ALEXANDRIA, Va.--(BUSINESS WIRE)--Armed Forces Benefit Association (AFBA) announces that Thomas (Tom) W. Walsh has been appointed to its Board of Directors.
“On behalf of the directors, I am pleased to welcome Tom Walsh to the Board. His considerable financial acumen, coupled with his tenure with AFBA as a Senior Advisor to the Board, makes him eminently qualified to serve in this position,” says General Ralph E. “Ed” Eberhart, USAF (Ret.), Chairman and President of AFBA.
Walsh has more than 40 years of auditing and accounting experience, starting his career with PricewaterhouseCoopers, LLP in 1970. Prior to his retirement in 2007, he served as the audit engagement partner on numerous SEC registered and private financial services industry clients including insurance companies; commercial and retail bank holding companies; and, securities broker/dealers. Walsh is a Certified Public Accountant (CPA), Fellow, Life Management Institute (FLMI) and Certified Bank Auditor (CBA).
Prior to becoming a Director on the AFBA Board in January, Walsh served as a Senior Advisor to the Association’s Board from 2010-2015. In his new role as a Board member, he serves as the Chairman of the Audit Committee and a member of the Compensation and Personnel Committee.
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 428,000 members with over $33 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.