Definition: The American Income Life Insurance Company (AILIC) was established in 1986 by a group of financial professionals who recognized the need for an industry that would offer low-cost, guaranteed-income protection to individuals who might not otherwise qualify for life insurance. The company is headquartered in Boston and offers a wide range of products including term life insurance, long-term care insurance, annuities, and retirement income planning. The AILIC was established with the goal of providing affordable, reliable coverage to individuals who may have other financial concerns such as medical expenses or disability. It aims to help people manage their financial needs in an easy-to-understand manner while still offering a competitive rate on a guaranteed-income policy that provides protection against financial risks associated with being disabled. The AILIC's products are designed to provide peace of mind for individuals by covering potential future income losses, including those caused by disability or illness. The company also offers a variety of investment options and insurance plans that can be tailored specifically for the individual's needs and preferences. The AILIC is committed to providing high-quality service and support for its customers, and it strives to maintain low costs while offering an attractive rate on a guaranteed-income plan. The company has a strong reputation for helping people manage their financial responsibilities and provides resources and education on a range of topics related to insurance coverage.
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