Military Life Insurance
 

Protecting your family is the fundamental purpose of life insurance. At AFBA we have more than 60 years of experience in offering products to lessen the financial challenges of a loss of life.

Our coverage is convenient, offers competitive rates and most importantly, contains no war or terrorism restrictions, so you can face the challenges of today’s world without fearing a lack of protection for you and your loved ones.

AFBA products also offer the convenience of portability. After you retire or separate from the military, we’ll continue to cover you and your family.

AFBA Family Survivor College Scholarhip Program

We are proud to offer the Charles C. Blanton AFBA Family Survivor College Scholarship. The scholarship is offered to the surviving spouse or children of an insured AFBA member who dies in a combat zone, as a result of combat action or whose life was lost as a result of acts of foreign or domestic terrorism.

The scholarship provides an educational scholarship to candidates for an undergraduate degree of up to $10,000 per family, per year for a maximum benefit of $40,000 for tuition and fees.

Banking

When managing your finances, it's essential to develop a plan for saving and spending.

5Star Bank offers several convenient banking products that provide the flexibility you need to meet your goals and objectives.

Open your savings account with as little as $100 today and start building for a secure tomorrow. And, to ensure the security of your savings account, our deposits are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor.

For your spending needs, we've developed a checking account that is as mobile as you are.

5Star Bank's Freedom NOW checking account provides you with freedom of travel, freedom from worry and freedom to choose. Sign up for a Freedom NOW account and receive free checking, online banking, bill pay, e-statements, and our Checkmate Visa debit card.

Financial Tools
 

Investing Military Pay
 

It is important for service members and their families to understand how military compensation fits into their overall financial plan.

Military compensation is a complex system of more than 40 pay and allowance items, which are often subject to change.

First, visit AFBA’s Financial Planning Guide, which utilizes the most up-to-date information available on common items of pay and allowances, ensuring you have the best information to help plan your financial future.

Then, choose from our line of money market accounts, multiple term certificates of deposit, individual retirement accounts, and mutual funds for your savings and investment needs.