American Income Life Insurance Company

American Income Life Insurance Company (formerly NASDAQ: AINC) in Waco, Texas-based, labor unions, credit unions and associations provide additional life insurance. American Income Life (AIL) 1959 American Income Life in 49 states, Columbia County is licensed in Canada, the company's executive offices in Waco, Texas which was founded in 1951 and has been registered in New Zealand to move the job. National Income Life Insurance Company is licensed in New York State, and Union Heritage Life Assurance Company Limited, licensed in the Republic of Ireland: AIL also has two full-owned subsidiary.

FAMILY subsidiary of its New York, National Income Life Insurance Company (NILICO) companies in force life insurance more than $ 41.3 billion has united more than $ 2.6 billion in assets .With (in June 2013) has more than two million policyholders in McKinney, Texas-based: (TMK NYSE), (April, 2013) .Americ Income Life Torchmark Corporation is a wholly owned subsidiary

History

The company's history began under the name of American income in 1951. American Income with capital borrowed $ 25,000 loan associations Indiana mutual evaluation. American Income Insurance Company officially the company's president Harold Goodman, vice president and Bernard Rapoport (Goodman nephew) by the US as a new mutual reserve company in 1951. March was founded in May 1951 Standard Insurance has been reinsured with the Company. The company's home office in Indianapolis, Indiana was settled.

American Income initially sold low-cost hospital insurance plans. In the first year, the premium income of the company worth about $ 95,000. company in 1954, in 1953, was receiving 6,000 applications a month insurance company insurance policy premiums worth reached $ 1,000,000.

September 1954, capital surplus of $ 200,000 and $ 100,000, Goodman and Rapoport American Income Life Insurance Company (AIL) has established a new company name. American Income Life American Income reinsured policies and turned into mutual company to a stock company reserves. American Standard, the company's original insurer, merged with American Income Life and bought $ 400,000 worth of the company about premiums.

Between 1954 and 1955, family assets, pulled the net reserves tripled, capital and more than doubled plus doubles, and force the road had insurance for about $ 15 million in 1956, Rapoport Indiana-based company National desired to take. He is licensed in Ohio and opened a head office in Columbus. In 1956, closing 96 American Income Life outside the scope of general agency was operating in thirteen states and 300 sales staff. In March 1958 the company's home office in Waco, TX Indianapolis, Indiana, has been moved.

In 1961, AIL provides additional insurance for members of trade unions and industry unions began to give way with foreign policy service. For example, AIL waive premium payments authorized by union members during the strike, already in 2014 presented a whole family of union members also benefit the university has developed a scholarship program for children and contribute to their strike fund company strikes that unions legal. [3] The company is positioned as the only 100% union insurance companies and expression, was called "Union-Buy the Union." In 1963, million.by family income in 1973 was about $ 6 or $ 7 revenue reached $ 31.5 million.

June 1966, the Office and Professional Employees International Union (OPEI is) making only family insurance company with all union workers, the Home Office staff was held. In October 1973, a company by the AFL-CIO Union Label was given an assignment as a company official. FAMILY all the official Union Label United States was the only one of the two insurance companies.

In 1994, American Income Life was sold for $ 563 million Torchmark Corporation.

American Income Life Insurance Corp., Google Inc. and American Income Life is suing unnamed owner of two websites that contain unflattering web pages on the top pages of search results for Insurance.