Is American Income Life Insurance Company Legit? 
Yes , American Income Life -LRB- AKA AIL -RRB- is located in Waco , TX . They wereformed with the name American Income Lifein 1954 . The owners of the company had operated under the name American Income as early as 1951 . They were purchased by Torchmark Corporation in 1994 for 563 million dollars . They are a legit insurance company . 