Horn’s insurance background will be invaluable in driving strategic plans
ALEXANDRIA, VA – The 5Star Life Insurance Company today announced that Randy Horn has been appointed to its Board of Directors effective January 1, 2018.
Horn has enjoyed a highly successful career in the financial services industry, with extensive leadership experience in the worksite market, which is a strategic focus for 5Star Life.
“I am excited to welcome Randy Horn to our board of directors. His deep experience in life insurance and other worksite benefits will be a great asset to our organization”, said General Ed Eberhart, USAF (Ret.), Chairman of 5Star Life.
Horn brings 40 years of life insurance experience, in particular, in the group and worksite benefits arena. Horn retired from Colonial Life & Accident Insurance Company after serving as CEO and president for 11 years where he held responsibility for the overall strategic direction of the voluntary benefits company. Prior to that, Horn worked for Mutual of Omaha Insurance Company for a span of 27 years where he held multiple roles of increasing responsibility. Before leaving, he had management responsibility for all functions including sales and marketing for a 2,800-employee business unit focused on individual life, health, and investment products. Horn has served on the boards of various non-profits in the Omaha, Nebraska area.
“I am pleased to join the 5Star Life board of directors and look forward to working with the management team to achieve its strategic objectives in the worksite market and helping this outstanding organization continue to grow and prosper,” said Horn.
5Star Life President, Mark Singleton stated that “Randy Horn’s expertise and leadership will be invaluable as we build upon our positive, growing position in the market and focus more of our resources on providing financial protection solutions in the workplace”.
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 Virgin Islands, Guam, and American Samoa.
Contact:
Cynthia Light
703-224-5004
[email protected]
West Des Moines, Iowa and Alexandria, Virginia –SEPTEMBER 25, 2017—American Equity Investment Life Insurance Company (“American Equity”), a leading provider of fixed index annuities, and Armed Forces Benefit Association (“AFBA”) today announced that they will partner to transition American Equity’s National Guard and Fire Fighter group life insurance coverage to AFBA effective January 1, 2018.
“We are excited to work with AFBA. With its long-standing commitment to service members and first responders, we are confident AFBA is the ideal partner as we transition our group life insurance business,” said John Matovina, Chief Executive Officer of American Equity. “We have been in the National Guard and Fire Fighter business since day 1 at American Equity. Supporting those who serve our country and communities is, and will continue to be, part of our culture and identity. As our annuity business continues to grow, we believe our service members and fire fighters will be well-served by an organization strategically focused on providing products and services meeting their needs.”
American Equity currently insures over 65,000 National Guard members and over 13,000 fire fighters serving in 106 locals throughout the United States. AFBA provides life insurance to over 140,000 National Guard members, retirees and family members and over 130,000 First Responders, retirees and family members.
General Ralph E. “Ed” Eberhart, USAF (Ret.), Chairman and President of AFBA, added “For 70 years, AFBA has been committed to serving those who serve this great nation. Our focus is on providing life insurance products and services tailored for service members and first responders. American Equity has been the pathfinder in serving the citizen Soldiers and Airmen of our nation and we are honored to work with their National Guard and Fire Fighter customers to provide excellent life insurance solutions and service.”
ABOUT AMERICAN EQUITY
American Equity Investment Life Insurance Company® is a full-service underwriter of fixed annuity and life insurance products with a primary emphasis on the sale of index and fixed rate annuities. Headquartered in West Des Moines, Iowa, American Equity Investment Life Insurance Company is committed to providing products with integrity as well as superior service to the agents they partner with and their policyholders. For more information, please visit www.american-equity.com.
ABOUT ARMED FORCES BENEFIT ASSOCIATION
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 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 as a market leader providing high-quality, affordable life insurance 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 450,000 members with $36 billion of life insurance in force and has paid nearly $2 billion of claims paid since inception. AFBA products are underwritten by its affiliate, 5Star Life Insurance Company (a Baton Rouge, Louisiana domiciled company).
