New premium for indexed universal life (IUL) insurance sales rose 9 percent in the fourth quarter compared with the year-ago period, and IUL new premium rose 8 percent in 2017 compared with 2016, LIMRA reported.

Fourth-quarter IUL sales represented 24 percent of all individual life insurance premium compared to 21 percent in the year-ago period.

IUL is “clearly where the action was,” said Robert A. Kerzner, CEO of LIMRA, in a quarterly briefing to members.

In the fourth quarter, IUL accounted for 64 percent of all universal life premium, Kerzner said.