Military Retirees and Separtees

You've dedicated your life to serving our country. Now, you're facing the next challenge: the transition to civilian life.

Retirement is the beginning of a new life for you and your family. And with new beginnings come new challenges, new adventures and new costs.

Whether you choose to buy a home near the beach or re-enter the workforce, financial planning is key to successfully managing your "second career."

To get the most from your savings and investments, start planning your retirement vision early. Saving and investing early for retirement can help you to spend more of your valuable time pursuing your life long dreams rather than worrying about when and if you'll be able to pay for them.

We know that reaching your goals requires hard work and solid planning. So we developed a comprehensive Financial Planning Guide to help you understand your options.

Our guide offers in-depth information on financial considerations for armed services personnel retirees and step-by-step worksheets to help you and your family begin planning your financial future today.

Choose from our variety of insurance, banking, and investment tools to put your plan into action.

Life Insurance

AFBA offers many life insurance products to fit the short and long-term needs of those facing retirement or separation from the military.

We offer plans that are available for applicants up to 80 years old.

If you aren't comfortable that your current finances will be enough to help pay for your final expenses, our Silver Premier Whole Life plan is designed specifically to assist you and your family with this need.

Health Plans

As you prepare for retirement, it’s important to consider a health insurance plan that fits the needs of you and your family.

Our 5StarCare Tricare health insurance supplement offers various plans to help cover you and your family.

If you’re planning to move or remain overseas, our products are portable so you’ll know you’re covered wherever you may choose to live.

Rest assured that your 5StarCare benefits continue for you and your children, even if your spouse dies. 5StarCare Plus offers a waiver of premium benefit for the surviving spouse and children until the spouse remarries or turns 65.

Banking

As you head into retirement you want ease of use and portability in your banking.

At 5Star Bank, our banking products are designed with you in mind.

Checking Accounts

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 Check card good at our national network of 32,000 surcharge-free ATM machines.

Savings Accounts

Open a zero-minimum 5Star Passbook Savings account for as little as $100 and start earning interest on your money. 5Star Bank deposits are insured by the FDIC for up to $100,000 so you know that your money is protected as it grows.

Investing

Investing wisely is one of the most important aspects of reaching financial independence in retirement.

However, you must first begin with a solid plan to help meet your goals and objectives.

We offer the planning tools and a mix of investment products to help you achieve your goals.

Review our comprehensive Financial Planning Guide, which provides in-depth information on a multitude of investment options as well as step-by-step worksheets to help you develop an individualized investment plan.