News Release

Torchmark Elects New Director and Declares Dividend

July 30, 2002

Torchmark Corporation (NYSE: TMK) announced today that Paul J. Zucconi of Plano, Texas has been elected to the Company's Board of Directors. Mr. Zucconi, 62, recently retired from the public accounting firm of KPMG LLP where his career spanned over thirty-three years. During his career, Mr. Zucconi served as an audit partner with an emphasis on professional practice and SEC matters. Educated at Cornell University (B.S. and MBA degrees), he remains active in professional practice matters with the American Institute of Certified Public Accountants (AICPA). Mr. Zucconi currently serves on the AICPA's Quality Control Inquiry Committee and instructs in the AICPA's Professional Development Institute.

At its July 25, 2002 meeting, the Torchmark Board of Directors also declared a quarterly dividend of $.09 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on October 5, 2002. This dividend will be paid on November 1, 2002.

Torchmark Corporation is a financial services holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Subsidiary Globe Life And Accident is a nationally recognized direct-response provider of life insurance known for its administrative efficiencies. United American has been a nationally recognized provider of Medicare supplement health insurance since 1966. Liberty National Life, one of the oldest traditional life insurers in the Southeast, is the largest life insurer in its home state of Alabama. American Income Life is nationally recognized for providing supplemental life insurance to labor union members.

SOURCE Torchmark Corporation

CONTACT: Joyce Lane, Vice President, Investor Relations of Torchmark Corporation, +1-972-569-3627, or fax, +1-972-569-3696, or

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