<HTML>
<HEAD>
<TITLE>AFLAC, INC.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 12pt; margin-top: 12pt">As filed with the Securities and Exchange Commission on August&nbsp;11, 2009 Registration No.&nbsp;333-<BR>
<DIV style="width: 100%; border-bottom: 2px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><IMG src="g20148g2014801.gif" alt="(AFLAC INCORPORATED LOGO)"></DIV>

<DIV align="center" style="font-size: 20pt; margin-top: 12pt"><B>Aflac Incorporated</B><DIV style="width: 40%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 9pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Georgia</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>58-1167100</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-size:9pt">(State or other jurisdiction of incorporation or organization)</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-size:9pt">(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>1932 Wynnton Road, Columbus, Georgia</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>31999</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="font-size:9pt">(Address of principal executive offices)</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-size:9pt">(ZIP Code)</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>706.323.3431</B><BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 9pt">(Registrant&#146;s telephone number, including area code)</DIV>


<DIV align="center" style="font-size: 9pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>(Former name, former address and former fiscal year, if changed since last report)</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Aflac Incorporated Executive Deferred Compensation Plan</B><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 9pt">(Full Title of the Plan)</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt">Joey M. Loudermilk<BR>
Executive Vice President, General Counsel and Corporate Secretary<BR>
Aflac Incorporated<BR>
1932 Wynnton Road, Columbus, Georgia 31999<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 9pt">(Name and Address of Agent For Service)</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>(706)&nbsp;323-3431</B></DIV>

<DIV align="center" style="font-size: 9pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>(Telephone number, including area code of Agent for Service)</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt">The Securities and Exchange Commission is requested to send copies of all<BR>
communication and notice to:<BR>
<B>MICHAEL P. ROGAN, ESQ.</B><BR>
Skadden, Arps, Slate, Meagher &#038; Flom LLP<BR>
1440 New York Avenue, N.W.<BR>
Washington, D.C. 20005</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of
the Exchange Act.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%"></TD>
    <TD width="21"></TD>
    <TD width="30%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">Large accelerated filer <FONT style="font-family: Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accelerated filer <FONT style="font-family: Wingdings">&#168;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">Non-accelerated filer&nbsp;&nbsp; <FONT style="font-family: Wingdings">&#168;</FONT>&nbsp;(Do not check if a smaller reporting company)
</TD>
    <TD>&nbsp;</TD>
    <TD align="LEFT" valign="top">&nbsp;&nbsp;&nbsp;Smaller reporting company <FONT style="font-family: Wingdings">&#168;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 18pt">CALCULATION OF REGISTRATION FEE</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 8pt">
    <TD width="16%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount of</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Title of Securities To Be</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount To Be</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Offering Price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Aggregate</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Registration</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Registered</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Registered (1)(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Per Share</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Offering Price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Fee</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:0px; text-indent:-0px">Deferred Compensation
Obligations (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">30,000,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">30,000,000</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">1,674</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>The Deferred Compensation Obligations are unsecured general obligations of Aflac Incorporated (&#147;Aflac&#148;) to pay deferred
compensation in accordance with the terms of the Aflac Incorporated
Executive Deferred Compensation Plan.</TD>
</TR>

<TR style="font-size: 6pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>
Estimated solely for the purpose of calculating the registration fee
pursuant to Rule&nbsp;457 of the Securities Act of 1933, as amended.</TD>
</TR>

