AFBA / 5Star Life Chosen as Life Insurance Provider by the National Guard Association of California

Selection solidifies position for the #1 provider in the National
Guard market

ALEXANDRIA, Va.–(BUSINESS WIRE)–The Armed Forces Benefit Association (AFBA) and its affiliate, 5Star
Life Insurance Company, announced today it has been selected by the
National Guard Association of California (NGAC) as the provider of its
State Sponsored Life Insurance program effective May 1, 2017.

General Ralph E. “Ed” Eberhart, USAF (Ret.). AFBA Chairman and President
stated, “This affiliation with NGAC underscores our unwavering
commitment to serve the men and women serving this great nation. It is a
great honor and responsibility we do not take lightly. AFBA and 5Star
Life are governed by boards of directors comprised of retired senior
officers and non-commissioned officers, including those from the
National Guard, so we understand the needs of the military member and
family.”

Mark Singleton, President, 5Star Life, concurred, adding, “We are
extremely pleased to be selected by the National Guard Association of
California. As the leading provider of life insurance benefits in the
National Guard market in 38 states and territories, we are glad to be
able to offer NGAC members our outstanding combination of benefits,
rates, briefing capability, and service expertise.”

In the National Guard market, AFBA and 5Star Life currently have more
than 140,000 active insureds representing $14B of life insurance in
force in 38 states and territories. Products designed with our target
market in mind, they feature no exclusions for combat, terrorism,
occupation or geography; emergency death benefit within 24 hours of
notification; and a scholarship up to $40,000 for the families of those
killed in combat. These unique features, along with our philosophy to
always do right by the member, set AFBA / 5Star Life apart in the market.

NGAC President John N. Haramalis stated, “Both AFBA and NGAC share a
common legacy and mission of promoting the welfare of their members, and
they recognize that the soldiers and airmen of the National Guard
deserve the best life insurance program available. Their product is the
strongest and most beneficial to Guard members and their families. We
look forward to this partnership and continued growth.”

About AFBA

The Armed Forces Benefit Association (AFBA) was established in 1947 in
the basement of the Pentagon with the support of the General of the
Army, Dwight D. Eisenhower to ease the strain on military members and
their families who, at the time, could not purchase life insurance that
would pay a death benefit if the member was killed in combat. Today,
headquartered in Alexandria, VA., AFBA continues to honor its mission,
in war and peace, promoting the welfare of its members as a market
leader providing high-quality, affordable life insurance and other
benefits to those who serve this great nation, including members of the
uniformed services, first responders, government employees, and their
families. AFBA has more than 450,000 members with $36 billion of life
insurance in force and has paid nearly $2 billion of claims paid since
inception.

About 5Star Life Insurance Company

5Star Life Insurance Company (5Star Life) is the underwriter of AFBA
member policies. In addition, it is also a thriving provider in the
worksite voluntary and group benefits markets with a robust portfolio of
insurance products and benefits solutions. Headquartered in Alexandria,
VA, 5Star Life is a Louisiana-domiciled company licensed in 49 states,
the District of Columbia, Puerto Rico, the Virgin Islands, Guam,
American Samoa, and the Northern Mariana Islands. It is rated A-
Excellent by A.M. Best (4th highest out of 13 rating
categories).

Contacts

Armed Forces Benefit Association (AFBA)
Cynthia Light, 703-224-5004
clight@afba.com