Torchmark Corporation Declares Dividend and Elects Chairman of Insurance 
                                  Operations 
 
    BIRMINGHAM, Ala., Feb. 27 -- The Board of Directors 
of Torchmark Corporation (NYSE: TMK) has 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 April 3, 
2003.  This dividend will be paid on May 1, 2003. 
    Torchmark also announced today that Mark S. McAndrew, 49, has been elected 
Chairman of Insurance Operations of Torchmark Corporation.  At the time of his 
promotion, Mr. McAndrew was Executive Vice President of Torchmark.  Elected to 
the Torchmark Board of Directors in 1998, he is also Chairman and CEO of 
Torchmark subsidiaries American Income Life Insurance Company, Waco, Texas; 
Globe Life And Accident Insurance Company, Oklahoma City; and United American 
Insurance Company, McKinney, Texas.  Mr. McAndrew has been with Torchmark 
since 1980. 
    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 
    -0-                             02/27/2003 
    /CONTACT:  Joyce Lane, Vice President, Investor Relations of Torchmark 
Corporation, +1-972-569-3627, or fax, +1-972-569-3696, or 
jlane@torchmarkcorp.com / 

    /Company News On-Call:  http://www.prnewswire.com/comp/885425.html / 
    /Web site:  http://www.torchmarkcorp.com / 
    (TMK) 
 
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