</TABLE>



<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 is filed by Aflac, to register $30,000,000 in Deferred
Compensation Obligations issuable under the Aflac Incorporated Executive Deferred Compensation Plan
(the &#147;Plan&#148;). Aflac&#146;s registration statement on Form S-8 filed with the Securities and Exchange
Commission (the &#147;SEC&#148;) on December&nbsp;21, 1998 (File No.&nbsp;333-69333) which registered 500,000 shares of
Aflac&#146;s common stock, par value of $.10 per share (the &#147;Common Stock&#148;) and $10,000,000 in Deferred
Compensation Obligations issuable under the Plan and Aflac&#146;s registration statement on Form S-8
filed with the SEC on June&nbsp;26, 2006 (File No.&nbsp;333-135327) which registered 500,000 shares of Common
Stock and $10,000,000 in Deferred Compensation Obligations issuable under the Plan, are
incorporated herein by reference, except to the extent that the items in this Registration
Statement update such information contained therein. This Registration Statement is filed pursuant
to General Instruction E to Form S-8.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aflac is including the Deferred Compensation Obligations in this Registration Statement
because of the uncertainty as to whether the Deferred Compensation Obligations would or should be
considered &#147;securities,&#148; or be subject to registration, under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;). The inclusion of the Deferred Compensation Obligations in this
Registration Statement is not an admission by Aflac that the Deferred Compensation Obligations are
securities or are subject to the registration requirements of the Securities Act.
</DIV>

<!-- link1 "PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 18pt"><B>PART I&nbsp;&nbsp; INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>

<!-- link1 "Item&nbsp;1. Plan Information.*" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;1.&nbsp;&nbsp; Plan Information.*</B>

</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "Item&nbsp;2. Registrant Information and Employee Plan Annual Information.*" -->

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;2.&nbsp;&nbsp; Registrant Information and Employee Plan Annual Information.*</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Information required by Part&nbsp;I to be contained in the Section 10(a) prospectus is omitted
from this Registration Statement in accordance with Rule&nbsp;428(b)(1) under the Securities Act, and
the introductory note to Part&nbsp;I of Form S-8. The documents containing the information specified in
Part&nbsp;I have been or will be delivered to the participants in the Plan as required by Rule&nbsp;428(b).
</DIV>

<!-- link1 "PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>PART II&nbsp;&nbsp; INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>

<!-- link1 "Item&nbsp;3. Incorporation of Documents by Reference." -->

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;3.&nbsp;&nbsp; Incorporation of Documents by Reference.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the SEC by Aflac are incorporated herein by reference and
made a part hereof:
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Aflac&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2008; and
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All other reports filed by Aflac pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) since December&nbsp;31, 2008.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by Aflac pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of
the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing
of such documents.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
</DIV>

<!-- link1 "Item&nbsp;4. Description of Securities." -->
<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;4.&nbsp;&nbsp; Description of Securities.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of Aflac under the Plan (the &#147;Deferred Compensation Obligations&#148;) registered
hereunder are unsecured obligations of Aflac to pay deferred compensation in the future in
accordance with the terms of the Plan. The Plan is included as Exhibits&nbsp;99.1 and 99.2 to this Registration
Statement. Such Exhibits set forth a description of the Deferred Compensation Obligations and
are incorporated herein by reference in their entirety in response to this Item&nbsp;4, pursuant to Rule
411(b)(3) under the Securities Act.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No participant under the Plan shall have any preferred claim to, or any beneficial ownership
interest in, any assets which are subject to the Plan. All such assets are subject to the claims
of the creditors of Aflac until they are paid to the participant in accordance with the terms of
the Plan.
</DIV>

<!-- link1 "Item&nbsp;5. Interests of Named Experts and Counsel." -->

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;5.&nbsp;&nbsp; Interests of Named Experts and Counsel.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the Deferred Compensation Obligations described herein has been passed upon
for Aflac by Joey M. Loudermilk, Executive Vice President, General Counsel and Corporate Secretary
for Aflac. As of August&nbsp;11 2009, Mr.&nbsp;Loudermilk
beneficially owned 247,836 shares of Common Stock,
316,146 options to purchase shares of Common Stock that are exercisable within 60&nbsp;days
and 29,607 shares of restricted stock for which he has the right to vote but may not receive until
they have vested three years from the date of grant and certain
Company performance goals have been met.
</DIV>

