Company Overview

The 5Star Life Insurance Company (5Star Life) has a proud and unique heritage as related enterprise of the Armed Forces Benefit Association (AFBA). Established in 1947 with the support of General of the Army Dwight D. Eisenhower “to promote the general welfare and economic interests of its members and their families by providing superior benefits and services principally to military families during peace and war.” At that time, servicemembers could not purchase life insurance that would pay a benefit in the case of death in a war zone.

Founded in 1996, 5Star Life is AFBA’s principal underwriter for member insurance products. This has allowed AFBA to continue to stand by our country’s armed forces providing life insurance in both war and peace for over 70 years. Through the years, 5Star Life has grown and evolved with market opportunities successfully expanding into other segments including the employer group and worksite benefits markets. This history and deep sense of service provides us with a unique perspective and dedication to all our partners.

You can be assured of our financial stability and know we will be here to keep our promise and pay claims when the time comes. Our corporate strategy focuses on ensuring measured, profitable growth that enables us to be sustainable over the long term. 5Star Life is rated A- Excellent by A.M. Best* and among life insurance companies our size and scope, we are one of the highest rated. According to 2017 Independent Comparative Report, 5Star Life exceeds life insurance industry averages in liquidity ratio, net premiums to capital, capital and surplus to liabilities, percent of investment portfolio rated investment grade.**

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*The company is currently rated A- (Excellent), negative outlook, by A.M. Best Company (reconfirmed July 20, 2017). A.M. Best, a leading independent analyst of the insurance industry since 1899, has assigned the rating of A- (Excellent) to 5Star Life Insurance Company. The A- (Excellent) rating is the fourth highest of 16 ratings ranging from“A++” (Excellent) to “S” (Rating Suspended).

** As of December 2016.


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