Top 25 IUL Life Insurance Carriers
Compare the leading Indexed Universal Life insurance carriers by rating, specialty, pros and cons, company stability, client accessibility, and available riders — all in one place.
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IUL Market Pulse — Latest LIMRA Data (Q2 2026 YTD)
IUL set annual and quarterly sales records in 2025 (Q4: $1.3B, +12% YoY). In Q2 2026 premium slipped 9% to $1.1B — the first decline since Q2 2023, against a +31% comparison quarter (LIMRA)
National Life Group takes the #1 spot with $263.2M annualized and $395.1M total premium (Q2 2026 YTD) — reclaiming the top spot from Pacific Life
National Life Group rose from #3 to #1, Pacific Life dropped to #2, Nationwide fell from #2 to #5 — Transamerica & John Hancock moved up
Transamerica now #1 by policy count with 68,388 new policies (Q2 2026 YTD) — National Life Group close behind at 64,076
Nationwide is #1 in the J.D. Power 2026 U.S. Individual Life Insurance Study — 701 vs. a 649 industry average. Mutual of Omaha is #3 at 680
Bankers Life and Casualty breaks into the IUL top 20 at #19 by annualized premium and #10 by policy count (Q2 2026 YTD)
Farmers New World Life, Global Atlantic, and Assurity Life drop off the list — none remain in LIMRA's IUL top 20
Cap rates are non-guaranteed and reset periodically at each insurer's discretion. Surrender charge periods shown are for each carrier's flagship IUL base policy and typically grade down annually; schedules vary by product version, issue age and face amount — confirm both in the official policy illustration.