The Armed Services Mutual Benefit Association (ASMBA) provides comprehensive, affordable military insurance coverage to personnel and their families. ASMBA was established in 1963 by military personnel headed for Vietnam who wanted to provide for their families' security, but found they couldn't obtain insurance coverage because they were going into a war zone.
They created ASMBA - a true non-profit fraternal military benefit association, which provides security and peace of mind for members of the Armed Services and their families. And since value of life is not determined by rank or branch of service, ASMBA's founders created military life insurance plans available to all ranks of all services, during all times of peace or war, with no rank, duty, or geographical restrictions. We believed then, and still do today, that the men and women who serve our country deserve affordable protection - and first class personal service.
ASMBA is run by its members through an elected Board of Governors and an appointed Board of Advisors, all of whom serve without pay. ASMBA has no stockholders or sales agents to pay, and can therefore offer high value protection at a very low cost.
In 2006, the ASMBA Board of Governors and Advisors decided that the time had come to serve the military community in ways other than insurance, and began the process of creating a non-profit foundation to assist the military community.
Towards that goal, they authorized the establishment of a foundation to be the charitable arm of ASMBA. In keeping with the intent of the founders of ASMBA, the ASMBA STAR Foundation is a voluntary association of persons dedicated to improving the quality of life for all military personnel, veterans, and their families.
At their annual meeting held in June 2015, the ASMBA Board of Governors, after a lengthy strategic business review, determined that effective 1 September 2015, ASMBA will discontinue enrolling members as well as stop future sales of all insurance plans. Their decision reflects their desire to strengthen the association and intensify their efforts in the charitable arena, continuing the original founders’ mission of serving our military.
This decision does not and will not impact existing ASMBA members and their policies, including those Basic Members under age 65 who have $5,000 AD&D coverage provided free to them with their membership. We will continue to provide them with the same prompt, personal and dependable service that has been the hallmark of ASMBA since 1963.
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