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Ullico Inc. is a privately held insurance and financial services holding company in the United States.Formerly known as Union Labor Life Insurance Company, it was founded in 1927 [1] by the American Federation of Labor (AFL) and its then president, Samuel Gompers, to offer health and life insurance products specifically to working men and women.
American Income Life Insurance Company (AIL) is an American unionized life insurance company that provides supplemental life insurance to labor unions, credit unions, and associations. The company was founded in 1951 and the executive offices have been located in Waco, Texas, since 1959. American Income Life is licensed in 49 states, the ...
The Union Labor Life Insurance Company (ULLICO) opened its doors on May 1, 1925. Woll was president of the company from 1925 to 1955, and then its general executive chairman from 1955 until his death.
National Income Life Insurance Company (NILICO) is an American insurance company providing supplemental life insurance to members of labor unions, credit unions, and associations. The company is based in Rochester, New York and is a subsidiary of American Income Life Insurance Company which is a subsidiary of Globe Life.
Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. Compensation can be fixed and/or variable, and is often both. Variable pay is based on the performance of the employee. Commissions, incentives, and bonuses are forms of variable pay. [2]
The union was founded be the Congress of Industrial Organizations (CIO) on May 1, 1950, as the Insurance and Allied Workers' Organizing Committee. [1] It was intended as a replacement for the United Office and Professional Workers of America , which had recently been expelled from the CIO, and 90% of the members of which worked in the insurance ...
In 2001, Smith was appointed as Assistant to the General President for the International Union. On January 3, 2011, Smith was named Chief Executive Officer of The Union Labor Life Insurance Company (Ullico Inc.), a labor-owned insurance and investment company headquartered in Washington, D.C. He had been serving as the company's president since ...
Form LM-2 is filed with the Office of Labor-Management Standards (OLMS) by unions in the United States that details how a union spent funds in the past year. [1] It is the most detailed report labor organizations are required to file. [2]