Life-Like model trains was established by Lifoam Industries as an alternative product when ice chests are not in demand. Although Life-Like was established during the 50s, it was only at end of the 60s that the company finally started selling rolling stocks. Before that, the company only sold accessories for model trains especially scenery items. The company eventually prospered with Life-Like because the demand for model trains is on the upswing during the early 70s. Lifoam decided to drop the production of model trains in 2005 and sold the rights to Wm. K. Walthers, a popular toy maker. Wm. K. Walthers also distributes model trains of other brands but they are only manufacturing Life-Like train models.

The N scale model trains of Life-Like are popular among hobbyists because of its ability to be integrated to durable accessories. Kato, Kadee and Athearn are only some of the brands that are known to perfectly fit in the N scale models of Life-Like. These accessories are known for their durability and with proper installation; Life-Like model trains become more durable. The company is also known for their Proto model trains which are a collector’s item. Even though they were built during the 90s, their popularity is based on durability as some of the proto model trains are still fully functional.