Moser brings enterprise knowledge and financial expertise to new role
ALEXANDRIA, VA – Armed Forces Benefit Association (AFBA), and its affiliate, 5Star Life Insurance Company (5Star Life), announced today that Michael R. Moser has been named Chief Distribution and Legal Officer, effective January 1, 2024.
“Michael has been a valued member of the AFBA and 5Star Life team for the past ten years. His thorough knowledge of our enterprise, along with his financial and legal expertise, will be an invaluable asset in his new and expanded role,” said General Larry O. Spencer, USAF (Ret.), President of AFBA and 5Star Life.
Moser joined the enterprise in 2013 bringing more than 15 years of experience in the financial services industry. Previously, he served eight years as Vice President & Chief Compliance Officer for the Fortune 500 company, the Western & Southern Financial Group, and eight years in ascending legal and compliance roles at Nationwide Mutual, a Fortune 100 company, where he assisted in strategy formation and market planning. Before his career in home office financial services, Michael practiced in law firms with a focus on business matters, worked as a strategy consultant to start-up entities, and as a financial planning services sales representative.
“I’m looking forward to contributing in this new capacity to our important mission of serving our members and hardworking Americans,” said Moser. “It’s humbling to have this opportunity to play a role in our growth as we find ways to even better serve those who rely on us to be there for their families in difficult times.”
About AFBA
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families. At the time, they could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has more than 920,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company). AFBA is not affiliated with any government agency.
About 5Star Life Insurance Company
5Star Life Insurance Company (5Star Life) is the primary underwriter of the Armed Forces Benefit Association (AFBA) member benefits and is also a growing provider of group and worksite voluntary products. Its business model enables 5Star Life to serve the needs of a diverse clientele as an insurance advisor to individuals and organizations and as a trusted partner to brokers. 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.
New director brings deep financial expertise to guide the enterprise
ALEXANDRIA, VA- The Armed Forces Benefit Association (AFBA) announced today the appointment of Lawrence “Larry” R. Lynch to its Board of Directors, effective September 1, 2022.
“We are pleased to welcome Larry Lynch to the AFBA Board of Directors. His financial expertise will help guide our board as we continue to make financially sound decisions for the enterprise,” said General Craig R. McKinley, USAF (Ret.), AFBA Chair. “Our financial strength ensures we are able to fulfill our mission of serving those who serve this great nation today and in the future.”
Lawrence R. Lynch spent 39 years with PricewaterhouseCoopers (“PwC”), 26 years of which he served as a Partner. At PwC, Mr. Lynch provided Assurance, Accounting and Advisory services covering both domestic and international companies. Lawrence was a member of the Financial Services Practice for over 20 years where he focused primarily on the Insurance industry covering, life, property and casualty, financial guaranty, credit and reinsurance sectors. Further to his professional services experience, Lawrence has served as Chairman of The Board of Trustees at the University of Scranton and Marymount International School of Paris.
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has more than 535,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
AFBA Appoints General Craig R. McKinley, USAF (Ret). as New Board Chair
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) announced today the appointment of General Craig R. McKinley, USAF (Ret.) as Chair of the AFBA Board, effective January 1, 2023.
“I would like to thank General Eberhart for his countless contributions as Chair and his dedication to our country’s military service members, first responders, and customers throughout the years,” said General Larry O. Spencer, President of AFBA and 5Star Life Insurance Company. “We are fortunate to have respected leaders on our board to guide our efforts and are pleased to welcome General Craig McKinley as AFBA’s new Chair. He has been a valued member of our board for two years, and his experience, leadership, and expertise in our markets make him an excellent choice to lead AFBA into the future.”
Craig R. McKinley retired as a four-star general in 2012 after a 38-year career in the Air Force. His last assignment was as the Chief of the National Guard Bureau, where he also served as a member of the Joint Chiefs of Staff. In that capacity, he served as military advisor to the President, the Secretary of Defense, and the National Security Council. He has also served as National Chair of Employer Support of the Guard and Reserve.
“It has been a privilege to serve on the AFBA board these past few years and it is an honor to accept this new role. I am looking forward to my new responsibilities as Chair while we continue to fulfill and further AFBA’s mission of serving those who serve, defend, protect this great nation,” said General Craig R. McKinley, USAF (Ret.).
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has more than 535,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
Association to celebrate its notable legacy in 2022 as it looks ahead to a bright future
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) announced today its plan to mark its 75th anniversary by celebrating its notable legacy as it looks to the future to continue fulfilling its noble and patriotic mission.
