The Armed Forces Benefit Association (AFBA) was established in 1947 with the support of the General of the Army, Dwight D. Eisenhower, to ease the strain on military members and their families during wartime. At that time, service members could not purchase life insurance that would pay a death benefit if the member was killed in a war zone.
From its first offices in the basement of the Pentagon, and for nearly 70 years, AFBA has stood by our country’s Armed Forces providing life insurance in both war and peace to those who serve this great nation. We have expanded over time to serve other markets in addition to the military, including first responders; Department of Defense contractors; and federal government employees. Today, we have more than 400,000 members with $38.2B of insurance in force and since 1947, have paid more than $1.7B in claims.
As a related enterprise of AFBA, 5Star Life Insurance Company (5Star Life) underwrites most life insurance offered by AFBA and, in addition, is a growing provider of supplemental and voluntary life insurance to the senior and worksite markets. Founded in 1996, today 5Star Life insures nearly 800,000 lives with $41.8B of insurance in force.