AFBA was established in 1947 as a non-profit voluntary membership association with the approval of the Secretary of War, Mr. Robert Patterson, and the support of the Chief of Staff, General of the Army Dwight D. Eisenhower "to promote the general welfare and economic interests of its members and their families by providing superior benefits and services principally to military families during peace and war." Membership in AFBA today is available to all members of the Uniformed Military Services; Department of Defense, Department of Homeland Security and other Federal Government employees; Contractor Employees in support of the Uniformed Military Services; State and Local Employees (to include Police Officers, Firefighters and other First Responders); and their families.

Since 1947, AFBA has paid death claims to the beneficiaries of its members serving in the Korean, Vietnam, and Persian Gulf conflicts, the terrorist attack on the Pentagon and the Iraqi and Afghan operations. AFBA continues to keep its rolls open during the "War on Terrorism." AFBA has over 340,000 members with $37 billion of insurance in force. Claims paid exceed $1 billion.

AFBA is under the leadership of a Board of Directors of retired senior flag and non-commissioned officers who continue to honor the mission set forth by its founders.

AFBA Related Enterprises

5Star Financial, LLC provides to AFBA members and the general marketplace financial services including individual life insurance and banking services.

5Star Bank™ offers worldwide banking services, which include checking and money market accounts, traditional and Roth IRAs, and CDs. The Bank is best known for a nationally recognized credit card programs.

5Star Life Insurance Company is the principal underwriter of AFBA’s group life insurance programs in addition to offering individual life insurance products.