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alleywatch.com > 2025 > 11 > modern-life-ai-powered-life-insurance-advisor-technology-platform-insurtech-digital-underwriting-michael-konialian

Modern Life Raises $20M to Cut Life Insurance Policy Cycle Times from Six Months to Minutes

1+ week, 3+ day ago (383+ words) AlleyWatch sat down with Modern Life Founder and CEO Michael Konialian to learn more about the business, the future plans, recent funding round, and much, much more" We raised a $20M Series A led by Thrive Capital, with participation from New York Life Ventures, Northwestern Mutual Future Ventures, and Allegis. That brings our total funding to $35M, following our earlier $15M seed round, which was also led by Thrive. Tell us about the product or service that Modern Life offers. What inspired the start of Modern Life? How is Modern Life different? What market does Modern Life target and how big is it? We focus on the U.S. life insurance market, which is roughly a $175B market, 90% of which is sold through advisors. We also distribute long-term care, annuities, and disability insurance which together are meaningful markets as well. Our clients are financial firms and…...