Police and Firemen's Insurance Association

What Police and Firemen's Insurance Association does

Police and Firemen's Insurance Association (PFIA) is a not-for-profit fraternal benefit society chartered in 1913 in Indianapolis, Indiana, and currently headquartered in Carmel, Indiana. PFIA exclusively serves active and retired Police Officers, Firefighters, and Correctional Officers across 44 U.S. states and the District of Columbia. Its mission, expressed in the motto 'We are Each Other's Keeper,' frames the organization as a fraternal brotherhood rather than a conventional insurance carrier.

PFIA's product portfolio spans three layers. The first is accident and health coverage: accidental death benefits with $30,000/$50,000/$100,000 tiers at flat $3/$5/$10 monthly pricing; accident-only and accident & sickness disability income; and a cancer protection plan with lump-sum benefits of $7,500 or $15,000. The second is life insurance, including Final Expense Whole Life (ages 45-80, $5,000-$25,000 face, no medical exam, with a 'PFIA Quick Quote' instant-quote system), Select Whole Life, One Pay Life, and Yearly Renewable/Level Term products convertible to permanent coverage. The third is retirement savings, comprising Flexible Premium Annuities (IRA, Roth IRA, non-qualified) and Single Premium Deferred Annuities (3/5/7 year guaranteed periods). Fraternal benefits layered on top include a $1,500/year scholarship for up to four years for children/grandchildren/great-grandchildren of members, an Orphan's Income Benefit (up to $300/month) plus Orphan's Scholarship ($4,000/year up to $16,000 aggregate), a Family Fraternal Benefit for newborns, an Uninsurable Child Benefit of $10,000, a Reward Fund up to $2,500 for information leading to arrest, and a Memorial Fund.

PFIA generates revenue through recurring insurance premiums (monthly, quarterly, semi-annual, and annual billing cycles) and membership dues across its product lines; this is a subscription-style recurring revenue model with relatively small individual member premiums but high member counts. Distribution is built entirely on a field-sales model: Account Representatives who are active or recently retired public safety professionals sell into their own departments, organized under five Regional Managers (Southern Central States, Midwest, Northeast, Southeast, Southwest) and overseen by the Home Office. There is no proprietary digital insurance platform; technology is limited to the EBPP bill-payment system, the pfia1913.org corporate site, an agent portal at pfia.net, and The Protector quarterly publication hosted on Issuu. With 11-50 employees and a board-led governance structure (President John Murphy, Sr. VP/Executive Secretary Bradd Roembke, VP/Treasurer Eric Hofmeister), PFIA operates as a stable, niche mutual serving a defined occupational community rather than a high-growth commercial insurer.

Name

Police and Firemen's Insurance Association

Legal name

Police and Firemen's Insurance Association

Website

https://pfia1913.org

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

11–50 employees

Short description

Police and Firemen's Insurance Association is a 1913-chartered, not-for-profit fraternal benefit society headquartered in Carmel, Indiana, providing accident, life, and annuity products exclusively to active and retired U.S. police officers, firefighters, and correctional officers across 44 states and DC through a peer agent network.

Ownership category

akta.pro rank

Product category

Fraternal Insurance

NAICS

Direct Life Insurance Carriers (524113), Health and Welfare Funds (525120), Other Insurance Funds (525190)

SIC

Accident & Health Insurance (6321), Life Insurance (6311)

akta.pro primary industry

Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK)

akta.pro secondary industry

Nonprofit / Social Services BOP (FSAJAFAM)

Keywords

• Fraternal benefit society
• Accidental death insurance
• Supplemental life insurance
• Fixed annuity products
• Public safety insurance

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Infrastructure

Revenue model

1. Insurance Premiums: PFIA generates revenue through insurance premiums paid by members for various insurance products including accident & health coverage, life insurance plans (Final Expense Whole Life, Select Whole Life, One Pay Life, Yearly Renewable Term/Level Term), cancer protection, and annuities. Premiums are collected on various schedules (monthly, quarterly, semi-annually, annually) depending on the product and member preference.
2. Membership Dues: Members pay dues to maintain their membership in good standing, which entitles them to fraternal benefits including the scholarship program, orphan's income benefit, family fraternal benefit, and other member-exclusive programs.
3. Annuity Products: Revenue is generated from annuity products including Flexible Premium Annuities and Single Premium Deferred Annuities, which provide tax-deferred growth and guaranteed life income at retirement.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

PFIA is a fraternal benefit society that provides insurance products and member-exclusive fraternal benefits exclusively to active and retired U.S. Police Officers, Firefighters, and Correctional Officers. Its insurance offerings include accidental death coverage, accident and sickness disability income, cancer protection, multiple whole life and term life policies, and fixed annuities. Its fraternal benefits include a scholarship program, orphan's income and scholarship benefits, family fraternal coverage, uninsurable child benefits, reward and memorial funds, and a charitable fund.

