Our history

1947

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1947

Our parent company, AFBA was founded at a time when commercial companies would not pay life insurance benefits if a servicemember died in combat.

1996

5Star Life Insurance Company was established to provide AFBA members coverage tailored to the unique needs of service life. Since then, 5Star Life has grown and evolved into other segments including the employer group and worksite benefits markets.

2000

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2000

5Star Life takes over coverage for AFBA life insurance member benefits from prior carrier. Dedicated to a positive member experience.

2003

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2003

We enter the worksite voluntary benefits market offering life insurance coverage to individuals who make our communities thrive and their families.

2015

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2015

We added a Quality of Life rider to our life insurance product to help ensure stability for families in cases of permanent inability to perform activities of daily living, or permanent severe cognitive impairment.

2016

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2016

Our accident and healthcare indemnity products were introduced to supplement existing coverage and provide protection for all of life’s unexpected turns.

2017

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2017

We opened our Lincoln, Nebraska office that includes our Claims Ambassadors who help assist family members, beneficiaries, and our business partners navigate the claims process.

2018

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2018

We launched our group Family Protection Plan to provide valuable coverage that can complement any employer provided or privately held plan.

2022

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2022

Expanded our presence in Lincoln, Nebraska to handle full administration of worksite business.

2023

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2023

5Star Life Insurance Company is recognized in the Forbes list of World’s Best Insurance Companies.

2024

5Star Life Insurance Company has once again been recognized as one of the top insurance companies, securing a place on the 2024 Forbes World’s Best Insurance Companies List.

2025

5Star Life Insurance Company has been named one of the world’s best insurance companies for three years in a row.

Today

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Today

5Star Life offers a portfolio of employee benefit plans to fit every need and budget. Our plans are customizable which helps to ensure that our suite of solutions is as unique as the needs of the consumer.

Our products

Life Insurance

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Life Insurance

Provides coverage or supplements your existing coverage to help protect your family.

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Accident Insurance

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Accident Insurance

Provides cash benefits from day one for medical treatment received for covered accidents and injuries.

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Healthcare Indemnity

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Healthcare Indemnity

Pays cash benefits from day one when you are hospitalized or receive other covered medical treatment.

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Gap Insurance

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Gap Insurance

Helps reduce out-of-pocket medical expenses for covered events under the employee’s major medical insurance plan.

Learn More

      
 Good4.359 reviews
 4.3
 Good59 reviews
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      Posted on Google  
   
   Jim Rock 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Shaylyn was very helpful in identifying my account information, payments, how to change payment dates and coverage.
  
 
     Posted on Google  
   
   Russell Pinder 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. The information requested and provided was exactly what I needed. The representative who called me was courteous, very knowledgeable, explained and clarify the details.
  
 
     Posted on Google  
   
   Danny Bates 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Great customer care! Shaylan really helped me out! Thanks
  
 
     Posted on Google  
   
   Steve Adams 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I spoke to Bella today to get information on two policies I hold through AFBA. Her knowledge and willingness to help exceptional.

Steve A.
  
 
     Posted on Google  
   
   Deborah Johnson 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Great customer service, all my needs and concerns were met in a timely manner. Thanks Lety
  
 
     Posted on Google  
   
   Bill 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Lety was great at answering my questions. Gave me the options to choose from. Would recommend her to help anyone who needs it.
  
 
     Posted on Google  
   
   Rick Goetz 
 0 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Called 5 Star Insurance to get help with payment.  I was helped by Shaylyn.  She was very helpful, courteous and took care of my issue.
  
 
     Posted on Google  
   
   Leila Person 
 1 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Excellent customer service and very knowledgeable. Special thanks to rep Lety!!! Truly appreciate her service and customer support.
  
 
     Posted on Google  
   
   Joseph Reese 
 1 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Levy was fantastic
  
 
     Posted on Google  
   
   Ron G 
 1 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Called needing help. Short hold time and Shaylee very friendly and helpful.