American Income LifeReps

American Income Life Insurance Company is a Waco, Texas-based life and supplemental-health insurance company founded in 1951 by Harold Goodman and his nephew, Bernard Rapoport, with $25,000 in borrowed capital. The original business was established in Indianapolis as American Income Insurance Company, and American Income Life Insurance Company was organized as a stock company in 1954. Its executive offices moved to Waco in 1958. Beginning in 1961, the company developed a close relationship with organized labor by selling insurance to union members and offering benefits designed for working families. Torchmark Corporation acquired American Income Life for $563 million in 1994; Torchmark later adopted the Globe Life name, and American Income Life now operates as a wholly owned Globe Life subsidiary.