American Income Life Insurance Company

                  American  income  Life Insurance  corporation  (formerly NASDAQ: AINC), based  inside  Waco, Texas,  provides  supplemental life insurance  in order to  labor unions, credit unions,  ALONG WITH  associations. American  cash  Life (AIL)  am   recognized   inside  1951.  your   firm\'s  executive offices  may be  located  in  Waco, Texas,  since the  1959. American  money  Life  is actually  licensed  throughout  49 states,  your current  District  associated with  Columbia, Canada,  AS WELL AS   will be  registered  to help   move forward   firm   within  New Zealand. AIL  also   offers   3  wholly owned subsidiaries: National  cash  Life Insurance Company, licensed  in the  state  connected with  New York,  IN ADDITION TO  Union Heritage Life Assurance  firm  Limited, licensed  for the  Republic  regarding  Ireland.

AIL  features   a lot more than   2   thousand  policyholders (as  involving  June 2013).[1]  throughout   the  New York subsidiary, National  cash  Life Insurance  business  (NILICO),  the business   possesses  combined assets  involving   a lot more than  $2.6 billion,  throughout   a lot more than  $41.3  billion dollars   regarding  life insurance  within   Weight  (as  involving  April 2013). American  funds  Life  is often a  wholly owned subsidiary  of  Torchmark  corporation  (NYSE: TMK), based  within  McKinney, Texas.

History

The  businesses  history began  within  1951 under  your current   brand  American Income. American  money   are  chartered  as a  mutual assessment association  within  Indiana  inside  $25,000  associated with  borrowed capital.  This   am  reinsured  through  American  public  Insurance  institution   like a  new mutual reserve  corporation   inside  March 1951. American  cash  Insurance  corporation   am  officially  set up   inside   will  1951  through the   business\'s  president, Harold Goodman,  IN ADDITION TO  executive vice president, Bernard Rapoport (Goodman's nephew).  your own   businesses  home offices were located  inside  Indianapolis, Indiana.

American  funds  originally sold low-cost hospital insurance plans.  while in   it\'s   initial  year,  the business  took  in   all about  $95,000 worth  of  premium income.  the business  reached $1  zillion  worth  involving  insurance premiums  in  1953.  by  1954,  the business   \'m   finding  6,000 insurance policy applications per month.

In September 1954,  throughout  $200,000  within  capital  ALONG WITH  $100,000  involving  surplus, Goodman  AND ALSO  Rapoport formed  a fresh   institution  called American  money  Life Insurance  institution  (AIL). American  cash  Life reinsured  your current  policies  involving  American  money   IN ADDITION TO   feel  transformed  through   a  mutual reserve  firm   to be able to   a good  stock company. American Standard,  the   corporation\'s  original insurer,  \'m  merged  throughout  American  funds  Life,  and also the   business   ordered   information on  $400,000 worth  associated with  premiums.

Between 1954  ALONG WITH  1955, AIL's assets had doubled,  its   world wide web  reserve had tripled,  the  capital  ALONG WITH  surplus  over  doubled,  ALONG WITH   This  had  exactly about  $15  million   associated with  insurance  with  force.[3]  throughout  1956, Rapoport  essential   to help   acquire   your own  Indiana-based  company  national. He  taken   a good  license  in  Ohio  ALONG WITH  opened  a good  central  team   throughout  Columbus.  through the  close  involving  1956, American  funds  Life  \'m   operating   inside  thirteen  US   in  300  gross sales   personnel   on the   container   running  out  of  96 general agencies.  throughout  March 1958,  your own   businesses  home offices were moved  through  Indianapolis, Indiana,  in order to  Waco, Texas.

In 1961, AIL began providing supplemental insurance  to be able to  members  associated with  labor unions  ALONG WITH  serving union policyholders  in   ways  unfamiliar  for the  industry.  with regard to  example, AIL waived  transaction   associated with  premiums  through  union members  throughout   a good   allowed  strike action,  the  benefit still offered  throughout  2014. AIL  furthermore   designed   the  college scholarship  system   for  children  associated with  union members,  as well as the   company  contributed  to the  strike  dollars   connected with  unions engaged  inside  lawful strikes.  the corporation   am  positioned  As   your own   only  100% union insurance company,  IN ADDITION TO  termed  ones  phrase, “Be Union-Buy Union."  with  1963, AIL's  income   \'m   all about  $6  or maybe  $7 million.  through  1973,  money  reached $31.5 million.

In June 1966,  ones   office   AS WELL AS  Professional  staff members  International Union (OPEIU) organized  your current   hq  staff,  making  AIL  your own   lone  insurance  firm   within   just about all  union employees.  with  October 1973,  the business   am   supplied   the   official  designation  being a  Union  title   institution   from the  AFL-CIO. AIL  am   one   associated with   2  insurance  products and services   on the   complete   UNITED STATES OF AMERICA   through the   recognized  Union Label.

In 1994, American  income  Life  feel  sold  to be able to  Torchmark  firm   regarding  $563 million.

American  dollars  Life Insurance Co.  can be  suing Google Inc.  plus the  unnamed owners  of   2  websites  for  featuring unflattering  world-wide-web  pages  on top   webpage   regarding  search results  with regard to  American  money  Life Insurance.