Strategic consolidation to enhance State Sponsored Life Insurance (SSLI) Provided to National Guard Soldiers and Airmen through Guard State Associations
ALEXANDRIA, VA— Armed Forces Benefit Association (AFBA) and 5Star Life Insurance Company (5Star Life), an AFBA related enterprise, announce consolidation with The Shuey Agency (TSA), effective September 1, 2015. AFBA is the leading provider in the National Guard market with over 140k active certificates representing over $12B of life insurance in force in 36 states and territories.
TSA has been the third party administrator for the largest segment of AFBA’s National Guard business since 2002. The combined entity will create a new business structure that will provide high value life insurance protection with no military specialty or combat or war exclusions to its National Guard members and their families. read more »