Membership in AFBA today is available to all members of the
Transcription
Membership in AFBA today is available to all members of the
Membership in AFBA today is available to all members of the Uniformed Military Services of the United States; Department of Defense, Homeland Security and other federal government employees and contractors; State and municipal emergency first responder employees such as police and firefighters; and families of the above groups. Our Mission To provide financial solutions that meet the needs of our members and their families at every stage of their lives. Administrative Office: 909 N. Washington St., Alexandria, VA 22314 (800)776-2322 www.afba.com 10/2011 Our History Financial Strength 5Star Life Insurance Company is a Louisiana-domiciled life insurance company located in Alexandria, VA that is currently licensed in 49 states, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. 5Star Life is a member of the consolidated group of 5Star Financial LLC that provides insurance, banking, and investment services to members of the Armed Forces Benefit Association, “AFBA”. 5Star Life offers group life insurance programs to affinity groups, worksite and employer insurance plans, final expense products and other individual term life insurance products. At December 31, 2010, the Company had 489 thousand policies and certificates, representing $38.3 billion insurance in force. The Company’s total statutory admitted assets and capital and surplus at December 31, 2010 were $202.9 million and $52.8 million respectively. The company is currently rated A- (Excellent)*, stable outlook by A.M. Best Company (reaffirmed 2/2011). AFBA and its Related Enterprises Armed Forces Benefit Association, known as AFBA, was established in February 1947 as a non-profit voluntary membership association with the support of the Secretary of War, Robert Patterson, and Chief of Staff, General of the Army Dwight D. Eisenhower “to promote the general welfare and economic interests of its members and their families by providing low cost group life insurance and related benefits and services principally to military families during peace and war.” AFBA is under the leadership of a Board of Directors of retired senior flag and non-commissioned officers and business leaders from private industry who continue to honor the mission set forth by its founders. AFBA Related Enterprises: 5Star Financial LLC - a financial services holding company provides financial services including individual life insurance and banking services to AFBA members and the general marketplace. 5Star Life Insurance Company - is the principle underwriter of AFBA’s group life insurance programs in addition to offering individual life insurance products to other customers. * A.M. Best, a leading independent analyst of the insurance industry since 1899, has assigned the rating of A(Excellent) to 5Star Life Insurance Company. The A- (Excellent) rating is the fourth highest of 16 ratings ranging from “A++” (Excellent) to “S” (Rating Suspended). 5Star Bank - a Colorado state bank, provides customers worldwide banking services, which include checking and money market accounts, traditional and Roth IRAs, CDs, credit cards, and mortgages.