A message from our President

New look, same mission
Welcome to the new 5Star Life Insurance Company website! Our overarching goal was to improve your experience, and as you peruse through the site, you will notice many changes: new content, intuitive navigation, and an enhanced support section.

Throughout this project, one thing has not changed: our mission. 5Star Life is proud of our unique dual purpose. First, we promote the Armed Forces Benefit Association’s (AFBA) mission by underwriting its members’ benefits protecting those who serve, defend, and protect our country – military, National Guard, first responders, government employees and contractors. In parallel to that noble purpose, we serve strategically aligned markets – delivering benefits for those who keep our communities running and thriving.

Founded in 1996 to provide coverage tailored to the unique needs of service life, I encourage you to review the timeline below showing our growth and evolution in the employer group and worksite benefits markets. Today, 5Star Life enjoys financial strength and stability ensuring we will be here when our customers need us.

General Larry Spencer, USAF (Ret.)
Chair and President, 5Star Life Insurance Company

Our history

1947
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1947

Our parent company, AFBA was founded at a time when commercial companies would not pay life insurance benefits if a servicemember died in combat. 

1996
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1996

5Star Life Insurance Company was established to provide AFBA members coverage tailored to the unique needs of service life. Since then, 5Star Life has grown and evolved into other segments including the employer group and worksite benefits markets. 

2000
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2000

5Star Life takes over coverage for AFBA life insurance member benefits from prior carrier. Dedicated to a positive member experience.

2003
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2003

We enter the worksite voluntary benefits market offering life insurance coverage to individuals who make our communities thrive and their families.

2015
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2015

We added a Quality of Life rider to our life insurance product to help ensure stability for families in cases of permanent inability to perform activities of daily living, or permanent severe cognitive impairment.

2016
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2016

Our accident and healthcare indemnity products were introduced to supplement existing coverage and provide protection for all of life’s unexpected turns.

2017
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2017

We opened our Lincoln, Nebraska office that includes our Claims Ambassadors who help assist family members, beneficiaries, and our business partners navigate the claims process. 

2018
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2018

We launched our group Family Protection Plan to provide valuable coverage that can complement any employer provided or privately held plan.

2022
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2022

Expanded our presence in Lincoln, Nebraska to handle full administration of worksite business.

Today
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Today

5Star Life offers a portfolio of employee benefit plans to fit every need and budget. Our plans are customizable which helps to ensure that our suite of solutions is as unique as the needs of the consumer.

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      Our products

      Life Insurance

      Life Insurance

      Provides coverage or supplements your existing coverage to help protect your family.

      Accident Insurance

      Accident Insurance

      Provides cash benefits from day one for medical treatment received for covered accidents and injuries.

      Healthcare Indemnity

      Healthcare Indemnity

      Pays cash benefits from day one when you are hospitalized or receive other covered medical treatment.

      Critical Illness

      Critical Illness

      Provides financial protection in the event of a critical illness such as cardiovascular, cancer, and other covered conditions.