National Income Life Insurance Company

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National Income Life Insurance Company
Subsidiary of Torchmark Corporation
Industry Life insurance
Founded 2000
Headquarters Liverpool, New York
Area served
New York
Key people
Roger Smith, CEO
Products supplemental health
and life insurance

National Income Life Insurance Company (NILICO), based in Rochester, New York, provides supplemental life insurance to members of labor unions, credit unions, and associations. NILICO has State General Agents who have offices across New York state to serve working families throughout the Empire State. A.M. Best, one of the country’s oldest and most respected insurance rating companies, rates National Income Life A+ “Superior” for overall financial strength (as of June 2013).[citation needed] Along with its parent company, American Income Life Insurance Company (AIL), NILICO is involved on a grassroots level to support working families by establishing food banks, contributing to scholarships, assisting with voter registration, and providing financial support to causes that benefit New York’s working families. NILICO is recognized as a union label company.


NILICO’s parent company, AIL, was founded more than 50 years ago by Bernard Rapoport with $25,000 of borrowed capital.[1] American Income Life is licensed in 49 states, the District of Columbia, Canada, and is registered to carry on business in New Zealand. AIL 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. In 2000 NILICO was licensed as the New York subsidiary of AIL. Writing its first policy in 2001, NILICO had more than $2.9 billion of life insurance in force in 2012 (as of May 2013).[citation needed]

AIL and NILICO are wholly owned subsidiaries of Torchmark Corporation (NYSE: TMK), based in McKinney, Texas.

President and CEO[edit]

Born in New York and raised in Southern California, Roger Smith joined NILICO’s parent company, AIL, in 1975. In September 1999, Smith was appointed Executive Vice President of American Income Life. He assumed those duties for NILICO when it was founded approximately a year later. Since assuming the leadership of AIL’s and NILICO’s separate sales forces he has instituted changes which have led to record growth and production for both companies[citation needed].

In January 2002, Smith was appointed to President and Chief Marketing Officer of AIL and NILICO. In December 2003, Smith was promoted to Chief Executive Officer and President of both companies.

Smith has received recognition in a number of public service areas. He is a member of the Board of Elderly Housing Development and Operations Corporation (EHDOC) [2] which manages the health, welfare and housing of union poverty level retirees. Smith has been an active member of the National Democratic Committee for a number of years[citation needed].


  1. ^ Rapoport, Bernard (2002). Being Rapoport. University of Texas Press. ISBN 0-292-77117-7 Accessed September 21, 2010.
  2. ^ "The EHDOC Board of Directors". Retrieved 10 September 2015.