<P align="center" style="font-size: 12pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;6.&nbsp;&nbsp; Indemnification of Directors and Officers.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Georgia Business Corporation Code permits a corporation to indemnify a director or officer
if the director or officer seeking indemnification acted in good faith and reasonably believed (i)
in the case of conduct in his or her official capacity, that his or her action was in the best
interest of the corporation, (ii)&nbsp;in all other cases, that his or her action was at least not
opposed to the best interests of the corporation, and (iii)&nbsp;in the case of any criminal
proceedings, that he or she had no reasonable cause to believe his or her conduct was unlawful,
provided that indemnification in connection with a proceeding by or in the right of the corporation
is limited to reasonable expenses incurred in connection with the proceeding. The Georgia Business
Corporation Code prohibits indemnification of a director or officer with respect to conduct for
which he or she was adjudged liable on the basis that personal benefit was improperly received by
him or her, whether or not involving action in his or her official capacity. The Bylaws of the
Company provide for indemnification of officers and directors to the fullest extent permitted by
Georgia law. The Company&#146;s Articles of Incorporation also limit the potential personal monetary
liability of the members of the Company&#146;s Board of Directors to the Company or its stockholders for
certain breaches of their duty of care or other duties as a director.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company maintains (i)&nbsp;director and officer liability insurance that provides for
indemnification of the directors and officers of the Company and of its majority-owned
subsidiaries, and (ii)&nbsp;company reimbursement insurance that provides for indemnification of the
Company and its majority-owned subsidiaries in those instances where the Company and/or its
majority-owned subsidiaries indemnified its directors and officers.
</DIV>

<!-- link1 "Item&nbsp;7. Exemption from Registration Claimed." -->

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;7.&nbsp;&nbsp; Exemption from Registration Claimed.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<!-- link1 "Item&nbsp;8. Exhibits." -->

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;8.&nbsp;&nbsp; Exhibits.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a list of exhibits filed or incorporated by reference as part of this
Registration Statement.
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6pt">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="g20148exv5w1.htm">5.1</a>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Joey M. Loudermilk, General Counsel of Aflac.</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="g20148exv15w1.htm">15.1</a>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter from KPMG LLP regarding unaudited interim financial information.</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="g20148exv23w1.htm">23.1</a>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP, Independent Registered Public Accounting Firm.</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Joey M. Loudermilk, General Counsel of Aflac (included in opinion filed
as Exhibit&nbsp;5.1 hereto).</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this Registration Statement).</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Aflac Incorporated Executive Deferred Compensation Plan, as amended and restated,
effective January&nbsp;1, 2009 - incorporated herein by reference to 2008 Form&nbsp;10-K,
Exhibit&nbsp;10.9 (File No.&nbsp;001-07434).</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Amendment to the Aflac Incorporated Executive Deferred
Compensation Plan dated June&nbsp;1, 2009 - incorporated herein by
reference to Form&nbsp;10-Q for June&nbsp;30, 2009, Exhibit&nbsp;10.4 (File No.&nbsp;001-07434).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<!-- link1 "Item&nbsp;9. Undertakings." -->

<DIV align="left" style="font-size: 12pt; margin-top: 10pt"><B>Item&nbsp;9.&nbsp;&nbsp; Undertakings.</B>

