Item 1.01 Entry into a Material Definitive Agreement.

On December 31, 2008, AILIC Receivables Corporation (ARC), American Income Life Insurance Company (AIL) and TMK Re, Ltd. (TMK Re), all direct or indirect wholly-owned subsidiaries of Torchmark Corporation, entered into a Receivables Purchase Agreement dated as of December 31, 2008 among ARC, AIL and TMK Re (the RP Agreement). Pursuant to the RP Agreement, TMK Re, as purchaser, will acquire from ARC, as seller, certain qualified agent debt balances and other obligations of AIL insurance agents (Receivables) in an amount not to exceed $125,000,000. AIL will serve as servicer of the Receivables, which shall have been previously purchased from AIL by ARC pursuant to the Receivables Sale Agreement dated as of December 21, 1999, as amended and restated as of March 31, 2000 between AIL and ARC. The RP Agreement has a term expiring December 31, 2013, unless ARC, AIL and TMK Re shall have unanimously agreed upon 90 days written notice to an earlier termination date. The RP Agreement replaces that Receivables Purchase Agreement dated as of December 21, 1999, as amended and restated as of March 31, 2000 among ARC, AIL, Chariot Funding LLC, certain financial institutions and JP Morgan Chase Bank, National Association and the amendments thereto, which expired by its own terms.