AFBA and 5Star Life Insurance Company Hires New Senior Vice President of Compliance

Compliance SVP role critical as insurer tackles growth strategies

06 Nov, 2013, 16:18 ET from AFBA

ALEXANDRIA, Va., Nov. 6, 2013 /PRNewswire/ -- Armed Forces Benefit Association (AFBA) and 5Star Life Insurance Company (5Star Life) announce that Michael Moser is joining our team as Senior Vice President, Compliance; General Counsel and Corporate Secretary of 5Star Life Insurance Company, effective September 11, 2013.

"Mike's breadth of knowledge and prior experience will be invaluable as we implement new expansion strategies for AFBA and 5Star Life during a time when the world of compliance and regulation continues to grow more complex in nature," said Mark Singleton, President of 5Star Life.

Moser comes to AFBA and 5Star Life with more than 15 years of experience in the financial services industry.  His previous experience includes eight years as vice president and chief compliance officer for Western & Southern Financial Group (Western & Southern) and eight years at Nationwide Financial Services.  At Western & Southern, he led teams that provided compliance and legal counsel for life insurance, annuities, and investment company products representing over $60B of assets. Prior to entering financial services, he served as an attorney in the business and tax practice of a law firm where he focused on SEC, FINRA (NASD), ERISA, and Internal Revenue Code compliance for a wide range of clients.

Moser is a summa cum laude graduate of Ohio Wesleyan University. He holds a law degree with distinction from Ohio Northern University and a Master of Business Administration from the University of Chicago.

"I am excited about this opportunity to join AFBA and 5Star Life," said Moser. "I look forward to working with our distribution partners and staff to provide the advice and services that will help us all continue our organization's rich history of success while navigating through the complex regulatory environment."

About AFBA – Founded to Serve Our Great Nation
AFBA was established in 1947 with the support of the General of the Army, Dwight D. Eisenhower, to ease the strain on military members and their families during wartime. At that time, service members could not purchase life insurance that would pay a death benefit if the member was killed in a war zone.

For over 66 years, AFBA, the Armed Forces Benefit Association, has stood by our country's armed forces. AFBA provides life insurance in both war and peace to those who serve this great nation including military, first responders and government employees.

What makes AFBA unique is that, unlike so many insurance companies, AFBA's insurance coverage continues to have no war or terrorism exclusions. AFBA also offers other financial benefits and services to its members. Visit AFBA @ www.afba.com.

About 5Star Life Insurance Company
5Star Life Insurance Company (5Star Life) is the underwriter of AFBA member policies and is also a growing provider of supplemental and other voluntary life insurance products. Its flexible business model enables 5Star Life to serve the needs of a diverse clientele — as an insurance advisor to individuals and organizations, and as a trusted partner to brokers. Headquartered in Alexandria, VA, 5Star Life is currently licensed in 49 states, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands.

SOURCE AFBA



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