</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aflac hereby undertakes:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="5%" nowrap align="left">(a) (1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being made, a post-effective amendment
to the registration statement:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;to include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933;
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;to reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the
registration statement.
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 12pt; margin-top: 10pt">Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20&nbsp;percent change in the maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective registration statement; and
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;to include any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such information in the registration statement;
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8 and the information required to be included
in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of
the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purposes of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial <I>bona fide </I>offering thereof.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and where applicable, each filing of an employee benefit plan&#146;s
annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial <I>bona fide </I>offering thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 10pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such
issue.</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 12pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<!-- link1 "SIGNATURES" -->
<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>The Registrant. </B>Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Columbus, state of Georgia, on this
11<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of August, 2009.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 12pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Aflac Incorporated<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ <B><I>Daniel P. Amos</I></B>
&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Daniel P. Amos&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" colspan="2">Title: Chief Executive Officer and
Chairman of the<BR>
Board of Directors</TD>
</TR>
<TR>
    <TD colspan="4">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 12pt; margin-top: 24pt"><B>SIGNATURES AND POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned officers and directors of Aflac Incorporated, hereby severally constitute
and appoint Joey M. Loudermilk and Kriss Cloninger III, and each of them the lawful attorneys and
agents, with full power of substitution and authority, to sign for us and in our names in the
capacities indicated below, the Registration Statement on Form S-8 filed herewith and any and all
pre-effective and post-effective amendments to said Registration Statement, and generally to do all
such things in our names and on our behalf in our capacities as officers and directors to enable
Aflac Incorporated to comply with the provisions of the Securities Act of 1933, as amended, and all
rules, regulations and requirements of the Securities and Exchange Commission, hereby ratifying and
confirming our signatures as they may be signed by either of said attorneys to said Registration
Statement and any and all amendments thereto as may be necessary or desirable, including, but
without limiting the generality of the foregoing, the power and authority to sign the name of Aflac
Incorporated in the names of the undersigned directors and officers in the capacities indicated
below to all such registration statements, amendments or post-effective amendments thereto.
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the date indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Daniel P. Amos</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer and Chairman of the
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Daniel P. Amos
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Board of Directors</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Kriss Cloninger III</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Financial Officer,
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kriss Cloninger III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Treasurer and Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Ralph A. Rogers, Jr.</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, Financial Services;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ralph A. Rogers, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Accounting Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>John Shelby Amos II</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John Shelby Amos II
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Paul S. Amos II</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Paul S. Amos II
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Yoshiro Aoki
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Michael H. Armacost</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael H. Armacost
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Joe Frank Harris</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Joe Frank Harris
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Elizabeth J. Hudson</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Elizabeth J. Hudson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Kenneth S. Janke Sr.</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Kenneth S. Janke Sr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Douglas W. Johnson</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Douglas W. Johnson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Robert B. Johnson</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert B. Johnson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Charles B. Knapp</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Charles B. Knapp
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>E. Stephen Purdom</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">E. Stephen Purdom
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
<b><i>Barbara K. Rimer, Dr.&nbsp;PH</i></b>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"> Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Barbara K. Rimer, Dr.&nbsp;PH
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Marvin R. Schuster</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Marvin R. Schuster
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>David Gary Thompson</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David Gary Thompson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ <B><I>Robert L. Wright</I></B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August&nbsp;11, 2009</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert L. Wright
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 12pt"><!-- Folio -->8<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 6pt">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="g20148exv5w1.htm">5.1</a>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Joey M. Loudermilk, General Counsel of Aflac.</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="g20148exv15w1.htm">15.1</a>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter from KPMG LLP regarding unaudited interim financial information.</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><A href="g20148exv23w1.htm">23.1</a>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP, Independent Registered Public Accounting Firm.</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Joey M. Loudermilk, General Counsel of Aflac (included in opinion filed
as Exhibit&nbsp;5.1 hereto).</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this Registration Statement).</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Aflac Incorporated Executive Deferred Compensation Plan, as amended and restated,
effective January&nbsp;1, 2009 - incorporated herein by reference to 2008 Form&nbsp;10-K,
Exhibit&nbsp;10.9 (File No.&nbsp;001-07434).</TD>
</TR>
<TR valign="bottom">

<TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Amendment to the Aflac Incorporated Executive Deferred
Compensation Plan dated June&nbsp;1, 2009 - incorporated herein by
reference to Form&nbsp;10-Q for June&nbsp;30, 2009, Exhibit&nbsp;10.4 (File No.&nbsp;001-07434).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 12pt"><!-- Folio -->9<!-- /Folio -->
</DIV>



