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American Income Life Insurance Company ( AIL) is an American unionized life insurance company that provides supplemental life insurance to labor unions, credit unions, and associations. The company was founded in 1951 and the executive offices have been located in Waco, Texas, since 1959. American Income Life is licensed in 49 states, the ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. 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 ...
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 .
The company is based in Rochester, New York and is a subsidiary of American Income Life Insurance Company which is a subsidiary of Globe Life. History. 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.
Term life insurance is valid for a specific period and guarantees payment if a person dies within that term. With term lengths spanning 10 to 30 years , SBLI ensures your coverage and premiums ...
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 ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...