Breeze

Disability and supplemental health insurance, purchased entirely online.

Distribution & Sales Growth Series A

Overview

Breeze is a digital insurance platform for disability and supplemental health insurance, serving individual consumers in the United States. The company was founded in 2019 to address a coverage gap -- approximately 51 million working Americans lack adequate income protection. Breeze operates as a licensed insurance agency (Modern Insurance Agency, Inc. d/b/a Breeze) and distributes policies from carriers including Principal Life Insurance Company and Assurity Life Insurance Company.

The platform provides instant quoting, digital applications, and streamlined underwriting for long-term disability, short-term disability, critical illness, accident expense, and term life insurance. Consumers can complete the application process online without in-person meetings. Licensed insurance specialists are available to assist throughout the process, and independent agents can access a dedicated agent portal or embed products through a proprietary API.

Breeze raised a USD 10M Series A in August 2021 -- reported at the time as the largest first institutional round by a Nebraska-based software startup. Investors include Link Ventures, Northwestern Mutual Future Ventures, Silicon Valley Bank, M25, Fiat Ventures, and Invest Nebraska. The company has received multiple consumer awards, including recognition from Investopedia, The Balance, and CNBC Select.

Products & Services

Long-Term Disability Insurance

Monthly income replacement benefits that can begin in as few as 30 days and continue until retirement age for qualifying disabilities. Coverage replaces up to 60% of regular income; policies are renewable until age 67. Offered through Principal Life Insurance Company.

Key Features

Instant online quote in seconds
Digital application with streamlined underwriting
Policies renewable to age 67
Benefit periods up to retirement age

Target Users: Freelancers, self-employed workers, employees without employer-sponsored coverage

Short-Term Disability Insurance

Weekly income benefits for temporary disabilities, with benefits available from day one and lasting up to two years. Added to the platform in 2022.

Key Features

Benefits can begin immediately
Benefit periods up to 2 years
Digital application process

Target Users: Workers seeking short-term income protection

Critical Illness Insurance

Lump-sum benefit payments up to USD 75,000 upon diagnosis of qualifying conditions including cancer, heart attack, and stroke.

Key Features

Direct cash payment to policyholder
Covers cancer, heart attack, stroke, and other specified conditions
Benefit up to USD 75,000

Target Users: Individuals seeking supplemental financial protection against serious illness

Accident Expense Insurance

Cash benefits for out-of-pocket expenses not fully covered by major medical insurance. Guaranteed issue coverage available with no medical underwriting.

Key Features

Guaranteed issue availability
Cash benefits paid directly to policyholder
Supplements existing health coverage

Target Users: Consumers seeking supplemental accident coverage

Term Life Insurance

Straightforward term life insurance paying a lump sum to designated beneficiaries. Premiums start at approximately USD 10 per month.

Key Features

Competitive online pricing
Simple digital application

Target Users: Individuals seeking affordable term life coverage

Group / Employer-Sponsored Disability Insurance

Disability insurance products for employers to offer as part of employee benefits packages, focused on income protection as a recruitment and retention benefit.

Key Features

Employer-sponsored group plans
Streamlined employer onboarding
Supports employee recruitment and retention

Target Users: Employers, HR departments

Agent Portal and API

Independent agents and distributors can quote and bind Principal disability insurance through Breeze's agent portal, or embed products into their own digital platforms via a proprietary REST API.

Key Features

Agent dashboard for quoting and binding
Proprietary REST API for native digital integration
Enables comparison quoting across multiple carriers

Target Users: Independent insurance agents, brokers, digital distribution platforms

At a Glance

Founded: 2019
Headquarters: Omaha, NE, USA
Employees: 1-50
Funding: Series A

Category & Focus

Category: Distribution & Sales
Subcategories: Digital Insurance Storefront Quote-to-Bind Embedded Insurance API
Insurance Verticals: Life & Annuity Group Benefits Specialty/E&S
Target Customers: Consumers, Agents/Agencies, Employers

Customers

Principal Life Insurance Company (underwriting partner)
Assurity Life Insurance Company (underwriting partner)
Assurity Life Insurance Company of New York (underwriting partner)
Appalachian Underwriters (distribution partner)
MassMutual, Ameritas, Guardian, The Standard, Illinois Mutual (comparison carriers)