</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "g20148sv8.htm", "description": "AFLAC, INC.", "secsgml_size_bytes": 59683}]
{"company-data": {"conformed-name": "AFLAC INC", "cik": "0000004977", "assigned-sic": "6321", "irs-number": "581167100", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-161269", "film-number": "091005055"}, "business-address": {"street1": "1932 WYNNTON RD", "city": "COLUMBUS", "state": "GA", "zip": "31999", "phone": "7063233431"}, "mail-address": {"street1": "1932 WYNNTON ROAD", "city": "COLUMBUS", "state": "GA", "zip": "31999"}, "former-company": {"former-conformed-name": "AMERICAN FAMILY CORP", "date-changed": "19920306"}}
AFLAC, INC.
As filed with the Securities and Exchange Commission on August 11, 2009 Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Aflac Incorporated
(Exact name of registrant as specified in its charter)
Georgia
58-1167100
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
1932 Wynnton Road, Columbus, Georgia
31999
(Address of principal executive offices)
(ZIP Code)
706.323.3431
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)
Aflac Incorporated Executive Deferred Compensation Plan
(Full Title of the Plan)
Joey M. Loudermilk
Executive Vice President, General Counsel and Corporate Secretary
Aflac Incorporated
1932 Wynnton Road, Columbus, Georgia 31999
(Name and Address of Agent For Service)
(706) 323-3431
(Telephone number, including area code of Agent for Service)
The Securities and Exchange Commission is requested to send copies of all
communication and notice to:
MICHAEL P. ROGAN, ESQ.
Skadden, Arps, Slate, Meagher & Flom LLP
1440 New York Avenue, N.W.
Washington, D.C. 20005
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of
the Exchange Act.
Large accelerated filer
þ
Accelerated filer
¨
Non-accelerated filer
¨
(Do not check if a smaller reporting company)
Smaller reporting company
¨
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Maximum
Maximum
Amount of
Title of Securities To Be
Amount To Be
Offering Price
Aggregate
Registration
Registered
Registered (1)(2)
Per Share
Offering Price
Fee
Deferred Compensation
Obligations (1)
$
30,000,000
100
%
$
30,000,000
(2)
$
1,674
(1)
The Deferred Compensation Obligations are unsecured general obligations of Aflac Incorporated ("Aflac") to pay deferred
compensation in accordance with the terms of the Aflac Incorporated
Executive Deferred Compensation Plan.
(2)
Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457 of the Securities Act of 1933, as amended.
EXPLANATORY NOTE
This Registration Statement on Form S-8 is filed by Aflac, to register $30,000,000 in Deferred
Compensation Obligations issuable under the Aflac Incorporated Executive Deferred Compensation Plan
(the "Plan"). Aflac's registration statement on Form S-8 filed with the Securities and Exchange
Commission (the "SEC") on December 21, 1998 (File No. 333-69333) which registered 500,000 shares of
Aflac's common stock, par value of $.10 per share (the "Common Stock") and $10,000,000 in Deferred
Compensation Obligations issuable under the Plan and Aflac's registration statement on Form S-8
filed with the SEC on June 26, 2006 (File No. 333-135327) which registered 500,000 shares of Common
Stock and $10,000,000 in Deferred Compensation Obligations issuable under the Plan, are
incorporated herein by reference, except to the extent that the items in this Registration
Statement update such information contained therein. This Registration Statement is filed pursuant
to General Instruction E to Form S-8.
Aflac is including the Deferred Compensation Obligations in this Registration Statement
because of the uncertainty as to whether the Deferred Compensation Obligations would or should be
considered "securities," or be subject to registration, under the Securities Act of 1933, as
amended (the "Securities Act"). The inclusion of the Deferred Compensation Obligations in this
Registration Statement is not an admission by Aflac that the Deferred Compensation Obligations are
securities or are subject to the registration requirements of the Securities Act.
PART I   INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.   Plan Information.*
2
Item 2.   Registrant Information and Employee Plan Annual Information.*
*Information required by Part I to be contained in the Section 10(a) prospectus is omitted
from this Registration Statement in accordance with Rule 428(b)(1) under the Securities Act, and
the introductory note to Part I of Form S-8. The documents containing the information specified in
Part I have been or will be delivered to the participants in the Plan as required by Rule 428(b).
PART II   INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.   Incorporation of Documents by Reference.
