Founded to Serve Our Great Nation
AFBA was established in 1947 with the support of the General of the Army Dwight D. Eisenhower to ease the strain on military members and their families during wartime. At that time, servicemembers could not purchase life insurance that would pay a death benefit if the member was killed in a war zone.
For over sixty-five years, AFBA, the Armed Forces Benefit Association, has stood by our country’s armed forces. AFBA provides life insurance in both war and peace to those who serve this great nation including military, first responders and government employees.
What makes AFBA unique is that, unlike so many other insurance companies, AFBA’s insurance coverage continues to have no war or terrorism exclusions. AFBA also offers other financial benefits and services to its members.
AFBA Stands by Its Members
AFBA has paid life insurance claims to the families of members who lost their lives in the Korean, Vietnam and Persian Gulf conflicts, the attack on the Pentagon and the wars in Iraq and Afghanistan. AFBA continues to keep its rolls open during the "War on Terrorism." The Association has over 345,000 members insured with $37 billion of insurance in force. Life insurance claims paid exceed $1.2 billion.
Outstanding Leadership
AFBA is under the leadership of a President-Chairman and a Board of Directors of retired senior flag and non-commissioned officers and business leaders from private industry who continue to honor the mission of its founders.
AFBA Related Enterprises
5Star Financial, LLC, a financial services holding company owned by the AFBA Investment Trust, offers AFBA members and the general marketplace financial services including individual life insurance and banking services.
5Star Life Insurance Company is the principal underwriter of AFBA’s group life insurance programs in addition to offering individual life insurance products.
5Star Bank™ is a full-service Colorado state bank and provides worldwide banking services which include checking and money market accounts, traditional and Roth IRAs, CDs, credit cards and home and commercial mortgages.