THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

AFLAC Incorporated (AFL)

3/17/2006 Proxy Information

Dr. Purdom is a retired Executive Vice President of the American Family Life Assurance Company of Columbus.

Information is provided with respect to executive officers, Directors, Director Nominees, and/or members of their immediate families who were indebted to the Company or its subsidiaries at any time since January 1, 2005, in excess of $60,000 as follows:

For services rendered in 2005, $751,878 in salary and bonus was paid by Aflac to Paul S. Amos II, the son of Daniel P. Amos. Mr. Paul S. Amos II serves as Executive Vice President, Aflac U.S. Operations. In addition, he received such employee benefits and other compensation (including stock awards) as were made available to senior management of the Company generally. In 2005, he earned renewal and first-year commissions before expenses of $149,837. He served as North Georgia Co-State Sales Coordinator from 2002 through 2004. With respect to Paul S. Amos II, his first-year and renewal commission rates (1% and .2%, respectively), were significantly below other State Sales CoordinatorsÕ commission rates (approximately 5.0% and 1.0%, respectively).

John Shelby Amos II, a Director of the Company, has been associated with Aflac since 1973 and presently serves as Alabama/West Florida State Sales Coordinator. In 2005, he earned renewal and first-year commissions before expenses of $2,823,092. In 2005, $159,067 was paid by Aflac to a corporation of which Maria Theresa Land, the sister of John Shelby Amos II, is the sole shareholder. This amount was earned as renewal commissions before expenses by W. Donald Land, the deceased husband of Maria Theresa Land, who served as Florida State Sales Coordinator with Aflac from 1975 until May 1990. State Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses, including travel, office expenses, incentives for District and Regional Sales Coordinators and Associates in their states, and recruiting and training costs. The compensation arrangements with John Shelby Amos II, and W. Donald Land were no more favorable when contracted than those of other State Sales Coordinators.

In 2005, $192,903 was paid by Aflac to John William Amos, the son of John Shelby Amos II. This amount was earned as renewal and first-year commissions before expenses. John William Amos serves as an Alabama District Sales Coordinator. In 2005, $214,653 was paid by Aflac to Joe Frank Harris Jr., the son of Joe Frank Harris. This amount was earned as renewal and first-year commissions before expenses. Joe Frank Harris Jr. serves as a Georgia District Sales Coordinator. District Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses. The compensation arrangement with John William Amos and Joe Frank Harris Jr. is the same as with other District Sales Coordinators.

In 2005, $127,509 was paid by Aflac to Michael S. Kirkland, the son of Ronald E. Kirkland, an executive officer of Aflac. Michael Kirkland serves as a Missouri Regional Sales Coordinator. This amount was earned as renewal and first-year commissions before expenses. Regional Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses, including travel, office expenses, incentives for District Coordinators and Associates in their states, and recruiting and training costs. The compensation arrangement with Michael S. Kirkland is the same as other Regional Sales Coordinators.

For services rendered in 2005, $407,485 in salary and bonus was paid by the Company to Kenneth S. Janke Jr., the son of Kenneth S. Janke Sr. Mr. Janke Jr. serves as Senior Vice President, Investor Relations. In addition, he received such employee benefits and other compensation (including stock awards) as were made available to senior management of the Company generally. Joey M. Loudermilk is the Executive Vice President, General Counsel and Corporate Secretary of the Company. For services rendered in 2005, $63,846 in salary and bonus was paid by Aflac to Mr. LoudermilkÕs brother-in-law, James M. Tucker, Jr., and $76,690 in salary and bonus was paid by Aflac to Mr. LoudermilkÕs son, Matthew Loudermilk. In 2005, Mr. LoudermilkÕs sister, Melissa L. Tucker, was an employee of Aflac and received less than $60,000 in salary and bonus. All of these employees also participated in all fringe benefit programs available to employees generally.

3/17/2005 Proxy Information

Dr. E. Stephen Purdom is a retired Executive Vice President of the American Family Life Assurance Company of Columbus.

Daniel P. Amos and John Shelby Amos II are cousins. Daniel P. Amos is the father and John Shelby Amos II is the second cousin of Paul S. Amos II, an executive officer of the Company. Kenneth S. Janke Sr. is the father of Kenneth S. Janke Jr., an executive officer of the Company.