Contacts:
Heather Gierstorf
Vice President – Communications
American Equity Investment Life Insurance Company®
515-457-1788
[email protected]
Cynthia Light
Senior Vice President, Marketing
AFBA 5Star
703-835-6876
[email protected]
ALEXANDRIA, Va.–(BUSINESS WIRE)–Armed Forces Benefit Association (AFBA) is pleased to recognize the fact that The American College of Financial Services, the nation’s largest non-profit educational institution devoted to financial services, recently announced that General Peter Pace, a highly decorated, retired Marine Corps veteran and 16th Chairman of the Joint Chiefs of Staff, will receive the 2017 Soldier-Citizen Award. Read More >>
ALEXANDRIA, VA—The Armed Forces Benefit Association (AFBA) and its affiliate, 5Star Life Insurance Company, announced today it has been selected by the National Guard Association of California (NGAC) as the provider of its State Sponsored Life Insurance program effective May 1, 2017. read more »
ALEXANDRIA, VA—Armed Forces Benefit Association and its affiliate, 5Star Life Insurance Company, proudly announce that, effective 1 July, 2016, they have partnered with the National Guard Association of South Carolina in support of its State Sponsored Life Insurance program. read more »
ALEXANDRIA, VA—Armed Forces Benefit Association (AFBA) announces that Salvatore J. Cassano has been appointed to its Board of Directors effective June 1, 2016.
“On behalf of the directors, I am pleased to welcome Sal Cassano, Commissioner, FDNY (Ret.) to the Board. With 44 years in the New York City Fire Department (FDNY), at every uniformed rank level, he will add a valuable perspective to our organization as we continue to grow in the First Responder market,” said General Ralph E. “Ed” Eberhart, USAF (Ret.), Chairman and President of AFBA. read more »
ALEXANDRIA, VA—Armed Forces Benefit Association (AFBA) announces that Thomas (Tom) W. Walsh has been appointed to its Board of Directors.
“On behalf of the directors, I am pleased to welcome Tom Walsh to the Board. His considerable financial acumen, coupled with his tenure with AFBA as a Senior Advisor to the Board, makes him eminently qualified to serve in this position” says General Ralph E. “Ed” Eberhart, USAF (Ret.), Chairman and President of AFBA.
Walsh has more than 40 years of auditing and accounting experience, starting his career with PricewaterhouseCoopers, LLP in 1970. Prior to his retirement in 2007, he served as the audit engagement partner on numerous SEC registered and private financial services industry clients including insurance companies; commercial and retail bank holding companies; and, securities broker/dealers. Walsh is a Certified Public Accountant (CPA), Fellow, Life Management Institute (FLMI) and Certified Bank Auditor (CBA). read more »
ALEXANDRIA, VA—Armed Forces Benefit Association (AFBA) and its affiliate, 5Star Life Insurance Company (5Star Life) announce executive appointments at their headquarters.
5Star Life’s Business Development unit will merge with AFBA’s Marketing Department led by Cynthia Light, Senior Vice President, Marketing. Light joined AFBA and 5Star Life in 2011, most recently heading up the Business Development unit and has over 25 years of leadership experience in life insurance sales and marketing roles at Pacific Life and Shenandoah Life. Light holds the Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) designations.
Michael Moser, previously Senior Vice President, Compliance; General Counsel and Corporate Secretary of 5Star Life, will expand his role to include General Counsel for the entire AFBA / 5Star Life enterprise. Moser joined AFBA and 5Star Life in September 2013 with 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 the Fortune 100 company, Nationwide Mutual.
ALEXANDRIA, VA—Armed Forces Benefit Association (AFBA) and 5Star Life Insurance Company (5Star Life) announce the January 1, 2016 retirement of Jeffrey Sandefur, Senior Vice President of Marketing.
Sandefur joined AFBA in 1989 as Vice President of Marketing and was named Senior Vice President in November 2000.
Sandefur’s contributions to AFBA include the development of an impressive array of member benefits to accompany the Association’s suite of life insurance products. He also directed the development of the AFBA website and integration of social media.
read more »
ALEXANDRIA, VA—After more than five decades of service to the Armed Forces Benefit Association, Marshal L. Cole announced his retirement as General Counsel on October 29, 2015.
Cole is a graduate of Yale University and Georgetown Law Center. His education was then followed by a three-year ROTC commissioned tour in the USAF. Cole then joined the District of Columbia general and federal regulatory law practice of Wilner & Scheiner. In June 1990, when his senior partner, Mort Wilner, Esq., AFBA’s guiding legal advisor since its founding in 1947, retired, Cole was appointed AFBA’s General Counsel. read more »