American Income Life Insurance Company
American Income Life Insurance Company (formerly NASDAQ: INC), based in Waco, Texas, provides life insurance, additional important that the unions, credit unions, and organizations. American Income Life (Ail) was established in 1951, a company executive working in Waco, Texas, from 1959 American Income Life and guarantee 49 states, the District of Columbia, Canada, and is registered to carry on business Elected Bend. Ail also have two full subsidiaries under: National Income Life Insurance Company, New York, licensing, and Union Heritage Life Assurance Company Limited, licensed in the Republic of Ireland.
Ensure the policyholders of more than two million (since June 2013) .With a New York subsidiary of National Income Life Insurance Company (ICO), the company has the combined assets of more than $ 2.6 billion, with more than $ 41.3 billion of life insurance in force (as of April 2013) .American Income Life subsidiary fully owned Torchmark Corporation (NYSE: TMK), based in McKinney, Texas
History
The history of the company began in 1951 under the name American income. American Income chartered organization to test mutual Indiana and $ 25,000 capital leases. Him again by using the American Standard Insurance Company Company reserve Mutual new in March 1951. American Home Insurance Company was established officially in May 1951 by the President of the company, Harold Goodman, and Vice President of the Executive, Bernard Rapoport (nephew Goodman) in as. home office of the company was acquired Indianapolis, Indiana.The American revenue originally marketed insurance hospitalized low-cost. During the first year, the company took about $ 95,000 worth of premium income. The company reached $ 1 million in insurance in 1953. In 1954, the company received 6,000 applications for insurance policies per month.
In September 1954, and $ -200.000 in capital and $ 100,000 in net, Goodman and Rapoport formed a new company called the American Income Life Insurance Company (Mail). American Income Life review of American Income and conversion from a mutual company to a reserve stock company. American Standard, the original insurance company, and ask the American Income Life, and the company received about $ 400,000 worth of premiums.
Between 1954 and 1955, assets Ail of twice its reserve net of the times, her and limitations than twice, and had about $ 15 million insurance force.In 1956, Rapoport wanted to take the phone company Indiana-based. He obtained a license in Ohio and opened a central office in Columbus. By the end of 1956, American Income Life is working with third States and staff in sales and 300 in the field of general application without agents 96. In March 1958, the offices of the home company issued Indianapolis, Indiana, to Waco, Texas.
In 1961, Gail began providing insurance for additional members to the unions and serving policyholders and organizations in ways that are unusual for the industry. For example, email may change the payment of installments by union members during a strike authorized, the provision now made in 2014 Ail also developed a reading program at the college children to members of trade unions, and the company contributed funds to strike the organizations participating are lawful strike. [3] The company has placed the insurance company Union 100%, and calls the phrase, "Be-Buy Union Union. "In 1963, the Ail income was $ 6 or $ 7 million.By 1973, revenue reached $ 31.5 million.
In June 1966, the Office Employees International Union and Professional (The sword) and align employees Home Office, Mail makes insurance company only all employees Union. In October 1973, the Company was granted an official appointment as a Union Label by the AFL-zheng. Ail was one of the insurance companies are only two whole United States and the Union Label legal.
In 1994, American Income Life was sold Torchmark Corporation for $ 563 million.
American Income Life Insurance Co. a charge of Google Inc. and owners can be two websites showed the unflattering web page on the search results for the American Income Life Insurance.
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