“Protecting those who go in harm’s way has always been our mission. AFBA has paid death claims to the families of members who have served in every military conflict since the Korean War. We are proud of our 75-year legacy serving those who serve this great nation,” said General Ed Eberhart, USAF (Ret.), Chair of AFBA.
General Larry Spencer, USAF (Ret.) President of AFBA added, “While celebrating our legacy, we are also positioning AFBA for the future with optimism and determination. This year, we will be rebranding and launching a new website to better connect with our members and our markets. We plan to raise our profile through sales promotions and advertising campaigns, and towards the latter part of the year, we will host a series of events to honor the past and embark into the next 75 years.”
Formed with the support of the General of the Army, Dwight D. Eisenhower, in the basement of the Pentagon on February 1, 1947, AFBA initially provided $10,000 worth of life insurance to active-duty Army and Air Force officers serving overseas. At the time, they could not purchase life insurance that would pay a death benefit if they were killed in combat. Over the years, we have adapted, grown, and changed so we could continue to fulfill our mission – to serve those who serve, defend, and protect this great nation. Today, we are proud to serve active duty servicemembers, National Guard members, first responders, and government employees, providing greater financial security to our members’ loved ones in the event of their death.
From humble beginnings, today, we are one of the oldest and largest associations of our kind with more than 535,000 members. We have paid almost $2 billion in member benefits, served more than a million members, and helped countless families achieve financial security in time of need. Financially sound and strategically positioned, we look forward to a future serving new generations of AFBA members.
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve, defend, and protect this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has more than 535,000 members with $40 billion of death benefits in force and has paid almost $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
New directors bring extensive experience related to the Association’s membership cohorts
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) announced today the appointment of two new members to its Board of Directors, effective January 1, 2022.
“We are pleased to welcome former Washington D.C. Police Chief Cathy Lanier and Brigadier General Allyson Solomon to the AFBA Board of Directors. Their extensive experience in the first responder and National Guard markets, respectively, will help guide our enterprise as we can continue to protect future generations of servicemembers and first responders,” said General Ed Eberhart, USAF (Ret.), Chair of AFBA and its affiliate, 5Star Life Insurance Company.
General Larry O. Spencer, USAF (Ret.) President of AFBA and 5Star Life, added, “Having diversity of backgrounds, experience, and perspective on the Board is critical as we continue to fulfill our mission – to serve those who serve this great nation.”
Before joining the National Football League in 2016 as Senior Vice President and Chief of Security, Cathy L. Lanier spent her 26-year law enforcement career with the Washington D.C. Metropolitan Police Department, beginning in 1990. Much of her career was in uniformed patrol, where she served as Commander of the Fourth District, one of the largest and most diverse residential districts in the city. She also served as the Commanding Officer of the Department’s Major Narcotics Branch, Vehicular Homicide Units, and the Special Operations Division, where she is credited with creating the Department’s Homeland Security and Counter-Terrorism Bureau. Named to the top post in 2007, her strategies are credited with reducing violent crime in Washington DC.
Brig. Gen. Allyson R. Solomon, USAF (Ret.) is a former Assistant Adjutant General of the Maryland National Guard. Since enlisting in the Maryland Air National Guard over thirty years ago, she has risen through the ranks and broken barriers. Gen. Solomon has served as the first female Colonel, the first female and African American Brigadier General, and the first female and African American Assistant Adjutant General in the Maryland Air National Guard. Since 2015, she has served as President of the National Guard Youth Foundation whose mission is to work with at-risk youth providing them with the values, life skills, education, and self-discipline necessary to succeed in life.
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has more than 535,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
New directors bring deep experience related to the association’s membership cohorts
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) announced today the appointment of three new members to its Board of Directors, effective January 1, 2020.
“We are pleased to welcome General Craig McKinley, Sergeant Major Alford McMichael, and Fire Chief John Butler to the AFBA team. Their experience, expertise and leadership make them ideal representatives for our membership especially those who serve in the armed forces and as first responders,” said General Ed Eberhart, USAF (Ret.), Chair of AFBA and its affiliate, 5Star Life Insurance Company.
General Larry O. Spencer, USAF (Ret.) President of AFBA and 5Star Life, added, “We are fortunate to have such proven and respected leaders as directors guiding our efforts to serve those who serve this great nation.”
General McKinley retired as a four-star general in 2012 after a 38-year career in the Air Force. His last assignment was as the Chief of the National Guard Bureau, where he also served as a member of the Joint Chiefs of Staff. In that capacity, he served as military advisor to the President, the Secretary of Defense, and the National Security Council. He has served on the 5Star Life Board (affiliate of AFBA) since December 2019. He currently serves as National Chair of Employer Support of the Guard and Reserve.
