Life insurance carriers face a critical modernization challenge: Legacy platforms—from COBOL-based mainframe systems to Assembler or RPG—that create escalating costs, talent shortages, and competitive disadvantages. This presentation demonstrates how Generative AI can help transform legacy modernization from a decade-long, high-risk endeavor into an accelerated strategic advantage. We'll explore use cases showing how GenAI automates COBOL-to-cloud refactoring, reverse-engineers—and documents—undocumented business logic, and generates cloud-native APIs while preserving critical insurance workflows. Attendees will gain actionable strategies for leveraging GenAI tools, building executive buy-in, and creating modernization roadmaps that deliver measurable ROI while maintaining regulatory compliance and operational continuity in the life insurance industry.