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INSURANCE
MODERN LIFE
Insurance Experience Transformation
Modern Life’s technology alleviates common pain points in the life insurance process for advisors and their clients. The company’s end-to-end life platform enables advisors to: • Generate quotes and compare policies from multiple leading carriers (Pacific Life, Lincoln, Symetra, etc.) • Quote, apply for and manage policies across term and permanent life insurance, LTC, disability, annuities and variable insurance • Streamline client intake by prompting advisors to ask questions around personal and medical history • Share a digital intake form directly with clients, alleviating awkward conversations • Compare quotes based factors including convertability and the availability of accelerated underwriting, to find the best fit policy • Complete an application using pre-filled data from client intake Manage quotes, applications and inforce policies from their dashboard
Modern Life, a technology-enabled insurance brokerage, launched in August 2022 to serve independent financial advisors. Backed with $15M in funding from Thrive Capital and 12 unicorn founders, the was inspired by the challenges brought to light by the pandemic to streamline and revolutionize the life insurance process for advisors and their clients. Modern Life is focused on empowering advisors by streamlining the entire life insurance process, from improving quoting and product comparison to shortening underwriting times. Providing advisors with both a proprietary technology platform and expert brokerage support, Modern Life enables advisors to compare quotes from top carriers in minutes to find the best-fit solution for their clients, assess a client’s health profile in minutes using a data-driven underwriting assessments, manage clients from an integrated dashboard, and receive comprehensive deal support.
136 WealthManagement.com
*NOTE: Company descriptions are effective as of the date of nomination submission (February – May 2023). For updated facts and figures since that timeframe, please contact the nominated company.
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