Jane Dotson
American Income Life Insurance Company (AIL) is a unionized life insurance company that provides supplemental insurance to working families in the United States, Canada, and New Zealand. Founded in 1951, AIL is licensed to operate in 49 states and the District of Columbia, with executive offices located in Waco, Texas. The company has a strong relationship with labor unions and offers unique benefits such as waiving premiums during authorized strike actions. AIL is known for its financial strength, rated A+ by A.M. Best, and provides affordable life insurance and health benefits to millions of policyholders.
| Characteristics | Values |
|---|---|
| Company Name | American Income Life Insurance Company (AIL) |
| Type of Company | American unionized life insurance multi-level marketing company |
| Year Founded | 1951 |
| Executive Office Location | Waco, Texas |
| Number of Policyholders | More than two million (as of 2013) |
| Area Served | Licensed in 49 states, the District of Columbia, Canada, and registered to do business in New Zealand |
| Subsidiaries | National Income Life Insurance Company (licensed in New York), Union Heritage Life Assurance Company Limited (licensed in the Republic of Ireland) |
| Parent Company | Globe Life, a subsidiary of Torchmark Corporation |
| Ratings | A+ (Superior) for Financial Strength by A.M. Best |
| Target Customers | Working families, labor unions, credit unions, and associations |
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What You'll Learn
American Income Life Insurance Company
AIL is licensed to operate in 49 states, the District of Columbia, Canada, and is registered to carry on business in New Zealand. The company 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. As of 2013, AIL had more than two million policyholders and was a wholly-owned subsidiary of Globe Life, based in McKinney, Texas.
AIL has a long history of partnering with the working family community and advocating for key issues and campaigns that reflect the values of working people. The company has contributed to various initiatives, such as providing scholarships to students in Mexico and raising funds for organizations like Keeping Kids In School (KKIS).
In terms of insurance offerings, AIL provides supplemental insurance to complement existing coverage. They are known for their support of union members, waiving payment of premiums during authorized strike actions. AIL has also developed a college scholarship program for children of union members and contributed to strike funds for unions engaged in lawful strikes.
While there are positive testimonials from agents who have had successful careers with AIL, there are also some negative reviews and complaints about the company's practices, including difficulties with policy cancellations and concerns about fraudulent activities.
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Supplemental insurance benefits
Supplemental insurance policies can help pay for out-of-pocket medical expenses, such as copays and deductibles, and can even assist with everyday living expenses like utility bills, groceries, and childcare. This means that if you or a family member is diagnosed with a critical illness or experiences an accident, supplemental insurance can help ease the financial burden by providing cash benefits to cover these costs.
American Income Life Insurance Company (AIL) is one example of a company that provides supplemental life insurance. AIL is an American unionized multi-level marketing company that offers supplemental insurance to labor unions, credit unions, and associations. They have been in business since 1951 and are licensed in 49 states, the District of Columbia, Canada, and New Zealand. AIL is known for its union-friendly policies, such as waiving premium payments during authorized strike actions.
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Life insurance for working families
Life insurance is an important way to protect your family's finances, but it can be an overlooked option when enrolling for benefits at work. Many employers automatically provide a basic level of life insurance—usually equivalent to about one year's salary—and pay for this coverage without deducting it from your paycheck. This is typically "group insurance," meaning one policy covers a defined group of people, in this case, you and other employees of the same organization.
However, if you're older, with a mortgage, a higher salary, and family members who depend on your income, this basic level of coverage may not be enough. You can usually purchase more coverage through your employer's plan or buy an individual life insurance policy. Most employers' plans offer the option to elect additional coverage beyond what they automatically provide, and you can often do this when you're first hired without answering any questions about your health.
It's important to review your options to determine if your employer's plan offers the level of coverage you need to protect your family and provide them with the financial support they would need if you were no longer able to work. In many cases, an employer policy bases your life insurance coverage on a multiple of your salary. If you have dependents or a lot of financial obligations, a group life insurance policy could leave you underinsured.
