AFBA takes pride in keeping low-cost, no exclusions life insurance available to those serving this great nation.
We believe that our members deserve a broad range of quality benefits that address their families’ financial needs. This newsletter includes information on some of our most popular benefits.
For our military members, we are pleased to offer affordable TRICARE supplements to reduce your cost share and co-payments. This year will bring changes to the TRICARE plan, and the article on the next page explains what you can expect.
For parents and grandparents, we offer our popular "Smart Start" low-priced children’s life insurance program. Smart Start is easy and affordable.
AFBA continues to offer traditional term life insurance programs with no war or terrorism exclusions. These programs remain competitive within the industry and are designed specifically to meet your unique circumstances. We suggest you review your life insurance needs and add coverage as necessary either online or by calling (800)-776-2322.
This year AFBA secured an alliance with GEICO to provide members with best-in-class auto, homeowner and renter insurance options. GEICO is offering exclusive discounts to AFBA members.
AFBA continues to extend its low-cost life insurance and family financial benefits to National Guard associations across the country.
A Growing Concern
One issue of growing concern to military families is the increasing number of suicides. There are about five more suicides per 100,000 people in the military than in the general population. The article on page four discusses this topic, as well as what the military is doing about it and what resources are available for those who need help. AFBA applauds the DoD and the Department of Veterans Affairs for their efforts to address this issue. At-risk groups include those with: head injuries; PTSD; mental disorders; substance abuse problems; and trying, life changing events.
We continue to be grateful for the attentive oversight and governance provided by a distinguished Board of Directors, whose bios are posted on our website. If you are a member, please cast your vote with the enclosed ballot card or go green and vote online at www.afba.com.
To Better Serve You
Are you pleased with our services? Pass the word—tell your friends about us and refer them to www.afba.com. If there is something you think AFBA can do better, please let us know by emailing firstname.lastname@example.org or use the member feedback section on our website.
General Ralph E. "Ed" Eberhart, USAF (Ret.)
President & Chairman
Save Money with an AFBA TRICARE Supplement Plan
Many AFBA members currently using TRICARE Prime may be impacted by changes the DoD is proposing for October 1, 2013. The federal government enacted a move to eliminate access to TRICARE Prime for hundreds of thousands of military retirees and their families. Retirees that live outside of a 40 mile radius (or catchment area) from a Military Treatment Facility (MTF) will transition from TRICARE Prime to TRICARE Standard. What does this mean for you? You may need to supplement your health plan to ensure adequate coverage of health care costs. An AFBA TRICARE Supplement Plan gives you the opportunity to save regardless of TRICARE changes. We offer supplement programs for:
- TRICARE Standard
Our programs are designed to meet your family’s needs regardless of rank or branch of service. Protect your family and your family’s budget — contact us today and save at (855) 311-1478
Plan administered by Association & Society Insurance Corporation. Underwritten by Monumental Life Insurance Company (Cedar Rapids, IA); in New York, by Transamerica Financial Life Insurance Company (Harrison, NY).
Back to top.
Provide Your Child or Grandchild with Life Insurance Coverage Up to $15,000 with a Low One-time Payment
Smart Start is your opportunity to provide life insurance protection for a child and guarantee his or her future insurability, regardless of what happens in life. Smart Start is easy and affordable.
If your child or grandchild is between the ages of 14 days and 18 years, you can get coverage that will continue up to age 25. No medical exam is required to apply for Smart Start. Smart Start term insurance is available in two coverage amounts with a low one-time payment:
- $10,000 of coverage for $150
- $15,000 of coverage for $225
At age 25, the insured can convert to a whole life insurance policy with a one-time guaranteed purchase option up to five times the original face value ($50,000 for the $10,000 term policy or $75,000 for the $15,000 term policy) with no physical exam. What a great way to guarantee life insurance coverage regardless of future health considerations. To learn more and apply today, call us at (800) 776-2322.
Back to top.
Home Loan News
5Star Bank is helping AFBA members with home loans. "The historically low interest rates for home loans continue," observes Mike League, President and CEO of 5Star Bank. "In 2011 and 2012, we helped veterans and their families secure low rates on VA and conventional loans*. I’d encourage our members to find out what 5Star Bank Home Loans can do to help their situation."
