Modern Life, the AI-powered life insurance brokerage transforming how advisors serve their clients, announced that it has raised $20 million in Series A funding led by Thrive Capital, with participation from New York Life Ventures, Northwestern Mutual Future Ventures, and Allegis.

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.