Olé life

Ole Life is a full-stack digital life insurance carrier focused on Latin America and the Caribbean, distributing USD-denominated term life policies entirely through digital and mobile channels. The company operates without requiring medical exams for coverage up to USD 1,000,000, targeting families across 30+ countries who have historically lacked access to straightforward, affordable USD-denominated life protection. The company was founded in 2021 by Michael, Andrew, and Brian Carricarte -- second-generation insurance entrepreneurs whose family established Amedex Insurance Group in 1986.

The carrier uses a proprietary AI-driven underwriting engine, branded Ole AI, to evaluate applicants and issue instant policy decisions via web and mobile platforms. It distributes through a network of over 4,000 contracted advisors supported by a dedicated advisor portal (OlelifeGo) and Advisor App. Policies carry fixed premiums with no annual increases and include optional riders for critical illness, cancer protection, accidental death, income protection, and return of premium. The company holds an AM Best B++ (Good) Financial Strength Rating and is supported by reinsurance partners including Swiss Re (strategic partner since April 2025), Munich Re, PartnerRe, and RGA.

Ole Life closed a USD 13M Series B round in January 2025 led by PayPal Ventures, bringing total disclosed funding to approximately USD 17M. The company has surpassed USD 2 billion in total insured value and achieved MDRT (Million Dollar Round Table) membership status.