June 16, 2025 Reinsurance

AFBA and 5Star Life Insurance Company Appoints Xianmei Tang Chief Actuary and Senior Vice President, Actuarial

Business Wire

Tang brings deep actuarial insight and technical proficiency to the position

ALEXANDRIA, Va.--(BUSINESS WIRE)--
Armed Forces Benefit Association (AFBA), and its affiliate, 5Star Life Insurance Company (5Star Life), announced today the appointment of Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial, effective June 13, 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250616285854/en/

AFBA and 5Star Life appoints Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial.

“We are pleased to welcome Xianmei to the AFBA and 5Star Life team," said General Larry O. Spencer, USAF (Ret.), President of AFBA and 5Star Life. “His deep actuarial knowledge will be a great asset as we continue to make financially sound decisions ensuring strategic alignment with our enterprise goals and the long-term sustainability of the enterprise.”

“Xianmei’s expertise and innovative approach will play a pivotal role in addressing the actuarial and accounting challenges of our industry while driving 5Star Life’s expansion through the development of new products," said Kim Wooding, Executive Vice President and Chief Financial Officer of 5Star Life. “He is a great addition to our executive team.”

Xianmei Tang, FSA, MAAA, PRM, LTCP, is a seasoned actuarial executive with over twenty years of experience across life, annuity, and supplemental health insurance. He brings deep expertise in U.S. GAAP, statutory, and tax reporting, with a strong leadership track record in valuation, financial reporting, product development, reinsurance, and assumption governance. In his most recent position as Vice President and Valuation Actuary at Fortitude Re, Xianmei led onboarding and financial reporting for multi-billion-dollar reinsurance deals. Prior roles include Corporate and Appointed Actuary at Columbian Financial Group and leadership positions at Prudential, Genworth, Berkshire Life, and Lincoln Financial Group. Xianmei holds advanced actuarial credentials and degrees from the University of Connecticut and Peking University.

“I am honored to assume this position with AFBA and 5Star Life," stated Xianmei. "I look forward to supporting the enterprise’s noble mission and strategic goals.”

About AFBA

With the support of the General of the Army, Dwight D. Eisenhower, the Armed Forces Benefit Association (AFBA) was established in 1947 in the basement of the Pentagon to ease the strain on military members and their families who, at the time, could not purchase life insurance that would pay a death benefit if the member was killed in combat. Today, headquartered in Alexandria, VA, AFBA continues to honor its mission, in war and peace, promoting the welfare of its members by providing survivor and other benefits to those who serve this great nation, including members of the uniformed services, first responders, government employees, and their families. AFBA has 914,000 members with $59 billion of death benefits in force and has paid $2 billion of death benefits since inception. AFBA death benefits are primarily underwritten by its affiliate, 5Star Life Insurance Company (a Lincoln, Nebraska domiciled company). AFBA is not affiliated with any government agency.

About 5Star Life Insurance Company

5Star Life Insurance Company (5Star Life) is the primary underwriter of the Armed Forces Benefit Association (AFBA) member policies and is also a growing provider of group and worksite voluntary products. Its 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 U.S. Virgin Islands, Guam, and American Samoa.