M Series A announced recently), the company has shown strong growth momentum, launching key products and partnerships like with John Hancock and Munich Re, while employing 35 people in New York.[3][5]
Modern Life was founded in 2021 by Michael Konialian (CEO) and Jack Arenas in New York City.[1][3] Konialian brings expertise from scaling tech-enabled brokerages at CoverWallet (acquired by Aon), plus stints at McKinsey advising on financial digital transformation, the U.S. State Department, and NASA; he holds an MBA from Harvard and a Princeton engineering degree.[3] The idea emerged from recognizing life insurance's outdated, lengthy processes, leading to a platform that digitizes end-to-end workflows. Pivotal early moments include exiting stealth in August 2022 with $15M seed funding from Thrive Capital, New York Life, and others, followed by public launch, John Hancock collaboration in 2023, and the 2025 Express Decision rollout with Munich Re and Ameritas for instant underwriting decisions.[1][2][3]
Modern Life stands out in insurtech through its blend of AI-driven technology and hands-on brokerage, targeting advisors' pain points:
Modern Life rides the insurtech wave accelerating life insurance digitization, amid rising demand for simplified financial protection as wealth transfers and complex needs (e.g., estate planning) grow.[2][3] Timing is ideal post-pandemic, with AI and data analytics enabling instant underwriting—reducing traditional multi-week processes to minutes—while market forces like carrier partnerships (John Hancock, Munich Re) and $35M funding fuel scale.[1][2][5] It influences the ecosystem by empowering independent advisors (not just carriers), leveling competition against big insurers, and setting standards for AI in underwriting, potentially expanding to 500,000+ professionals and transforming client access to coverage.[2][4]
Modern Life is poised to dominate advisor-focused life insurance tech, with its $20M Series A funding AI enhancements and product expansions like Express Decision signaling hypergrowth.[2][5] Trends like AI underwriting, embedded insurance, and personalized protection will shape its path, potentially capturing more market share as digital adoption surges. Its influence may evolve from niche innovator to ecosystem leader, integrating deeper with fintechs and carriers—ultimately making life insurance as seamless as modern life itself, building on its mission to supercharge advisors from day one.[3][4]
Key people at Modern Life.
Modern Life has raised $35.0M across 2 funding rounds. Most recently, it raised $20.0M Series A in November 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 19, 2025 | $20M Series A | Nabil Mallick | Allegis, TIM DEL Bello, Northwestern Mutual Future Ventures | Announced |
| Aug 1, 2022 | $15M Seed | Thrive Capital | Arkitekt Ventures, Curie.bio, Khosla Ventures, Operator Partners, Oded Hermoni | Announced |
Modern Life was founded in 2021 by Ryan Pripstein (Co-Founder & Board Member).
Modern Life has raised $35.0M in total across 2 funding rounds.
Modern Life's investors include Nabil Mallick, Allegis, Tim Del Bello, Northwestern Mutual Future Ventures, Thrive Capital, Arkitekt Ventures, Curie.Bio, Khosla Ventures, Operator Partners, Oded Hermoni.
