First Responders Benefits AFBA Program Overview

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First Responders Benefits AFBA Program Overview

• FEBRUARY 2004

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Disclaimer

• This presentation is an overview of a benefit
  offered by AFBA The 5STAR ASSOCIATION and
  underwritten by 5Star Life Insurance Company.

• Although rates and coverage items are discussed
  in this presentation it is for internal review
  only and is in no way a solicitation of
  insurance. Any questions regarding rates,
  coverage, or eligibility should be directed to
  5Star Life Insurance representatives.

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About AFBA

• Armed Forces Benefit Association (AFBA) was
  established in February 1947, under the direction
  of General Dwight D. Eisenhower.

• Since the founding of AFBA, its purpose has been
  to provide low cost insurance and financial
  services for men and women in the U. S. military
  during peace and war.
• (most commercial insurance companies would not
  cover wartime risks in 1947)

• Since then, AFBA has expanded the eligibility.

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About AFBA

• Since 1947, AFBA has paid in excess of 970
  million in death claims to the beneficiaries of
  its members including 40 million paid during the
  Korean, Vietnam and Persian Gulf conflicts.

• Today AFBA insures over 520,000 lives with 35
  billion of insurance in force.

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About AFBA

• AFBA is under the leadership of a Board of
  Directors of senior active duty military
  personnel who serve without compensation.
• The 5STAR GROUP LEVEL TERM LIFE INSURANCE program
  is underwritten by 5Star Life Insurance Company,
  rated A- by A.M. Best for financial strength
  and operating performance.

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Opportunity

• AFBA is committed to providing benefits to those
  personnel who proudly defend our nation. For
  that reason, AFBA expanded its eligibility to
  include Emergency Services Personnel and First
  Responders throughout the country.

• AFBA wants to partner with your organization to
  deliver those benefits to your members and their
  dependents.

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The Initial Offering

• 5STAR GROUP LEVEL TERM LIFE INSURANCE
• Important Features
• No War or Terrorism Exclusions
• Coverage ON and OFF Duty
• Payment of Emergency Death Benefit within 24
  hours.
• Low Cost to Members
• Portable Coverage
• A One-Year 500 No-Cost Benefit
• Available for those active members under Age 60
  who attend a meeting to learn about AFBAs 5Star
  Group Level Term Insurance.
• Member must complete a special enrollment form.

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No-Cost Option

• All first responder personnel under age 59 are
  eligible for no-cost coverage of 500.

• This amount is paid within 24 hours of
  notification of death (emergency death benefit)
  without a death certificate to the named
  beneficiary.

• There is no cost to the sponsoring
  organization/association, departments, or
  individual for this program.

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Eligibility for Group Level Term

• The members of this group must be age 1-59 and a
  United States citizen.

• The 5STAR GROUP LEVEL TERM program for first
  responder personnel is available in coverage
  amounts of 50,000 and 100,000.

• Your spouse, through age 59, may also apply for
  coverage up to 100,000.

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Eligibility for Group Level Term

• Coverage continues to age 70 and cannot be
  canceled as long as all premiums are paid.
  Insurance premiums are based on gender, age and
  tobacco status.

• Premiums will increase at each age divisible by 5
  after age 30 for males and age 35 for females the
  month following entry into a new age group.

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Monthly Premiums
Tobacco user is one who has used any tobacco
products in the past 12 months.
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Monthly Premiums
Tobacco user is one who has used any tobacco
products in the past 12 months.
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Childrens Rider

• Dependent children under age 21 (23 if a
  full-time student) are eligible.

• All eligible children are covered under one rate.

• Statement of Health questions must be answered
  for all children.

• Ages 15 days to 6 months 1.00 per 1,000 unit
  for a maximum of 5 units (5,000).
• Ages 6 months to 21 years (23 if full time
  student) 1.00 per 5,000 unit for a maximum of
  5 units (25,000).

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Medical Requirements

• Applicants under age 50 are asked to complete a
  statement of health on the enrollment form and
  those over the age of 50 are required to undergo
  a medical evaluation by a 5Star Life authorized
  paramedic or medical doctor.

• In most cases, this will be accomplished in the
  privacy of your own home or office. A
  paramedical service will contact you for an
  appointment for the necessary tests and/or exams.

• Physical exams, when required, will be arranged
  and paid by AFBA.

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Enrollment

• AFBA Representatives will schedule briefings with
  departments.

• Individuals must specify a beneficiary for the
  No-Cost Benefit.

• Individuals can elect to purchase additional
  coverage for themselves, their spouse, and their
  dependent children.

• This is a 15 minute presentation that can be
  accomplished during regular department meetings.

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Additional Information

• This presentation is intended to outline the
  principal features of this group term life
  insurance program.
• Detailed information about the 5STAR GROUP LEVEL
  TERM LIFE INSURANCE and the the No-Cost Benefit
  for First Responder Personnel is available
  through the person presenting this overview or by
  contacting
• First Responders Benefits
• 1-888-RES-Q-YOU
• (1-888-737-1968)
• P. O. Box 500
• Verona, VA 24482-0500
• www.firstrespondersbenefits.com