Our home loans are available to AFBA members in all 50 states. AFBA members receive a $100 Visa gift card after closing their loan with 5Star Bank.
Call (877) 268-1240 to speak with a 5Star Bank Mortgage Consultant or visit www.5StarBankHomeLoans.com to learn more.
*Certain eligibility requirements for Veterans Administration loans must be met by applicant(s). All loans are subject to credit approval.
Back to top.
Exclusive GEICO Discounts for AFBA Members
AFBA members can save even more on insurance from GEICO! With GEICO you’ll enjoy:
- Savings for multi-car policies, good student, safety features, and more.
- 24/7 support, online or by phone, for claims bill paying, policy changes, and more.
- Great policy rates for renters, motorcycles, and much more.
- Storage protection plans with reduced premiums.
- 75 years of service to the military.
Get a free quote: www.geico.com/mil/afba or call (800) 368-2734.
Some discounts, coverages, payment plans and features are not available in all states or all GEICO companies. Discount amount varies in some states. One group discount applicable per policy. Coverage is individual. In New York a premium reduction may be available. Motorcycle coverage is underwritten by GEICO Indemnity Company. Motorcycle insurance is not available in all states. Renters coverage is written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. GEICO is a registered service mark of Government Employees Insurance Company, Washington, D.C. 20076; a Berkshire Hathaway Inc. subsidiary. GEICO Gecko image © 1999-2013. © 2013 GEICO
Back to top.
Suicide Remains a Big Issue in the Military Community
Suicide is undoubtedly one of the biggest issues facing the military community. Whether it is servicemembers who have separated from service, veterans of Iraq and Afghanistan or active duty troops, the rate of servicemembers taking their own lives is on the rise. Both the Department of Veterans Affairs and the Pentagon plan on taking steps to address the problem in the coming years, and there are many resources available to servicemembers grappling with depression, post-traumatic stress disorder (PTSD) and other conditions that may increase the risk of suicide.
Issue on the rise
There’s no question 2012 was a bad year for suicide in the military. Pentagon statistics show 349 servicemembers took their own lives last year, which was up considerably from the 301 in 2011 and the more than 295 Americans killed in combat. In response to the startling statistics, Senator Patty Murray, the former chairman of the Committee on Veterans’ Affairs, said that her colleagues in Congress should do more to address the issue. "This is an epidemic that cannot be ignored," she said earlier this year, according to The Associated Press. "As our newest generation of servicemembers and veterans face unprecedented challenges, today’s news shows we must be doing more to ensure they are not slipping through the cracks."
Pentagon recognizes the issue
Given the rise in the number of servicemembers committing suicide, it’s no surprise that the Pentagon has made prevention a priority. Still, experts say addressing suicide in the military is not an easy task. Kim Ruocco, who heads a Tragedy Assistance Program for Survivors (TAPS), says that it’s nearly impossible to be with an at-risk individual every hour of the day to make sure they don’t take their own life. Instead, she says the goal is to recognize risk factors, whether they be PTSD, substance abuse, or trouble transitioning, and make servicemembers aware that there are resources available to them. “Now that we’re decreasing our troops and they’re coming back home, that’s when they’re really in the danger zone," Ruocco, whose husband killed himself in 2005 after serving in Iraq, told the AP.
Glimmers of progress
Some outposts in the military have shown success in preventing suicides, including Fort Bliss. The New Mexico/Texas installation had the lowest suicide rate in the military during 2012 and actually saw a decrease from 2011 to 2012. Officials at Fort Bliss say there is no magic solution to curbing suicide rates, but rather a well-rounded approach to risk education and resilience may be the best method. The base has also made a concerted effort to reduce behaviors such as drug abuse as well as motor vehicle accidents and other deaths that can be prevented. “Our approach creates layer upon layer upon layer of safety nets," explained Army Lt. Col. Leonard Gruppo.
Veterans and active duty servicemembers should know that they have resources available to them if they are considering suicide. Specifically, the Department of Veterans Affairs (VA) operates a 24-hour counseling service not only to servicemembers, but also to their family members. Known as the Veterans Crisis Line, servicemembers can either dial (800) 273-8255 and press 1, visit VeteransCrisisLine.net or text 838255. Since it was launched in 2007, the line has fielded more than 650,000 calls. There are a number of other places servicemembers can turn as well, including the National Suicide Prevention Hotline, which can be reached at (800) 273-TALK (8255).
