Dividend Declaration

    Torchmark Declares Dividend 
 
    BIRMINGHAM, Ala., Oct. 27 -- The Board of Directors 
of Torchmark Corporation (NYSE: TMK) has declared a quarterly dividend of  
$.11 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 January 
7, 2004.  This dividend will be paid on January 30, 2004. 
    Torchmark Corporation is an insurance 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 
    -0-                             10/27/2003 
    /CONTACT:  Joyce Lane, Vice President, Investor Relations of Torchmark 
Corporation, [phone], or fax, [phone], or 
[e-mail] / 
    /Company News On-Call:  http://www.prnewswire.com/comp/885425.html / 
    /Web site:  http://www.torchmarkcorp.com / 
    (TMK) 
 
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