SMMC McMichael served in the United States Marine Corps for more than 36 years and was named its 14th Sergeant Major in 1999. His military career culminated in his appointment as the first senior
non-commissioned officer for NATO. He is a managing director or Pinnacle Five, LLC, a consulting company providing advisory services related to veteran and Department of Defense issues.
Chief Butler has been the Fire Chief for the Fairfax County, Virginia Fire and Rescue Department since
September 2018. He previously served as the first internal fire chief for Howard County, Maryland and was the first chief to have held every rank within that department. He sits on the Northern Virginia Fire and Rescue Leadership Development Institute Advisory Board, National Fire Academy Board of Visitors, and executive board of the Metropolitan Fire Chiefs Association. He is a Marine Corps veteran with 20 years of service, including two combat tours.
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members providing death benefits and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has over 650,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
A career of service that resonates with our core markets
ALEXANDRIA, Va – The Armed Forces Benefit Association (AFBA) and its affiliate, 5Star Life Insurance Company, announced today the appointment of Major General Augustus L. “Leon” Collins, USA (Ret.) to the 5Star Life Board of Directors, effective December 1, 2020.
“It is our pleasure to welcome Leon Collins to the 5Star Life Board of Directors. His proven leadership and decades of service to this great nation make him an outstanding addition to our Board”, said General Ed Eberhart, USAF (Ret.), Chair of AFBA and 5Star Life.
General Larry O. Spencer, USAF (Ret.) President of AFBA and 5Star Life, added, “The service and protection we provide for our military members, first responders, and civilians who serve our country will be enhanced with General Collins as a member of the Board.”
General Collins retired after more than 30 years of military service as the Adjutant General of the Mississippi National Guard in 2016. His Army career included command of the 155th Brigade Combat Team, a force of more than 4,500 servicemembers in The Iraqi Theater of Operations. Collins currently serves as the Chief Executive Officer of MICACT, Inc, a job training, development, and management company in Jackson, MS.
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members providing death benefits and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has over 650,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
About 5Star Life
5Star Life Insurance Company (5Star Life) is the primary underwriter of the Armed Forces Benefit Association (AFBA) member policies. In addition, it extends the enterprise’s mission to civilians serving our country in the workplace. As a growing provider of group and worksite voluntary products, 5Star Life serves a diverse clientele as an insurance provider to individuals and organizations and as a trusted advisor to brokers. 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.
Wong to consolidate the enterprise distribution
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) and the 5Star Life Insurance Company boards of directors have named Michael K. “Kimo” Wong as Chief Distribution Officer effective immediately, consolidating the sales organizations for both entities.
“Kimo Wong’s appointment as Chief Distribution Officer further unifies the enterprise’s strategic direction. Both boards of directors have confidence in his leadership and proven record of success as we continue to fulfill our mission – to serve those who serve this great nation,” said AFBA and 5Star Life Chair General Ralph E. “Ed” Eberhart, USAF (Ret.).
“I am delighted to have the sales organizations of both AFBA and 5Star Life now under Kimo Wong’s direction. In his new role, he will lead the sales strategy in the worksite market, in addition to his current responsibilities in the active duty, first responder, and National Guard markets. This appointment enables the AFBA / 5Star enterprise to better carry out its important mission by further coordinating its distribution efforts,” said AFBA and 5Star Life President General Larry O. Spencer, USAF (Ret.).
Kimo Wong is a 1975 graduate of the Virginia Military Institute, where he earned a Bachelor of Arts degree in English and an Air Force commission. He is a former Air Force reservist and a 44-year veteran of the insurance industry. He joined AFBA in 1997 and is responsible for setting strategic direction for AFBA’s membership enrollments for the active duty, first responder, and National Guard markets. Wong holds both the Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC) designations.
“It is an honor and privilege to serve our country’s military service members and first responders, and now, civilian customers of 5Star Life who work every day to ensure our country’s economic strength,” said Kimo Wong. “I look forward to building on the success of the worksite team to increase sales in 5Star Life and membership in AFBA.”
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members providing death benefits and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has 650,000 members with $40 billion of survivor benefits in force and $2 billion paid since inception. AFBA survivor benefits are underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
About 5Star Life Insurance Company
5Star Life Insurance Company (5Star Life) is the primary underwriter of the Armed Forces Benefit Association (AFBA) member policies and is also a growing provider of group and worksite voluntary products. Its business model enables 5Star Life to serve the needs of a diverse clientele as an insurance advisor to individuals and organizations, and as a trusted partner to brokers. 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.
