Kansas City, Mo. – May 23, 2005 – Union University SIFE students were named first-place winners of the Free Market Economics competition sponsored by Aflac. The SIFE (Students in Free Enterprise) team at the Jackson, Tenn.- based college was announced as the top prize recipient during the 2005 USA National Exposition and Career Opportunity Fair held in Kansas City, Mo.

Aflac presented Union University with $3,000 in prize money, a first- place trophy and a special edition Aflac Duck. On their road to first- place honors, Union University students competed against thousands of other SIFE students in the Aflac-sponsored competition and were named as one of 82 regional finalists. After presenting a report of their year long community outreach projects to a panel of business leaders, the regional finalists in the Aflac competition were presented with more than $60,000 in cash prizes and also received a specially created SIFE duck.

“Aflac is proud to be affiliated with the SIFE organization. We support these creative and globally minded students and applaud them for making a difference in our country and around the world,” said Dan Amos, chairman and CEO of Aflac.

The Free Market Economics competition is one of several educational outreach projects in which SIFE students work to better their communities and countries through teaching skills that provide economic opportunities for others.

Union University's winning project included raising $10,000 to fund a weeklong trip to Brazil in which SIFE students taught entrepreneurial and global marketing skills to 50 area youth. Art work was created by the local children and sold at an art auction in Jackson, Tenn.

SIFE teams from Chadron State College in Chadron, Neb., and Southwest Minnesota State University in Marshall, Minn., took second- and third-place honors respectively in the Free Market Economics competition.

The National Expo was hosted by the Kansas City business community.

SIFE is a global, nonprofit organization with student teams on more than 1,800 university campuses in more than 40 countries. SIFE offers these students the opportunity to develop leadership, teamwork and communication skills through learning, practicing and teaching the principles of free enterprise, thereby improving the standard of living for millions in the process.

For 50 years, Aflac products have given policyholders the opportunity to direct cash where it is needed most when a life-interrupting medical event causes financial challenges. Aflac is the number one provider of guaranteed-renewable insurance in the United States and the number one insurance company in terms of individual insurance policies in force in Japan. Aflac's insurance products provide protection to more than 40 million people worldwide. In January 2005, Aflac was included in Fortune magazine's list of the 100 Best Companies to Work For in America for the seventh consecutive year. Aflac has also been included in both Forbes magazine's Platinum 400 List of America's Best Big Companies and in Fortune magazine's listing of America's Most Admired Companies for five consecutive years. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com.

Media Contacts:

Mechell Clark
Aflac Incorporated
(706) 243-8004
meclark@aflac.com

Melanie York
Aflac Incorporated
(706) 243-5543
myork@aflac.com