The following documents filed with the SEC by Aflac are incorporated herein by reference and
made a part hereof:
(a) Aflac's Annual Report on Form 10-K for the fiscal year ended December 31, 2008; and
(b) All other reports filed by Aflac pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act") since December 31, 2008.
All documents subsequently filed by Aflac pursuant to Sections 13(a), 13(c), 14 and 15(d) of
the Exchange Act, prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing
of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also
is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
Item 4.   Description of Securities.
The obligations of Aflac under the Plan (the "Deferred Compensation Obligations") registered
hereunder are unsecured obligations of Aflac to pay deferred compensation in the future in
accordance with the terms of the Plan. The Plan is included as Exhibits 99.1 and 99.2 to this Registration
Statement. Such Exhibits set forth a description of the Deferred Compensation Obligations and
are incorporated herein by reference in their entirety in response to this Item 4, pursuant to Rule
411(b)(3) under the Securities Act.
No participant under the Plan shall have any preferred claim to, or any beneficial ownership
interest in, any assets which are subject to the Plan. All such assets are subject to the claims
of the creditors of Aflac until they are paid to the participant in accordance with the terms of
the Plan.
Item 5.   Interests of Named Experts and Counsel.
The validity of the Deferred Compensation Obligations described herein has been passed upon
for Aflac by Joey M. Loudermilk, Executive Vice President, General Counsel and Corporate Secretary
for Aflac. As of August 11 2009, Mr. Loudermilk
beneficially owned 247,836 shares of Common Stock,
316,146 options to purchase shares of Common Stock that are exercisable within 60 days
and 29,607 shares of restricted stock for which he has the right to vote but may not receive until
they have vested three years from the date of grant and certain
Company performance goals have been met.
3
Item 6.   Indemnification of Directors and Officers.
The Georgia Business Corporation Code permits a corporation to indemnify a director or officer
if the director or officer seeking indemnification acted in good faith and reasonably believed (i)
in the case of conduct in his or her official capacity, that his or her action was in the best
interest of the corporation, (ii) in all other cases, that his or her action was at least not
opposed to the best interests of the corporation, and (iii) in the case of any criminal
proceedings, that he or she had no reasonable cause to believe his or her conduct was unlawful,
provided that indemnification in connection with a proceeding by or in the right of the corporation
is limited to reasonable expenses incurred in connection with the proceeding. The Georgia Business
Corporation Code prohibits indemnification of a director or officer with respect to conduct for
which he or she was adjudged liable on the basis that personal benefit was improperly received by
him or her, whether or not involving action in his or her official capacity. The Bylaws of the
Company provide for indemnification of officers and directors to the fullest extent permitted by
Georgia law. The Company's Articles of Incorporation also limit the potential personal monetary
liability of the members of the Company's Board of Directors to the Company or its stockholders for
certain breaches of their duty of care or other duties as a director.
The Company maintains (i) director and officer liability insurance that provides for
indemnification of the directors and officers of the Company and of its majority-owned
subsidiaries, and (ii) company reimbursement insurance that provides for indemnification of the
Company and its majority-owned subsidiaries in those instances where the Company and/or its
majority-owned subsidiaries indemnified its directors and officers.
Item 7.   Exemption from Registration Claimed.
Not applicable.
Item 8.   Exhibits.
The following is a list of exhibits filed or incorporated by reference as part of this
Registration Statement.
5.1
Opinion of Joey M. Loudermilk, General Counsel of Aflac.
15.1
Letter from KPMG LLP regarding unaudited interim financial information.
23.1
Consent of KPMG LLP, Independent Registered Public Accounting Firm.
23.2
Consent of Joey M. Loudermilk, General Counsel of Aflac (included in opinion filed
as Exhibit 5.1 hereto).
24.1
Powers of Attorney (included on the signature page of this Registration Statement).
99.1
Aflac Incorporated Executive Deferred Compensation Plan, as amended and restated,
effective January 1, 2009 - incorporated herein by reference to 2008 Form 10-K,
Exhibit 10.9 (File No. 001-07434).
99.2
