About American Income Life Insurance Company American Income Life is an international company protecting working families in the United States, Canada, New Zealand, and through our wholly-owned subsidiary, National Income Life Insurance Company in New York. American Income has served working class families since 1951 with life, accident, and supplemental health products to help protect members of labor unions, credit unions, associations and their families.AIL representatives develop longterm relationships with clients and meet them where they are most comfortable ... their home.