Modern Life Secures $20M Series A Led by Thrive Capital

Why It Matters

The infusion of capital positions Modern Life to expand its AI‑based insurance brokerage model, potentially reshaping how advisors quote and underwrite life policies and intensifying competition in the insurtech sector.

Deal Summary

Modern Life, an AI‑powered life‑insurance brokerage, announced a $20 million Series A round led by Thrive Capital with participation from New York Life Ventures, Northwestern Mutual Future Ventures, and Allegis. The funding brings its total capital to $35 million and will accelerate product development and nationwide partnership expansion.