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American Income Life Insurance Company (formerly
NASDAQ: AINC) based in Waco, Texas, provides supplemental life
insurance to labor unions, credit unions, and associations. American
Income Life (AIL) was founded in 1951. The company’s executive offices
have been located in Waco, Texas, since 1959. American Income Life is
licensed in 49 states, the District of Columbia, Canada, and is
registered to carry on business in New Zealand. AIL also has two wholly
owned subsidiaries: National Income Life Insurance Company, licensed in
the state of New York, and Union Heritage Life Assurance Company
Limited, licensed in the Republic of Ireland.
AIL
has more than two million policyholders (as of 6/10). With its New York
subsidiary, National Income Life Insurance Company (NILICO), the
company has combined assets of more than $2.2 billion with more than
$35.2 billion of life insurance in force (as of 12/10). American Income
Life is a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK),
based in McKinney, Texas.
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