# Afficiency

> Afficiency is a New York insurtech that builds and operates digital life insurance products for carriers and distributors. Its platform handles the journey from quote and application through real-time underwriting, policy issue and administration, delivered as a white-label experience, via API or as a hybrid. The company is less a consumer insurance brand than the machinery behind one: carriers get a faster route to market, while agencies, brokers, employers, financial advisers and embedded partners get products they can sell in their own environments.

- **Founded:** 2017
- **Headquarters:** New York City, United States
- **Founders:** Mark Scafaro (CEO and Co-Founder), Ravi Arasan (CIO, CDO and Co-Founder)
- **Team size:** About 30 employees; LinkedIn lists the company in the 11-50 employee band.
- **Products:** Afficiency Digital Platform, Risk & Screening Tools, Level Term, Final Expense Whole Life, Participating Whole Life
- **Notable:** Raised $10.15 million across seed and Series A financing., QLT, created with Quility and SBLI, exceeded 46,000 policies and $13 billion in live coverage by December 2023., Built an end-to-end digital journey for Foresters Live Well Plus, extending instant decisioning into participating whole life.

## Products & services

- **Afficiency Digital Platform** — A white-label, REST API or hybrid platform spanning quote, application, underwriting, e-signature, policy issue and ongoing administration.
- **Risk & Screening Tools** — Real-time application analytics, fraud detection, distributor scorecards and predicted rate-class screening from minimal applicant data.
- **Level Term** — Instant-decision, no-exam term coverage listed from $25,000 to $2 million for eligible applicants, with an application designed to take under ten minutes.
- **Final Expense Whole Life** — Simplified-issue permanent coverage for end-of-life costs, including the NewBridge product family distributed through licensed producers.
- **Participating Whole Life** — Permanent cash-value coverage, including the Foresters Live Well Plus single-session journey built with Foresters Financial.
- **Indexed Universal Life** — Flexible permanent protection with index-linked cash-value growth, delivered through the digital platform.
- **Annual Renewable Term** — Year-to-year renewable coverage with flexible amounts and conversion options.
- **NewBridge Inspire Level Term** — Producer-led, fully digital term coverage underwritten by EMC National Life, with coverage listed from $100,000 to $2 million and decisions designed for a single session.

## Achievements

- Raised $10.15 million across seed and Series A financing.
- QLT, created with Quility and SBLI, exceeded 46,000 policies and $13 billion in live coverage by December 2023.
- Built an end-to-end digital journey for Foresters Live Well Plus, extending instant decisioning into participating whole life.
- Launched the producer-first NewBridge final-expense line with Continental General.
- Expanded NewBridge into level term with EMC National Life in 2026.
- Earned SOC 2 Type II certification, according to the company website.
- Built a catalog spanning level term, final expense, participating whole life, indexed universal life and annual renewable term.

## Latest updates

- **2026-03** — Published producer materials for NewBridge Inspire Level Term, a fully digital product underwritten by EMC National Life.
- **2026-01** — Moved Foresters Live Well Plus access to Foresters single sign-on, retiring the prior direct portal route.
- **2025-06** — Revised consumer materials documented NewBridge Final Expense with Continental General, including no-exam coverage and a fully digital producer journey.
- **2025-07** — Foresters Financial launched Live Well Plus using an Afficiency-built digital sales journey for participating whole life.
- **2023-12** — Quility expanded QLT age and face-amount parameters and reported 46,000 policies representing more than $13 billion in live coverage.

## Links

- Website: https://afficiency.com
- LinkedIn: https://www.linkedin.com/company/afficiency
- Twitter/X: https://twitter.com/afficiency

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Profile page: https://yespress.io/afficiency
Published by YesPress — https://yespress.io
Last updated: 2026-08-22