New term life insurance premiums increased 4% in the third quarter to $754 million, and policy sales increased 4%, driven by growing consumer demand, underwriting automation and expanded distribution. Indexed Universal Life (IUL) reported just over $1 billion in new premiums in the third quarter, with nine of the top 10 insurers reporting premium increases and policy volume increasing by 8%. So far this year, total new IUL premiums have reached a record $3.2 billion, accounting for 25% of total market sales.