General Spencer to hold dual presidency of AFBA and 5Star Life
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) and the 5Star Life Insurance Company Boards of Directors have named General Larry O. Spencer, USAF (Ret.), as President of 5Star Life effective June 1, 2020.
“General Spencer was appointed AFBA President earlier this year and his superb leadership has proven invaluable as we dealt with the Covid-19 crisis. His appointment as President of 5Star Life will help us achieve our strategic objectives under one leadership banner. Both boards of directors have confidence in his steady and decisive leadership as we continue to fulfill our mission – to serve those who serve this great nation,” said AFBA and 5Star Life Chair General Ralph E. “Ed” Eberhart, USAF (Ret.).
General Spencer spent more than 40 years in the Air Force, beginning his career in the enlisted ranks and rising to become a four-star general. General Spencer’s last assignment was as the Vice Chief of Staff of the US Air Force where he assisted the Chief of Staff in organizing, training, and equipping 690,000 active-duty, Guard, Reserve and civilian forces. After retiring from the Air Force in 2015, General Spencer served as President of the Air Force Association until 2019. He currently serves on the boards of Whirlpool Corporation, Triumph Group, Inc., and Haynes International, Inc.
“It is an honor to serve our country’s military service members and first responders, and now, civilian customers of 5Star Life who work every day to ensure our country’s economic strength, said General Spencer. “With the support of General Eberhart and both boards of directors, I am optimistic about the future and confident the joint enterprise – AFBA and 5Star Life – can support members and customers even better than before.”
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members providing death benefits and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has 650,000 members with $40 billion of life insurance benefits in force and has paid nearly $2 billion of life insurance benefits since inception. AFBA life insurance benefits are underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).
About 5Star Life Insurance Company
5Star Life Insurance Company (5Star Life) is the primary underwriter of the Armed Forces Benefit Association (AFBA) member policies and is also a growing provider of group and worksite voluntary products. Its business model enables 5Star Life to serve the needs of a diverse clientele as an insurance advisor to individuals and organizations, and as a trusted partner to brokers. 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.
General Ralph E. “Ed” Eberhart, USAF (Ret.) to remain as Chair
ALEXANDRIA, VA – The Armed Forces Benefit Association (AFBA) Board of Directors has named General Larry O. Spencer, USAF (Ret.) as its new President (effective March 9, 2020) and member of the Board (effective February 26, 2020). Also, AFBA’s affiliate 5Star Life Insurance Company (5Star Life) Board of Directors has appointed General Spencer as a member of its board (effective February 26, 2020). Current AFBA Chair and President General Ralph E. “Ed” Eberhart, USAF (Ret.), will remain the chair of the 650,000 member-strong association. He will also remain Chair of 5Star Life.
“It has been an honor to serve our country’s military service members, first responders, and customers of 5Star Life over the past 15 years as President of this association,” said General Ed Eberhart, Chair and outgoing President of AFBA. “We are pleased to welcome General Spencer as our new President and are confident that, with our board’s continuing dedicated leadership, he will direct AFBA operations with purpose and resolve as we continue to fulfill our mission – to serve those who serve this great nation”.
General Spencer spent more than 40 years in the Air Force, beginning his career in the enlisted ranks and rising to become a four-star general. General Spencer’s last assignment was as the Vice Chief of Staff of the US Air Force where he assisted the Chief of Staff in organizing, training and equipping 690,000 active-duty, Guard, Reserve and civilian forces. After retiring from the Air Force in 2015, General Spencer served as President of the Air Force Association until 2019. General Spencer received his Bachelor of Science Degree in industrial engineering technology from Southern Illinois University at Carbondale and has two Master of Science degrees. He currently serves on the boards of Whirlpool Corporation, Triumph Group, Inc., and Haynes International, Inc.
“I am pleased to join AFBA and look forward to working with the leadership team to proudly serve our service members, first responders, and their families,” said General Spencer. “The Association has a tremendous legacy and I am humbled by the honor of being named President and the opportunity to advance its mission.”
General James L. Jones, USMC (Ret.), AFBA’s lead independent director, stated, “With exceptional leadership and vision, General Eberhart has been instrumental in making AFBA what it is today. He has led the organization in a strategic growth plan that has revitalized our relevance and mission to those who go in harm’s way on behalf of our country. We thank him for his countless contributions as President and all he has done for our members, field representatives, and employees. As Chair, his vision will continue to guide our efforts to protect future generations of service members and first responders. We know that General Spencer’s experience and leadership will further those efforts, and we look forward to working with him.”
About Armed Forces Benefit Association
With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members providing death benefits and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has 650,000 members with $40 billion of death benefits in force and has paid nearly $2 billion of death benefits since inception. AFBA death benefits are underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company).