Information is provided with respect to executive officers, Directors, Director nominees and/or members of their immediate families who were indebted to the Company or its subsidiaries, at any time since January 1, 2004, in excess of $60,000, as follows: (table on page 23 of proxy)

John Shelby Amos II, a Director of the Company, has been associated with Aflac since 1973 and presently serves as Alabama/West Florida State Sales Coordinator. In 2004, he earned renewal and first-year commissions before expenses of $2,355,797. For services rendered in 2004, $262,519 was paid by Aflac to Paul S. Amos II, the son of Daniel P. Amos who served as North Georgia Co-State Sales Coordinator. This amount was earned as renewal, and first-year commissions before expenses. In 2004, $155,367 was paid by Aflac to a corporation of which Maria Theresa Land, the sister of John Shelby Amos II, is the sole shareholder. This amount was earned as renewal commissions before expenses by W. Donald Land, the deceased husband of Maria Theresa Land, who served as Florida State Sales Coordinator with Aflac from 1975 until May 1990. State Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses, including travel, office expenses, incentives for District and Regional Sales Coordinators and Associates in their states, and recruiting and training costs. The compensation arrangements with John Shelby Amos II, Paul S. Amos II, and W. Donald Land were no more favorable, when contracted, than those of other State Sales Coordinators. With respect to Paul S. Amos II, his first-year and renewal commission rates (1% and .2%, respectively), were significantly below other State Sales CoordinatorsÕ commission rates (approximately 5.0% and 1.0%, respectively). Effective January 1, 2005, Mr. Paul S. Amos II was appointed Executive Vice President, Aflac U.S. Operations.

In 2004, $151,108 was paid by Aflac to John William Amos, the son of John Shelby Amos II. This amount was earned as renewal and first-year commissions before expenses. John William Amos serves as an Alabama District Sales Coordinator. In 2004, $214,215 was paid by Aflac to Joe Frank Harris Jr., the son of Joe Frank Harris. This amount was earned as renewal and first-year commissions before expenses. Joe Frank Harris Jr. serves as a Georgia District Sales Coordinator. District Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses. The compensation arrangement with John William Amos and Joe Frank Harris Jr. is the same as with other District Sales Coordinators.

In 2004, $97,490 was paid by Aflac to Michael S. Kirkland, the son of Ronald E. Kirkland, an executive officer of Aflac. Michael Kirkland serves as a Missouri Regional Sales Coordinator. This amount was earned as renewal and first-year commissions before expenses. Regional Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses, including travel, office expenses, incentives for District Coordinators and Associates in their states, and recruiting and training costs. The compensation arrangement with Michael S. Kirkland is similar, when contracted, to those of other Regional Sales Coordinators.

For services rendered in 2004, $632,318 in salary and bonus was paid by the Company to Ms. Kathelen V. Spencer, then Executive Vice President, Deputy Legal Counsel and Director of Corporate Communications.In addition, Ms. Spencer received such employee benefits and other compensation (including awards of stock options) as were made available to key executive employees of the Company generally. Ms. Spencer retired from the Company on January 1, 2005 and is now the spouse of Daniel Amos. In connection with her retirement, Ms. Spencer will receive a severance payment of $632,318. The basis for calculating this severance payment was less favorable than severance arrangements that had been granted to other executive officers of the Company in the past. In addition, upon her retirement, Ms. Spencer forfeited two stock options that were not vested as of her date of retirement. The embedded gain in these forfeited stock options at the closing price of the CompanyÕs Common Stock on December 31, 2004 was $524,750. Ms. SpencerÕs severance package was approved by the Compensation Committee of the Board of Directors in recognition of her 20 years of service to the Company. For services rendered in 2004, $284,800 in salary and bonus was paid by the Company to Kenneth S. Janke Jr., the son of Kenneth S. Janke Sr. Mr. Janke Jr. serves as Senior Vice President, Investor Relations. In addition, he received such employee benefits and other compensation (including awards of stock options) as were made available to senior management of the Company generally. Joey M. Loudermilk is the Executive Vice President, General Counsel and Corporate Secretary of the Company. In 2004, Joey LoudermilkÕs sister, Melissa L. Tucker, brother-in-law, James M. Tucker, Jr., and son, Matthew Loudermilk were each employees of Aflac and each received less than $60,000 in salary and bonus. All of these employees also participated in all fringe benefit programs available to employees generally.

