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AFLAC INCORPORATED AND CIGNA GROUP INSURANCE ENTER JOINT MARKETING AGREEMENT FOR LTD

 COLUMBUS, Ga., Dec. 8 /PRNewswire/ -- AFLAC Incorporated (NYSE: AFL) and CIGNA Group Insurance today announced a joint marketing agreement in which group long-term disability products designed in conjunction with CIGNA will be marketed under the AFLAC name.
 The agreement between American Family Life Assurance Company of Columbus (AFLAC) and Life Insurance Company of North America, the underwriting company for CIGNA Group Insurance, will allow AFLAC to market the disability products beginning in early 1994.
 The plan would use AFLAC's extensive U.S. distribution network of more than 28,000 sales associates to market long-term disability (LTD) products to approximately 100,000 payroll accounts. CIGNA will provide the pricing, product design, underwriting and claim service expertise for the products, which will include employer-paid LTD and employee- paid, voluntary LTD plans.
 AFLAC's Executive Vice President, U.S. Operations, H.B. Pennington stated, "The marketing agreement we are entering with CIGNA is in furtherance of our overall corporate strategy of enhancing our distribution system and expanding our product line."
 "Disability is a risk facing employees in all size firms. As a leader in disability insurance, we are actively looking for ways to expand the availability of disability insurance to meet this risk," said John K. Leonard, president of CIGNA Group Insurance. "This agreement will give AFLAC and CIGNA a way to reach smaller companies, which have not had access to this vital coverage."
 AFLAC is a world leader in supplemental insurance. With assets of over $15 billion, it insures over 38 million people worldwide. Its primary operations are in the U.S. and Japan. AFLAC is the principal subsidiary of AFLAC Incorporated, an international holding company.
 CIGNA Group Insurance is a leading provider of group disability insurance, the industry leader in group accident insurance, and one of the fastest-growing providers of group life insurance. CIGNA businesses rank among the largest health care, insurance and financial services organizations in the United States, and also include one of the largest U.S.-based international insurance organizations. CIGNA Corporation (NYSE: CI) has consolidated assets of approximately $80 billion and shareholders' equity of approximately $5.6 billion.
 -0- 12/8/93
 /CONTACT: Kathelen Spencer, senior vice president, director of Public Relations, AFLAC Incorporated, 706-596-3789, or James Ely, director of Business Communications, CIGNA Corporation, 215-761-4759; Analyst Contact: Kenneth S. Janke Jr., senior vice president, Investor Relations, AFLAC Incorporated, 800-235-2667 or, fax, 706-324-6330/
 (AFL CI)


CO: AFLAC Incorporated; CIGNA Group Insurance ST: Georgia IN: INS SU:

BN-BR -- AT004 -- 1665 12/08/93 09:58 EST
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Publication:PR Newswire
Date:Dec 8, 1993
Words:416
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