ALEXANDRIA, Va.--(BUSINESS WIRE)--Armed Forces Benefit Association (AFBA) and its affiliate, 5Star Life Insurance Company (5Star Life) announce executive appointments at their headquarters.
5Star Life’s Business Development unit will merge with AFBA’s Marketing Department led by Cynthia Light, Senior Vice President, Marketing. Light joined AFBA and 5Star Life in 2011, most recently heading up the Business Development unit and has over 25 years of leadership experience in life insurance sales and marketing roles at Pacific Life and Shenandoah Life. Light holds the Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) designations.
Michael Moser, previously Senior Vice President, Compliance; General Counsel and Corporate Secretary of 5Star Life, will expand his role to include General Counsel for the entire AFBA / 5Star Life enterprise. Moser joined AFBA and 5Star Life in September 2013 with more than 15 years of experience in the financial services industry. Previously, he served eight years as Vice President & Chief Compliance Officer for the Fortune 500 company, Western & Southern Financial Group, and eight years in ascending legal and compliance roles at the Fortune 100 company, Nationwide Mutual.
“These are strategic changes that will promote greater synergy between AFBA and 5Star Life,” said General Ralph E. Eberhart, USAF (Ret.), Chairman and President, AFBA. “Both Cynthia and Mike have many years of valuable experience and their expanded roles will enrich their already significant contribution to serving members and policy holders as well as our distribution partners.” Mark Singleton, President and CEO of 5Star Life stated, “Following the recent retirement of Jeff Sandefur as AFBA’s Senior Vice President of Marketing and the retirement, and subsequent death, last fall of Marshal Cole, AFBA’s long-time General Counsel, the consolidation of these roles allows us to leverage efficiencies across the enterprise and enhance our brand and reach across all market segments.”
About AFBA – Founded to Serve Our Great Nation
Headquartered in Alexandria, Va., 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. At that time, military members could not purchase life insurance that would pay a death benefit if the member was killed in combat. AFBA continues to honor the mission set forth by its founders—to promote the welfare of its members and their families by providing high quality, low cost life insurance products and other financial benefits and services in peace and in war.
From its first offices in the basement of the Pentagon and for almost 70 years, AFBA has stood by our country’s armed forces. Today, AFBA is a market leader in offering low cost life insurance to those who serve this great nation to include members of the uniformed services, first responders, government employees and their families. AFBA currently has over 435,000 members with over $42 billion of life insurance in force and in excess of $1.8 billion of claims paid since inception. These life insurance programs are underwritten by 5Star Life Insurance Company, a related enterprise of AFBA.
About 5Star Life Insurance Company
5Star Life Insurance Company (5Star Life) is the underwriter of AFBA member policies and is also a growing provider of supplemental and other voluntary life insurance products. Its flexible business model enables 5Star Life to serve the needs of a diverse clientele — as an insurance advisor to individuals and organizations, and as a trusted partner to brokers. Headquartered in Alexandria, VA, 5Star Life is currently licensed in 49 states, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands.