"while 90% of policies are sold through financial advisors, these professionals navigate a fragmented ecosystem of over 10 disconnected legacy tools, each handling separate aspects of quoting, underwriting, and case management. This operational complexity translates into a six-month average policy cycle time for permanent life insurance, creating friction at every stage of the client journey and limiting advisors' capacity to serve their clients effectively. Modern Life addresses this systemic inefficiency by consolidating the entire life insurance workflow into a single AI-powered platform that enables advisors to instantly quote across 30+ carriers, receive underwriting decisions in minutes rather than weeks through its Express Decision capability."
"The platform's proprietary AI analyzes medical and financial data to identify the most competitive carriers for each client's unique needs while helping advisors navigate the intricate intersections of tax planning, financial optimization, and medical underwriting-capabilities that would otherwise require a team of specialized experts. With access to every major product type from permanent and term life to annuities and long-term care, Modern Life delivers up to 20% cost savings for clients through smarter product selection and expert underwriting advocacy, all while maintaining SOC 2 certification and enterprise-grade data security."
The U.S. life insurance market is valued at $175B and relies on financial advisors for 90% of policy sales. Advisors currently operate across more than 10 disconnected legacy tools for quoting, underwriting, and case management, producing an average six-month cycle time for permanent life insurance and creating client friction. Modern Life consolidates the full life insurance workflow into a single AI-powered platform with instant quoting across 30+ carriers, an Express Decision underwriting capability that returns decisions in minutes, and a unified dashboard for client lifecycle management. Proprietary AI analyzes medical and financial data to identify competitive carriers, supports tax and financial optimization, covers major product types, delivers up to 20% cost savings for clients, and maintains SOC 2 enterprise-grade security. The company raised a $20M Series A led by Thrive Capital, bringing total funding to $35M including a $15M seed round.
#life-insurance #underwriting-automation #ai-powered-fintech #financial-advisors #enterprise-security-soc-2
Read at Alleywatch
Unable to calculate read time
Collection
[
|
...
]