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 during wartime. At that time, service members could not purchase life insurance that would pay a death benefit if the member was killed in a war zone. For over sixty-five years, AFBA, the Armed Forces Benefit Association, has stood by our country’s armed forces. AFBA provides life insurance in both war and peace to those who serve this great nation including military, first responders and government employees. What makes AFBA unique is that, unlike so many other insurance companies, AFBA’s insurance coverage continues to have no war or terrorism exclusions. AFBA also offers other financial benefits and services to its members.
AFBA has paid life insurance claims to the families of members who lost their lives in the Korean, Vietnam and Persian Gulf conflicts, the attack on the Pentagon and the wars in Iraq and Afghanistan. AFBA continues to keep its rolls open during the "War on Terrorism." The Association has over 345,000 members insured with $37 billion of insurance in force. Life insurance claims paid exceed $1.2 billion.
AFBA is under the leadership of a President-Chairman and a Board of Directors of retired senior flag and non-commissioned officers and business leaders from private industry who continue to honor the mission of its founders.
AFBA maintains active appointments with the following insurance companies: 5 Star Life Insurance Company, American General Life Co., Assurity Life Insurance Company, Banner Life Insurance Company, Genworth Life Insurance Company, John Hancock Life Insurance Company (U.S.A.), Lincoln National Life Insurance Company, Monumental Life Insurance Company.