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The company was positioned as the only 100% union insurance company, and termed the phrase, “Be Union-Buy Union." In 1963, AIL's income was about $6 or $7 million. In 1994, American Income Life was sold to Torchmark Corporation for $563 million. As part of a company-wide rebranding of the Torchmark Corporation, American Income Life became a ...
Alma mater. The University of Texas at Austin. Occupation (s) Founder of American Income Life Insurance Company. Founder of the Bernard and Audre Rapoport Foundation. Bernard Rapoport (July 17, 1917 – April 5, 2012) [1] was an American entrepreneur, philanthropist, author, and the founder of American Income Life Insurance Company .
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
NILICO's parent company, the insurance American Income Life (AIL), was founded more than 50 years ago by Bernard Rapoport with $25,000 of borrowed capital. [3] NILICO products include life insurance, accident & supplementary health insurance and safe kit for children at no cost.
The Liberty National Holding Company, created in 1979, expanded by acquiring United American, along with Globe Life and Accident Insurance Company and American Income Life. In the 1980s, the Liberty National Insurance Holding Company became Torchmark Corporation which then became Globe Life on August 8, 2019.
American International Group, Inc. ( AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled ...
National Guardian Life. National Income Life Insurance Company. National Life and Accident Insurance Company. National Life Group. National Western Life. Navy Mutual. Noridian Mutual Insurance Company. North Carolina Mutual Life Insurance Company. Northwestern Mutual.
American National was founded in 1905 by Galveston businessman William Lewis Moody Jr. Today the company offers a wide array of insurance products and services including life insurance, annuities, health insurance, property and casualty insurance, credit insurance, and pension plan services. Through its subsidiary, ANREM, the company founded ...
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