Life Insurance Company of Alabama is a multimillion-dollar financial institution. The company has more than 68 million dollars in assets. Life of Alabama operates in more than 10 southeastern states that include Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Tennessee. Since its organization in 1952, LICOA has paid hundreds of millions of dollars in benefits to its policyholders. During the past two years, the company paid out more than 37 million dollars in benefits. It has been a leader in worksite marketing of supplemental insurance products for more than 25 years. Products offered include life insurance plans, such as whole life and term; accident and health insurance plans, such as cancer, short-term disability, dental, accident, major expense, intensive care and hospital indemnity. Life Insurance Company of Alabama is headquartered in Gadsden, Ala.