ITEM 8.01 Other Events.
On July 24, 2009, Aflac Incorporated executed a loan with a leading Japanese financial institution totaling 10 billion yen, or approximately $105 million at the current exchange rate. Interest on the loan will be paid semiannually at 3.60%, and the loan will mature on July 24, 2015. This issuance is only redeemable prior to maturity upon the occurrence of a tax event as specified in the loan agreement. Aflac anticipates that it will use the net proceeds of the yen-denominated loan for the repayment of debt which matures in 2010.

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