The following table provides information with respect to compensation plans under which our equity securities are authorized for issuance to employees or Non-employee Directors, as of December 31, 2004. (Table on page 24 of proxy)

3/15/2004 Proxy Information

Daniel P. Amos and John Shelby Amos II are cousins. Kenneth S. Janke Sr. is the father of Kenneth S. Janke Jr., an executive officer of the Company. No other family relationships exist among any other executive officers or Directors.

Information is provided with respect to executive officers, Directors, Director nominees and/or members of their immediate families who were indebted to the Company or its subsidiaries, at any time since January 1, 2003, in excess of $60,000, as follows:

Name Largest Aggregate Amount Outstanding Since January 1, 2003 ($) Nature of Indebtedness (2) Rate of Interest Amount Outstanding as of 1/31/04($)
Kermitt Cox (1) 15,338 Stock Option Note 4.71% -0-
119,029 Stock Option Note 4.50% 92,085

(1) Kermitt Cox was an executive officer of the Company during 2003.

(2) Collateralized notes accepted by the Company in payment of stock options exercised.

John Shelby Amos II, a Director of the Company, has been associated with AFLAC since 1973 and presently serves as Alabama/West Florida State Sales Coordinator. In 2003, he earned renewal and first-year commissions before expenses of $2,517,838. In 2003, $251,315 was paid by AFLAC to Paul S. Amos II, the son of Daniel P. Amos. This amount was earned as renewal and first-year commissions before expenses. Paul S. Amos II serves as North Georgia Co-State Sales Coordinator. In 2003, $190,817 was paid by AFLAC to a corporation of which Maria Theresa Amos Land, the sister of John Shelby Amos II, is the sole shareholder. This amount was earned as renewal commissions before expenses by W. Donald Land, the deceased husband of Maria Theresa Amos Land, who served as Florida State Sales Coordinator with AFLAC from 1975 until May 1990. In 2003, $169,407 was paid by AFLAC to John William Amos, the son of John Shelby Amos II. This amount was earned as renewal and first-year commissions before expenses. John William Amos serves as an Alabama District Sales Coordinator. In 2003, $133,782 was paid by AFLAC to Joe Frank Harris Jr., the son of Joe Frank Harris. This amount was earned as renewal and first-year commissions before expenses. Joe Frank Harris Jr. serves as a Georgia District Sales Coordinator.

State Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses, including travel, office expenses, incentives for District and Regional Sales Coordinators and Associates in their states, and recruiting and training costs. The compensation arrangements with John Shelby Amos II, Paul S. Amos II and W. Donald Land were similar, when contracted, to those of other State Sales Coordinators. District Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses. The compensation arrangement with John William Amos and Joe Frank Harris Jr. is the same as with other District Sales Coordinators.

3/17/2003 Proxy Information

Daniel P. Amos and J. Shelby Amos, II are cousins. Kenneth S. Janke, Sr. is the father of Kenneth S. Janke Jr., an executive officer of the Company.

During 2002, Dr. E. Stephen Purdom received $100,000 for providing consulting services to AFLAC Japan.

J. Shelby Amos, II, a Director of the Company, has been associated with AFLAC since 1973 and presently serves as Alabama/West Florida State Sales Coordinator. In 2002, he earned renewal and first-year commissions before expenses of $1,915,311.

In 2002, $178,868 was paid by AFLAC to a corporation of which Maria Theresa Amos Land, the sister of J. Shelby Amos, II, is the sole shareholder. This amount was earned as renewal commissions before expenses by W. Donald Land, the deceased husband of Maria Theresa Amos Land, who served as Florida State Sales Coordinator with AFLAC from 1975 until May 1990.

In 2002, $150,072 was paid by AFLAC to John William Amos, the son of J. Shelby Amos, II. This amount was earned as renewal and first-year commissions before expenses. John William Amos serves as an Alabama District Sales Coordinator.

In 2002, $72,337 was paid by AFLAC to Joe Frank Harris, Jr., the son of Joe Frank Harris. This amount was earned as renewal and first-year commissions before expenses. Joe Frank Harris, Jr. serves as a Georgia District Sales Coordinator.

State Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses, including travel, office expenses, incentives for District and Regional Sales Coordinators and Associates in their states, and recruiting and training costs. The compensation arrangements with J. Shelby Amos, II and W. Donald Land were similar, when contracted, to those of other State Sales Coordinators. District Sales Coordinators are not salaried employees but are compensated on a commission basis and are required to pay their own expenses. The compensation arrangement with John William Amos and Joe Frank Harris, Jr. is the same as with other District Sales Coordinators.