Product overview

Police and Firemen's Insurance Association operates as a fraternal benefit society offering a comprehensive portfolio of insurance and financial products exclusively for Police Officers, Firefighters, and Correctional Officers. The core product offerings include: (1) Accident & Health coverage comprising Accidental Death Coverage, Accident Only, Accident & Sickness Disability Income, and Cancer Protection plans; (2) Life Insurance products including Final Expense Whole Life, Select Whole Life, One Pay Life, and Yearly Renewable/Level Term policies; (3) Retirement & Savings solutions featuring Flexible Premium Annuities and Single Premium Deferred Annuity. Beyond insurance, PFIA provides distinctive fraternal benefits including a Scholarship Program ($1,500/year for 4 years), Orphan's Income Benefit & Scholarship Program, Family Fraternal Benefit, Uninsurable Child Benefit, Reward Fund, Memorial Fund, The PFIA Protector quarterly publication, and a Charitable Fund. The organization serves members in 44 states and the District of Columbia, chartered in 1913.

Differentiator

Problem solved

Functional benefit

Brands

• The Protector: Official quarterly publication of Police and Firemen's Insurance Association highlighting activities of Police, Fire, and Corrections across the country.

Products and services

• Accidental Death Coverage Accidental death plan for Police Officers, Firefighters, and Correctional Officers providing on- and off-duty protection 24 hours a day. Available coverage levels include $30,000, $50,000, and $100,000 at flat monthly premiums ($3, $5, $10) regardless of age, for members ages 18-70.
• Accident Only Accident protection plan covering on or off-duty injuries regardless of other medical insurance. Includes disability income, hospital confinement, dismemberment, death benefits, medical fees, and optional riders such as Gunshot Wound and Burn riders.
• Accident & Sickness Disability Income Disability income plan providing benefits for disabilities caused by injury or sickness, additional hospitalization income during the first 30 days, and accidental death and dismemberment benefits.
• Cancer Protection Plan Cancer insurance plan paying lump sum benefits of $7,500 or $15,000 upon diagnosis. Available for individuals ages 18-70 with optional return of premium rider for claim-free 20-year period. Covers individuals and families with no examination required.
• Final Expense Whole Life Permanent life insurance policy with guaranteed level premiums, tax-free death benefit, and flexible face amounts from $5,000 to $25,000. Available for ages 45-80 with no medical exam required. Most applicants receive instant quote using PFIA Quick Quote system.
• Select Whole Life Permanent life insurance with guaranteed level premium, cash values, paid-up insurance values, and accumulating dividends. Coverage available for children at approximately $10 per month.
• One Pay Life Whole life insurance requiring a single lump-sum premium payment, providing permanent death coverage with guaranteed cash values and dividends.
• Yearly Renewable Term & Level Term Life Low-cost term life insurance for 10, 20, or 30 years covering debts such as mortgage, loans, education, and funeral costs. Convertible to permanent life insurance during the conversion period.
• Flexible Premium Annuities Tax-deferred annuity plans for retirement savings with guaranteed life income at retirement. Currently offering 3% interest rate on IRA, Roth IRA, and non-qualified plans with no management fees.
• Single Premium Deferred Annuity Fixed annuity with guaranteed interest rates for 3, 5, or 7 years, offering tax-deferred growth and protection against market volatility.
• Scholarship Program Scholarship benefit of $1,500 per year for up to four years of undergraduate study for children, grandchildren, and great-grandchildren of members. Renewable for up to three additional years provided the student maintains a 2.5 cumulative GPA on a 4.0 scale and both student and member policies remain active. Total awarded since 1987 exceeds $13.5 million.
• Orphan's Income Benefit & Scholarship Program Monthly income benefits for orphaned children of members (up to $150/month for ages 0-5, $200/month for ages 6-13, $300/month for ages 14-18) plus scholarship grants of up to $4,000 per year ($16,000 aggregate) for four years of undergraduate education.
• Family Fraternal Benefit $5,000 life insurance for infants from 8th through 59th day of life with guaranteed insurability for up to $10,000 permanent life insurance at the 60th day.
• Uninsurable Child Benefit $10,000 Select Whole Life policy issued at standard rates to uninsurable children (ages 0-23) of members who are declined due to health reasons.
• Reward Fund Up to $2,500 in rewards for information leading to arrest and conviction of those responsible for death or permanent disability of a PFIA member.
• Memorial Fund Fraternal benefit of $2,000 to families of member officers and $1,000 to non-member families killed in the line of duty.
• PFIA Charitable Fund Charitable fund distributing annual contributions to Make a Wish Foundation, Special Olympics, Special Operations Warrior Foundation, and St. Jude Children's Research Hospital.

Quantifiable outcome

• Over $13.5 million in scholarships awarded since 1987 to children, grandchildren, and great-grandchildren of members
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PFIA1913
• Facebookfacebook.com/PoliceFirefightersInsuranceAssociation

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Police and Firemen's Insurance Association