American Income Life Insurance Company (AIL) is a prominent provider of supplemental life insurance, primarily serving labor unions, credit unions, and associations. Here are key points about the company: - Founding and History: American Income Life was founded in 1951 by Bernard Rapoport and Harold Goodman. Initially, it was chartered as a mutual assessment association in Indiana with $25,000 of borrowed capital[1][2]. The company's headquarters moved to Waco, Texas, in 1959[1]. - Products and Services: AIL offers life, accident, and supplemental health insurance products. It is known for its support of labor unions, offering benefits such as waiving premiums during authorized strikes and providing college scholarships for union members' children[1][4]. - Licensing and Operations: American Income Life is licensed in 49 states, the District of Columbia, Canada, and is registered to operate in New Zealand. It also has subsidiaries like National Income Life Insurance Company, which operates in New York[1][2]. - Financial Strength: As of December 31, 2023, AIL and its subsidiary National Income Life had combined assets of almost $8.7 billion and more than $88 billion of life insurance in force[4]. AIL has received an A+ rating for financial strength from A.M. Best[2]. - Parent Company: American Income Life is a wholly-owned subsidiary of Globe Life Inc., a company listed on the NYSE[3][4]. - Mission and Values: AIL's mission is to provide financial protection to working-class families, emphasizing trust, ethics, and integrity in its operations[5]. The company supports various causes and advocates for issues important to working people[4].