American Income Life was first chartered in 1924. In 1951, AlL was purchased by Bernard Rapoport, who subsequently positioned the company as a provider of supplemental benefits for the working men and women of labor unions around the world. It is this idea that became the cornerstone of the company’s success.

Mr. Rapoport established the AlL Labor Advisory Board, comprised of esteemed National and International Labor Leaders, to advise on ways to best serve union members. As a Union Label company itself, committed in both word and deed to supporting and advancing the union cause, AlL has enjoyed rapid growth and overwhelming success. The unique marketing concept developed by Mr. Rapoport continues to associate us with an ever-expanding marketplace. Today, American Income has expanded to include credit unions and associations, both natural extensions of the union market, and has worked with some 40,000 organizations, counting close to 4 million of their members as clients.

Ranked, relative to size, among the top 10% of individual life companies, American Income has over $1 billion in assets with over $10 billion of business in force, and is the fastest growing company in the industry. AlL pays out more than $44 million in benefits, annually, to members and their families. An “A” Excellent rating for claims paying ability by A.M. Best, an independent provider of insurer ratings, validates the company’s financial stability.
 

With the support and leadership of State General Agents, AlL has a scholarship program that annually assists hundreds of sons and daughters of working families to receive a college education, sponsors food banks for striking and laid-off members, and contributes tens of thousands of dollars each year to labor’s causes on national, state and local levels.