Back to top.
AFBA is Proud to Serve The National Guard
AFBA has agreements with 37 state, territorial, and the District of Columbia National Guard Associations to offer State Sponsored Life Insurance (SSLI) coverage. As the National Guard becomes an increasingly critical part of the country’s fighting forces, access to this additional protection for Guard members is more important than ever.
We are proud that over 136,000 Guard members and their families rely on AFBA to provide more than $10.3 billion of this protection. They and their state associations know that AFBA provides a low-cost, high-value product, delivered with the care and service our nation’s military deserves. We have paid over $45 million in claims to Guard families since 2004.
AFBA’s opportunities to serve National Guard members and their families are growing, with West Virginia and Mississippi (where SSLI began) joining the AFBA family on April 1, 2013. We look forward to participating in the SSLI programs in these states and stand ready to support our new members. The map above illustrates where AFBA serves the National Guard.
Back to top.
Why Long-Term Care Insurance?
Our alliance with John Hancock offers AFBA members coverage that:
- Helps protect your assets, by covering long-term care costs in a variety of settings, including your own home.
- Gives you access to provider discounts to help your coverage last as long as possible.
- Provides professional guidance when you need it most.
- Offers Caregiver Support Services that provide caregiving and planning assistance should you ever be called on to care for a loved one.
To learn more, contact Pat Murphy, CLU at (703) 450-7344 or call us at (800) 776-2322.
2013 Financial Planning & Benefits Guide
AFBA’s complimentary 2013 Financial Planning Guide (FPG) is a 100-page booklet available to all AFBA members and their families upon request. This valuable resource includes information on:
- Basic principles of financial planning
- Military pay, allowances and retirement benefits
- Social Security and survivor benefits
- Veterans benefits
- Federal civilian employee benefits
Request a copy of the 2013 FPG by calling (800) 776-2322. You can also download the guide (in PDF form) from our website by clicking here.
Maintaining Your Health
In 2012, Life Line Screening found 2 critical health issues in AFBA members, 8 possibly significant issues, and 336 moderate issues, out of 622 who took the carotid test. These screenings enabled members to maintain their health. Life Line Screening offers noninvasive, ultrasound screenings to identify the risk of stroke, vascular disease and osteoporosis. This program also screens for blocked carotid arteries, abdominal aortic aneurysms, atrial fibrillation and peripheral arterial disease.
Booking an appointment with Life Line Screening is easy. Simply go to www.LifeLineScreening.com/afba or call (888) 653-6190. The special AFBA member rate for the screening is only $139.
Back to top.
Annual Members Meeting
You are invited to attend AFBA’s Annual Members Meeting. Join us for light refreshments, a short presentation and Q & A on the state of AFBA. The meeting will be held on Wednesday, the 15th of May, at 10 AM in the AFBA Building, 909 N. Washington St., Alexandria, VA 22314.
To attend, call the RSVP hotline at (800) 776-2322 ext. 2009 or email email@example.com.
Online Enrollment for Life Insurance
With today’s hectic schedules, we all know how difficult it is to find time to get everything done. Our busy schedules are filled with commitments, and our own personal errands and projects seem to fall by the wayside.
AFBA’s secure, private, online enrollment tool may be just what you are looking for to help manage your life insurance needs quickly and easily. You can now find out if you have the right insurance to meet your financial needs as well as complete a life insurance enrollment form and submit it for underwriting from the privacy of your home whenever you want. Simply click the orange "Get a Quote" button or click here, and the system will guide you to the best product options available based on your unique responses.
Note: Life Insurance products underwritten by 5Star Life Insurance Company. Not all Products are available online or in all states.
Log on to our website to see what is new at AFBA and our Related Enterprises. For up-to-date life insurance account information, have your AFBA number or SSN ready.
If you want to speak with an experienced customer service representative or be contacted by one of our field service representatives, call (800) 776-2322. They are ready to take your call!
Monday through Friday
8:00 AM to 8:00 PM Eastern Time
Reduced staffing after 5:30 PM Eastern Time
Back to top.