June 12, 2025 Newswires

5Star Life Insurance Co. Named One of Forbes' Best Insurance Companies 2025

Business Wire

Earning recognition for the third consecutive year underscores the continued success of growth and customer experience strategy

ALEXANDRIA, Va.--(BUSINESS WIRE)--
5Star Life Insurance Company (5Star Life) has achieved a significant milestone for the third year in a row by securing a prominent position on Forbes’ list of the World’s Best Insurance Companies 2025. This recognition is presented by Forbes and Statista Inc., an industry ranking provider and a leading statistics portal. The complete list is available on the Forbes website.

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5Star Life has once again been named one of the World’s Best Insurance Companies by Forbes.

“It’s a testament to the trust we’ve built in the marketplace and the success of our vision to deliver consistent growth and outstanding customer experiences,” said General Larry O. Spencer, USAF (Ret.), President of 5Star Life.

“We owe this recognition to the incredible efforts of our team. Their daily commitment to delivering exceptional service is what makes 5Star Life a trusted partner to so many,” said Mike Moser, Chief Distribution and Legal Officer.

The Forbes’ 2025 ranking of the World’s Best Insurance Companies stems from a comprehensive, independent survey conducted with Statista, a leading market research firm. This far-reaching survey gathered feedback from over 45,000 consumers across 15 countries about their satisfaction levels with various life insurance companies. Participants who had held a life insurance policy in the last three years shared insights on their satisfaction and willingness to recommend their insurer. They also rated insurers on criteria such as the quality of employee advice, customer service, and transparency. After analyzing the survey data, the top 145 insurance companies with the highest scores made it to the final list.

“Being recognized for the third consecutive year reinforces the strength of our enduring commitment to our partners and our relentless focus on service excellence,” stated Sal Campanile, Vice President, Worksite Sales for 5Star Life. “It energizes our drive to keep innovating and enhancing the service experiences that matter most as we continue this journey together.”

About 5Star Life

5Star Life Insurance Company is the life insurance underwriter for the Armed Forces Benefit Association (AFBA) member benefits and a growing provider of group and worksite voluntary insurance products. Its business model enables 5Star Life to serve the needs of a diverse clientele as an insurance provider 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 U.S. Virgin Islands, and Guam. 5Star Life was awarded on the Forbes World’s Best Insurance Companies 2023, 2024, and 2025 list.