Our History

Founded to Serve Our Great Nation

For 70 years, AFBA has stood by our country’s armed forces. AFBA provides access to life insurance, through our carrier 5Star Life Insurance Company, in both war and peace to those who serve this great nation including our military, emergency first responders, government employees, and their families.

AFBA was created as a nonprofit organization 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 death benefit if the member was killed in a war zone.

What makes AFBA unique is that the insurance coverage offered to its members continues to have no combat or terrorism exclusions. AFBA also offers other financial benefits and services to its members.

AFBA Stands by Its Members

Since 1947, AFBA has paid nearly $2 billion of survivor benefits to the families of our members.  

Proven Leadership

Our Board of Directors reflects the diversity of our markets and is comprised of retired senior flag and non-commissioned military officers from all branches and the National Guard as well as former First Responder and private industry business leaders.

Related Enterprises

5Star Financial, LLC, a financial services holding company owned by the AFBA Investment Trust, offers AFBA members and the general marketplace financial services including individual life insurance.

5Star Life Insurance Company is the principal underwriter of AFBA’s group life insurance programs and is also a growing provider of supplemental and other voluntary life insurance products.