Modern Life launches Express Decision

Modern Life has launched Express Decision, a digital underwriting platform developed in partnership with Munich Re Life US and Ameritas. The platform leverages electronic health records and third-party data to streamline underwriting and reduce the time needed to complete life insurance applications. Applicants often receive a decision instantly—without needles, lab work, or phone interviews—after completing a digital health assessment and signing documents electronically.

At launch, Express Decision is available for individuals applying for term life insurance with instant decisions offered for eligible applicants seeking up to $2 million in coverage. Applicants can also apply for up to $20 million in coverage, which involves human underwriters but follows the same digital process. The product includes full features such as policy riders and convertibility to permanent life insurance. Express Decision is currently available in 48 states.

“Life insurance today is a complex financial product that requires financial professionals to navigate an often extensive, lengthy application and underwriting process.Express Decision is a transformative capability to give clients an exceptional experience—with instant or fast decisions—without sacrificing on cost or quality. By building the full end-to-end digital delivery experience coupled with proprietary products, we’ve transformed the experience for the 500,000 financial professionals who distribute life insurance every year.” – Michael Konialian, Modern Life Founder and CEO.