Our History | AFBA

Our History

Founded to Serve Our Great Nation

The Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon with the support of the General of the Army, Dwight D. Eisenhower to ease the strain on military members and their families. At the time, life insurance that would pay a death benefit if the member was killed in combat was not available.
Today, AFBA continues to honor its mission, in war and peace, for those who serve this great nation including our military, emergency first responders, government employees and contractors, and their families. We continue promoting member’s welfare through death benefits and other member benefits. AFBA is proud to serve nearly 650,000 members and has paid nearly $2 billion in death benefits since inception. AFBA death benefits are funded by life insurance underwritten by 5Star Life Insurance Company (“5Star Life”).

Access to life insurance and other non-life insurance member benefits

  • 24/7 coverage with NO war or terrorism exclusions.
  • Coverage on and off duty with no hazardous, line of duty or occupational restrictions.
  • Expedited death benefit.
  • Optional spouse and child coverage.
  • Survivor Scholarship (not available in Virginia).
  • Additional travel, health, and financial service discounts and programs. (None of these benefits are paid for by AFBA).

Proven Leadership

Our Board of Directors reflects the diversity of our markets and is comprised of retired senior flag and non-commissioned military officers from all branches and the National Guard as well as former First Responder and private industry business leaders.

5Star Life Insurance Company

A wholly owned affiliate of AFBA, 5Star Life is the primary underwriter of the AFBA member policies and is also a growing provider of group and worksite voluntary products. Headquartered in Alexandria, VA, 5Star Life is currently licensed in 49 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and American Samoa.