Additionally, coverage through work tends to be term life insurance, which only provides coverage for a specific period, usually your employment. If you leave your employer, your coverage will end, although some plans offer options to continue your coverage. You usually can't customize the policy features your employer selected, and the premiums for group life insurance can go up over time. If you're looking for a more complex product like whole life insurance, you might want to compare prices on the open market and speak with a fee-only life insurance advisor.
If you're interested in purchasing life insurance through your employer, you can use an insurance needs calculator to determine the right amount of coverage for you. You can also review the pros and cons of group life insurance and research the best life insurance companies to guide your shopping.
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Union benefits
Union membership comes with a range of benefits, including a voice on the job, which means members can bargain with their employers over wages, benefits, and other working conditions. This can include negotiating raises, vacations, holidays, and various types of insurance coverage.
Union contracts can also provide extra benefits in the event of a layoff, including tuition money, retraining vouchers, severance pay, extended health insurance, and supplemental unemployment benefits. They also provide job security, as management must follow a system of "due process" and present evidence to justify disciplinary actions, including terminations. Union workers have representatives to present evidence and testimony on their behalf.
American Income Life Insurance Company (AIL) is a leading provider of life, accident, and supplemental health insurance to union members in the United States, Canada, and New Zealand. AIL offers exclusive benefits to union members, including no medical exam, guaranteed issue, competitive rates, and portability. Their policies are tailored to meet the unique needs and challenges faced by union members and their families.
AIL has a strong commitment to unions and their members, positioning itself as the only 100% union insurance company, with the phrase "Be Union-Buy Union." They have a history of supporting unions, such as waiving premium payments during authorized strike actions and contributing to strike funds.
Overall, union membership provides a range of benefits, including income insurance options, that offer financial protection and security for members and their families.
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AIL's subsidiaries
American Income Life Insurance Company (AIL) is a unionized life insurance multi-level marketing company that provides supplemental life insurance to labor unions, credit unions, and associations. AIL was founded in 1951 and has been based in Waco, Texas, since 1959.
AIL is a subsidiary of Globe Life Inc., an S&P 500 company that markets life and supplemental health insurance for middle-income families through its affiliate companies. AIL was acquired by Torchmark Corporation in 1994 for $563 million, and as part of a company-wide rebranding, it became a subsidiary of Globe Life.
AIL has two wholly owned subsidiaries of its own: 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. National Income Life Insurance Company is often referred to as AIL's New York subsidiary, and as of December 31, 2024, AIL and this subsidiary had combined assets of almost $9.3 billion, with more than $92 billion of life insurance in force.
AIL has a strong focus on supporting labor and giving back to the community. The company has a history of partnering with the labor community and investing in a public policy agenda that reflects the values of working people. AIL was the first company to provide supplemental insurance to members of labor unions and has offered unique benefits such as waiving insurance premiums for up to a year during authorized strike actions. Additionally, AIL developed a college scholarship program for children of union members and contributed to strike funds.
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Frequently asked questions
Yes, American Income Life Insurance is legitimate. They have an A+ rating from AM Best, an independent firm that assesses the financial stability of insurance companies. They have a long history of providing supplemental insurance to credit unions and labor unions.
American Income Life Insurance offers whole life insurance policies, which cover you for your entire life, and term life insurance, which lasts for a specific period, usually between 10 and 30 years. They also offer supplemental health insurance, including accident insurance, hospital indemnity, cancer protection, and critical illness insurance.
American Income Life Insurance uses a multi-level marketing structure to sell insurance and recruit new agents. Agents are independent contractors who are paid on commission and are expected to recruit new agents, earning a percentage of their sales. This model can lead to inexperienced agents who may not provide expert guidance.
American Income Life Insurance has a wide range of policies and is licensed in 49 US states, Washington DC, Canada, and New Zealand. They have a subsidiary licensed in New York and another in the Republic of Ireland. They also have a history of supporting unions, waiving premiums during strike actions and offering union-specific benefits.
You can find an American Income Life Insurance agent by visiting their website and selecting your state/province or ZIP code in the Local AIL Agent Finder, or by searching for agents in your area on the Find an Agent page.
