Having a Baby

Becoming a parent is one of the most exhilarating and exciting events one can experience in a lifetime, but it doesn't have to be the costliest.

With sound financial planning, you can help ensure a smooth transition into parenthood while securing your child's future transition to adulthood.

AFBA's line of insurance, investment and banking products are tailored to fit your family planning needs, helping to identify and meet the costs of your child's first diaper through their first day of college.

Our comprehensive Financial Planning Guide offers a step-by-step outline to help you begin planning your family's financial future.

Health Plans

At AFBA we know that you have many concerns during pregnancy, but first and foremost are the health of you and your baby. However, health costs can often be most expensive during a child's first few years.

AFBA offers health plan options to help reduce your concerns and the associated costs. And, if you or your spouse is covered by one of our 5StarCare Health Plans, your child is automatically covered by the plan for the first month of his or her life.*

When you're ready, we'll help you identify the best plan for your newborn, ensuring that future costs won't grow as fast as your child does. AFBA's Tricare health insurance supplement has a straightforward premium plan so you can budget ahead of time for health care costs. No surprises. No unexpected bills.

*application must be made within 31 days after the birth.

Life Insurance

You want to provide for your child for years to come, but if for some reason you or your spouse is unable to do so, you want the comfort of knowing your child will be financially secure into adulthood.

AFBA life insurance products offer a wide range of cost-effective options for coverage against loss, and choosing your plan early will help keep the costs even lower.

Banking

At 5Star Bank we know when managing a growing family, time and money are precious. To give you more free time with your loved ones and less worrying about finances, we offer a range of secure, convenient and competitive banking options to help you bank in a way that best fits your family's needs.

5Star Bank consistently receives the highest ratings for financial strength from the leading bank rating services, and deposits are FDIC insured up to $100,000.

Our Freedom NOW checking account provides you with free online banking, bill pay and e-statements so that you can bank wherever and whenever you need to. And, our no annual fee Visa Checkmate check card offers you added freedom; it's accepted at more than 32,000 surcharge-free ATMs across the country.

To begin earning interest on your money, open one of our 5Star Bank zero-minimum balance Passbook savings accounts for as little as $100.

College Planning

One of the most rewarding gifts parents can give to their children is the gift of education. But with many college's tuitions rising faster than inflation annually, paying for your child's education requires planning and dedication.

Banking Options:

From flexible money market accounts to guaranteed rates on our range of certificates of deposit, 5Star Bank's extensive line of savings options provide you with the freedom of choice in your college financial planning.

Mutual Fund Options:

Whether you use a Coverdell Education Savings Account, a Custodial Account, or a regular account, AFBA 5Star Fund offers a family of mutual fund options to suit your particular situation.

Major Purchases

With a growing family, come increased needs and growing expenses.

5Star Bank and AFBA 5Star Fund offer several products tailored to your needs so you can plan ahead for major purchases. From the house your child grows up in, to the home where you retire, we are with you all the way.