ALEXANDRIA, Va.--(BUSINESS WIRE)--Armed Forces Benefit Association and its affiliate, 5Star Life Insurance Company, proudly announce that, effective 1 July, 2016, they have partnered with the National Guard Association of South Carolina in support of its State Sponsored Life Insurance program.
AFBA is the leading provider of life insurance benefits in the National Guard market with more than 111,000 active insureds representing over $12B of life insurance in force in 37 states and territories. Both AFBA and NGASC share a common legacy and mission of promoting the welfare of their members and recognize that the soldiers and airmen of the National Guard deserve the best life insurance program available.
General Ralph E. “Ed” Eberhart, USAF (Ret.). AFBA Chairman and President, stated, “This affiliation with NGASC underscores AFBA’s commitment to serve the men and women of the military who serve this great nation.” Mark Singleton, President, 5Star Life, concurs, adding, “Serving the citizen soldiers of the National Guard and their families is an integral part of our mission.”
“We are glad to have earned the confidence and trust of NGASC and look forward to providing the highest value products, outstanding services, and a superior customer experience in accordance with the principles and values of our Association,” said Kimo Wong, Senior Vice President, Regional Operations, AFBA. Tad Shuey, Vice President, Military Markets, AFBA, will be working closely with NGASC to facilitate a smooth transition.
NGASC Executive Director, Lawrence Crowson stated, “AFBA has demonstrated a strong commitment to doing what is 'right' for those who serve this great nation. Their product is the strongest and most beneficial to the Guard members and their families. We look forward to this partnership and continued growth.”
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 carrier 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.