Armed Forces Benefit Association · Alexandria, VA United States
Company Description
Phone: 703-549-4455
Fax: 703-706-5961
Toll Free: 800-776-2322
View Armed Forces Benefit Association Locations On A US Map
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This link will open in a new window Taking risks that might scare off other commercial insurance companies, Armed Forces Benefit Association (AFBA) provides group life insurance products for military personnel, government employees, police officers and firefighters, and defense department contractors. The not-for-profit membership association was established in 1947 and has some 300,000 members; its policies contain no war or terrorism restrictions. It sells property/casualty policies through affiliate Armed Forces Insurance. AFBA's for-profit 5Star Financial division, founded in 1989, sells to the general public, offering individual life insurance, supplemental health insurance, and other financial services such as banking and mutual funds. To read the full description, subscribe now.
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Key Armed Forces Benefit Association Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| Employees | 210 |
Armed Forces Benefit Association Executives
4 executives listed for Armed Forces Benefit Association's Alexandria, VA location.
| Title | Name & Bio | Contact |
| President | Ralph Eberhart | Network |
| CFO | Addie Gordon-Monroe | Network |
| VP, Marketing | Jeff Sanderfur | Network |
Competition
Competitive Landscape for Armed Forces Benefit Association
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Armed Forces Benefit Association Competitors
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