American Income Life Insurance Company based in Waco, Texas, provides supplemental life insurance to labor unions, credit unions, and associations.American Income Life (AIL) was founded in 1951. Thecompany's executive offices have been located in Waco, Texas,since 1959 and now include the agency offices in 49 states, theDistrict of Columbia, Canada, and New Zealand, with expansionEfforts under way in Ireland. AIL has more than two millionpolicyholders (as of 6 / 10). With its New York subsidiary,National Income Life Insurance Company (NILICO), the companyhas combined assets of more than $ 2.2 billion with more than $35.2 billion of life insurance in force (as of 12/10). AmericanIncome Life is a wholly owned subsidiary of TorchmarkCorporation , based in McKinney, Texas.
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