Does 5 Star Life Insurance Company Offer Five-Star Policies?

The 5 Star Life Insurance Company ratings might not be five stars, however, they are highly rated by A.M. Best, the Better Business Bureau, and they boast a low NAIC Complaint Index. You should be able to find affordable 5Star life insurance rates since the company only offers policies to first responders.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Nov 27, 2021

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Quick Facts

  • Since they only offer policies to first responders, you should be able to find affordable Does 5 Star Life Insurance Company policies
  • The 5 Star Life Insurance Company Ratings are good for financial strength and complaint resolution
  • 5 Star life insurance policies are limited to individual and group term life insurance

Whether you’re looking to get term or permanent life insurance, everyone hopes to get the best rates. Smaller brands like 5 Star Life Insurance Company can sometimes provide great policies with affordable rates.

It’s hard to know whether or not you can trust a smaller insurance company. That’s why we’ll break down 5 Star Life Insurance Company’s rates, ratings, and reviews throughout this article.

Keep scrolling to learn more about 5 Star Life Insurance Company or use our free quote tool above to get instant quotes from top life insurance providers near you.

Does 5 Star Life Insurance Company have good life insurance?

5 Star Life is a smaller life insurance company but for good reason. Created in the 1940s to support military families, the 5 Star Life Insurance Company calls Alexandria, Virginia its home base.

5 Star originated with Armed Forces Benefit Association (AFBA) and have since expanded to provide aid to other first responders. This expansion includes working with other employers.

In short, 5 Star life insurance policies are only available to first responders, somewhat similar to USAA. If you’re a first responder looking for a strong life insurance provider, 5 Star might be a good choice.

How much does 5 Star life insurance cost?

There are a limited number of 5 Star Life Insurance Company policies. For the most part, 5 Star sells individual or group term life insurance. Term life insurance quotes tend to be the most affordable on a monthly basis.

While we don’t have sample 5 Star life insurance quotes, you’ll want to compare any quotes you receive to other companies’ rates.

Average Monthly Life Insurance Rates by Age
AgeAverage Monthly Rates for a Male, $100,000 PolicyAverage Monthly Rates for a Female, $100,000 PolicyAverage Monthly Rates for a Male, $250,000 PolicyAverage Monthly Rates for a Female, $250,000 PolicyAverage Monthly Rates for a Male, $500,000 PolicyAverage Monthly Rates for a Female, $500,000 Policy
25$11.03$10.02$22.10$12.91$23.19$19.04
30$11.12$10.07$15.31$13.02$23.85$19.26
35$11.12$10.07$15.42$13.02$24.07$19.26
40$12.65$11.12$17.94$15.21$29.10$23.63
45$14.57$13.31$21.55$19.69$36.32$32.60
50$18.60$17.20$30.19$27.02$53.60$47.26
55$24.51$20.61$42.88$34.35$78.98$61.91
60$35.88$27.48$71.10$50.86$78.98$94.94
65$51.06$37.76$109.82$75.14$212.85$143.51
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If you get quotes directly from 5 Star and they are drastically higher than the sample rates above, you’re most likely going to be over-charged for life insurance. We always recommend comparing rates to find the best deals.

It’s also worth noting that veterans tend to pay less for life insurance thanks to some strong supporting organizations.

This includes competitors like USAA. You can compare details using our USAA life insurance review.

Average Monthly Rates of $150,00 Non-Smoker Life Insurance for Veterans
Life Insurance CompaniesAverage Monthly Rates for 35-Year-Old VeteransAverage Monthly Rates for 55-Year-Old Veterans
Prudential Veterans' Group Life Insurance$20$101
Army & Air Force Mutual Aid Association$9$87
United Services Automobile Association (USAA)N/AN/A
Uniformed Services Benefit Association (USBA)$18 to $24$39 to $51
Military Benefit Association (MBA)$9$47
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While an active first responder of any type will likely pay more for life insurance, a retired veteran won’t be expected to pay as much for life insurance.

Assuming you’re eligible for a 5 Star policy, how much you pay will be dependent on whether you’re active or retired, how old you are, if you’re receiving a group rate or not. Rates with 5 Star Life Insurance/AFBA will most likely be cheaper than what normal civilians would pay.

Are the 5 Star life insurance ratings good?

Despite a good price, you’ll want to ensure you’re choosing a reliable life insurance company before you commit to years of monthly payments. Operating for over 70 years is a good sign, but it’s wise to double-check competitors.

5Star Life Insurance Company Ratings
Ratings Agency5Star Rating
A.M. BestA-
FitchBBB
Better Business BureauA
NAIC Complaint Index0.69
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Overall, 5 Star Life Insurance Company’s ratings suggest they are in good financial standing and that they offer good customer service. The A.M. Best rating indicates they are financially stable.

While 5 Star’s Fitch rating isn’t quite as prolific, it is still considered an investor’s grade by the third-party organization. This means you shouldn’t be concerned about your death benefit being distributed when the time comes.

The Better Business Bureau and NAIC Complaint Index shed light on customer complaint frequency and resolution efforts.

5 Star’s NAIC Complaint Index suggests that they have fewer complaints than other life insurance companies.

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The Better Business Bureau rating of A+ indicates that 5 Star Life Insurance Company’s customer service is responsive and handles complaints promptly. This could be due to 5 Star allowing phone claims as well as mail-in options.

Many times, life insurance companies have fewer complaints when they offer convenient features for agents and policyholders. In this case, the 5 Star life insurance member login and 5 Star life insurance agent login both reside on the company’s home page. This makes submitting your 5Star life insurance payments easier.

What are the 5 Star Life Insurance Company’s pros and cons?

With many companies requiring 10, 20, or even 30-year terms, it’s important to make a wise decision on your life insurance policy. Below, we’ll highlight some of the pros and cons of 5 Star Life Insurance Company.

Pros

  • Good complaint resolution ratings
  • Serviceable financial strength ratings
  • Potential for more affordable rates for first responders

Cons

  • Limited policy options (no permanent life insurance)
  • Only available to first responders

As a whole, if you’re a first responder it’s worthwhile to get a 5 Star life insurance quote to compare to other insurance providers. It could save you a fortune in the long run.

What is the 5 star life insurance claims address? According to the website, inquiries can be emailed or called in at 1-866-863-9753. The 5 star life insurance company address is not listed.

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5 Star Life Insurance Company Review: The Bottom Line

All in all, 5 Star Life Insurance Company offers life insurance policies that appear to be supported by numerous rating agencies. You’ll want to compare 5 Star life insurance rates with other organizations, especially if you’re a retired veteran.

We hope you enjoyed learning more about 5 Star Life Insurance Company. Before you go, take advantage of our free quote tool below to get rates from the top life insurance companies near you.

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