The economy continues to fire on all pistons, and life insurance is no exception.

Total new individual life premium grew 8 percent in the third quarter of 2015 in the U.S., reported LIMRA, marking the fifth straight quarter of growth. Year to date, the sector has grown 7 percent.

Total policies sold were up 4 percent for the quarter and 5 percent year to date, LIMRA said. Meanwhile, total universal life new annualized premium fared even better, up 11 percent in the quarter and 10 percent so far this fiscal year.

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Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.