First Amendment to the Aflac Incorporated Executive Deferred
Compensation Plan dated June 1, 2009 - incorporated herein by
reference to Form 10-Q for June 30, 2009, Exhibit 10.4 (File No. 001-07434).
Item 9.   Undertakings.
Aflac hereby undertakes:
(a) (1)
To file, during any period in which offers or sales are being made, a post-effective amendment
to the registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii) to reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the
registration statement.
4
Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement; and
(iii) to include any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8 and the information required to be included
in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of
the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2) That, for the purposes of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b)
That, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such
issue.
5
SIGNATURES
The Registrant.
Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Columbus, state of Georgia, on this
11
th
day of August, 2009.
Aflac Incorporated
By:
/s/
Daniel P. Amos
Name:
Daniel P. Amos
Title: Chief Executive Officer and
Chairman of the
Board of Directors
SIGNATURES AND POWER OF ATTORNEY
We, the undersigned officers and directors of Aflac Incorporated, hereby severally constitute
and appoint Joey M. Loudermilk and Kriss Cloninger III, and each of them the lawful attorneys and
agents, with full power of substitution and authority, to sign for us and in our names in the
capacities indicated below, the Registration Statement on Form S-8 filed herewith and any and all
pre-effective and post-effective amendments to said Registration Statement, and generally to do all
such things in our names and on our behalf in our capacities as officers and directors to enable
Aflac Incorporated to comply with the provisions of the Securities Act of 1933, as amended, and all
rules, regulations and requirements of the Securities and Exchange Commission, hereby ratifying and
confirming our signatures as they may be signed by either of said attorneys to said Registration
Statement and any and all amendments thereto as may be necessary or desirable, including, but
without limiting the generality of the foregoing, the power and authority to sign the name of Aflac
Incorporated in the names of the undersigned directors and officers in the capacities indicated
below to all such registration statements, amendments or post-effective amendments thereto.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities and on the date indicated.
/s/
Daniel P. Amos
Chief Executive Officer and Chairman of the
August 11, 2009
Daniel P. Amos
Board of Directors
6
/s/
Kriss Cloninger III
President, Chief Financial Officer,
August 11, 2009
Kriss Cloninger III
Treasurer and Director
/s/
Ralph A. Rogers, Jr.
Senior Vice President, Financial Services;
August 11, 2009
Ralph A. Rogers, Jr.
Chief Accounting Officer
/s/
John Shelby Amos II
Director
August 11, 2009
John Shelby Amos II
/s/
Paul S. Amos II
Director
August 11, 2009
Paul S. Amos II
Director
August 11, 2009
Yoshiro Aoki
/s/
Michael H. Armacost
Director
August 11, 2009
Michael H. Armacost
/s/
Joe Frank Harris
Director
August 11, 2009
Joe Frank Harris
/s/
Elizabeth J. Hudson
Director
August 11, 2009
Elizabeth J. Hudson
/s/
Kenneth S. Janke Sr.
Director
August 11, 2009
Kenneth S. Janke Sr.
/s/
Douglas W. Johnson
Director
August 11, 2009
Douglas W. Johnson
/s/
Robert B. Johnson
Director
August 11, 2009
Robert B. Johnson
/s/
Charles B. Knapp
Director
August 11, 2009
Charles B. Knapp
/s/
E. Stephen Purdom
Director
August 11, 2009
E. Stephen Purdom
/s/
Barbara K. Rimer, Dr. PH
Director
August 11, 2009
Barbara K. Rimer, Dr. PH
/s/
Marvin R. Schuster
Director
August 11, 2009
Marvin R. Schuster
7
/s/
David Gary Thompson
Director
August 11, 2009
David Gary Thompson
/s/
Robert L. Wright
Director
August 11, 2009
Robert L. Wright
8
EXHIBIT INDEX
5.1
Opinion of Joey M. Loudermilk, General Counsel of Aflac.
15.1
Letter from KPMG LLP regarding unaudited interim financial information.
23.1
Consent of KPMG LLP, Independent Registered Public Accounting Firm.
23.2
Consent of Joey M. Loudermilk, General Counsel of Aflac (included in opinion filed
as Exhibit 5.1 hereto).
24.1
Powers of Attorney (included on the signature page of this Registration Statement).
99.1
Aflac Incorporated Executive Deferred Compensation Plan, as amended and restated,
effective January 1, 2009 - incorporated herein by reference to 2008 Form 10-K,
Exhibit 10.9 (File No. 001-07434).
99.2
First Amendment to the Aflac Incorporated Executive Deferred
Compensation Plan dated June 1, 2009 - incorporated herein by
reference to Form 10-Q for June 30, 2009, Exhibit 10.4 (File No. 001-07434).
9