AFBA News

AFBA and 5Star Life is the Life Insurance Provider for Members of the NGAC

June 18, 2005

Armed Forces Benefit Association and 5Star Life are proud to be the life insurance provider for members of The National Guard Association of California.

Established in 1947 with the approval of Secretary of War, Mr. Robert Patterson, and General of the Army, Dwight D. Eisenhower, AFBA’s mission is to promote the general welfare and economic interests of its members and their families by providing superior benefits and services during peace and war.

Since 1947, AFBA has paid death claims to the beneficiaries of its members serving in 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’s Certificates of Insurance exceed 525,000 with $35 billion of insurance in force. Claims paid exceed $1 billion.

Today AFBA is under the leadership of former Northcom commander General Ralph E. "Ed" Eberhart, USAF (ret.), and a Board of Directors of senior active duty and retired military personnel.

AFBA continues to fulfill the mission set forth by its founders and is honored to provide high-quality, low-cost life insurance products and other financial benefits and services to members of the California National Guard and their families in peace and in war. www.ngac.com

5Star College Program Put in Place

June 18, 2005

The 5Star College Program is a financial program designed especially for college students age 18 and older.

This program provides financial products designed to help develop money managment skills, obtain a solid credit rating and ultimately gain the financial independence they want.

New Tricare For Life!

June 18, 2005

New Tricare For Life! If you are enrolled in Tricare Standard, Tricare Extra, or Tricare For Life, we recommend our zero deductible, inpatient and outpatient 5StarCare Plus program. This program covers your cost shares, co-payments, and all of your Tricare allowable excess charges.

Tricare for Life becomes effective October 1, 2001 for military retirees age 65 and older. For those who enroll in our 5StarCare Plus program, we will continue our policy of paying your unpaid Tricare balances.

This means you have coverage when you need it the most! Our supplement provides coverage for pharmacy co-payments, prolonged in-patient care, and skilled nursing facility care beyond 100 days.

Military.com Adds Five Strategic Partners to its Arsenal

June 18, 2005

Military.com has added five strategic partners to its arsenal and we are one of them.

The company signed strategic partnerships with three financial services groups: AFBA, Pentagon Federal Credit Union and Bankrate.com.

"These partnerships follow on the heels of a strategic investment by A&E Television Networks and support our plans to supply a broad range of high-quality products and services," said CEO Christopher Michel. "Our commanding lead in the market can be traced to our understanding of active duty and veteran audiences and to our alliances with best-of-breed partners."

NCOA Teams Up with AFBA

June 18, 2005

The Non Commissioned Officers Association has teamed up with us to offer you a variety of affordable life insurance products to meet the needs of you and your family.

AFBA Expands Membership Beyond Military

June 18, 2005

It is with great pleasure that we announce that AFBA has expanded its membership rolls to include all Civilian Contractor Company employees who work with the Department of Defense of Federal Government and all First Responder employees who work for federal, state, or local municipalities.

Now, all these employees are eligible for the same great life insurance protection previously available only to members of the military services and their families. Whether being deployed overseas, or in harms way locally because of high risk occupations, we offer low-cost coverage with no war, territorial, or terrorism limitation clauses.

AFBA Battles Identity Theft with 5Star Identity Recovery Services

Spring, 2005

It’s frightening to discover you’re the victim of identity theft. You feel powerless—not knowing what to do first or where to turn for help. While identity theft victims spent a staggering $5 billion in out-of-pocket expenses in just one year to resolve the theft of their identity¹, they say it’s the sleepless nights, stress and time spent that actually hurts the most.

For these reasons, we developed 5Star’s Identity Recovery Services, as a benefit to active 5Star Bank customers. These services give you the tools and support you need to help you reclaim your identity and credit record (in the event you find yourself the victim of identity theft), and include:

• A detailed action plan, including contact information and a task-list, to help you assess and tackle the impact of identity theft across all areas of your life.
• Model letters for use in notifying your other creditors, banks credit bureaus and regulatory agencies of the theft.
• Activity logs to help you organize, document and monitor the recovery process.Access to our Fraud Specialists via a toll free “hotline” for guidance and support.
• Valuable tips to help outsmart identity thieves in the future.

If you are an active 5Star Bank customer and find yourself a victim of identity theft, just give us a call at 1-888-277-0444. We’ll make these services available to you and send this kit of valuable information for a one-time cost of $4.95 – which covers materials and postage.

¹ SOURCE: FTC PRESS RELEASE, SEPTEMBER 3, 2003.

Letter from our President