American Income Life Insurance Company Email Format
InsuranceTexas, United States5001-10000 Employees
American Income Life Insurance Company provides supplemental insurance benefits to working families, delivering coverage through relationships with labor unions, credit unions, and associations. Based in Waco, Texas, the company operates as a substantial player in this segment. The business traces its origins to more than five decades ago when entrepreneur Bernard Rapoport founded it with $25,000 borrowed capital and established a wholly owned subsidiary, National Income Life Insurance Company. It is licensed to operate in 49 states, the District of Columbia, Canada, and is registered to carry on business in New Zealand, with its New York subsidiary licensed separately. A.M. Best assigns an A (Excellent) financial strength rating, and in 2023 the company expanded its collaboration with USW Local 7600, a labor union, to enhance services for members.