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NOTICE OF 2015 ANNUAL MEETING OF SHAREHOLDERS

The Annual Meeting of Shareholders of Aflac Incorporated (the “Company”) will be held on Monday, May 4, 2015, at

10:00 a.m. at the Columbus Museum (in the Patrick Theatre), 1251 Wynnton Road, Columbus, Georgia, for the following

purposes, all of which are described in the accompanying Proxy Statement:

The accompanying proxy is solicited by the Board of Directors (the “Board”) of the Company. The Proxy Statement and

the Company’s 2014 Year in Review and Annual Report on Form 10-K for the year ended December 31, 2014 (together,

the “Annual Report”) are enclosed.

The record date for the determination of shareholders entitled to vote at the Annual Meeting is February 25, 2015, and

only shareholders of record at the close of business on that date will be entitled to vote at the Annual Meeting and any

adjournment thereof.

YOUR VOTE IS IMPORTANT! WHETHER OR NOT YOU EXPECT TO BE PRESENT AT THE ANNUAL MEETING,

PLEASE VOTE AS PROMPTLY AS POSSIBLE SO THAT WE MAY BE ASSURED OF A QUORUM TO TRANSACT

BUSINESS. YOU MAY VOTE BY USING THE INTERNET OR TELEPHONE, OR BY SIGNING, DATING AND

RETURNING THE PROXY MAILED TO THOSE WHO RECEIVE PAPER COPIES OF THIS PROXY STATEMENT. IF

YOU ATTEND THE ANNUAL MEETING, YOU MAY REVOKE YOUR PROXY AND VOTE IN PERSON.

By order of the Board of Directors,

Columbus, Georgia

J. Matthew Loudermilk

March 19, 2015

Secretary

*Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on

May 4, 2015. This Proxy Statement and the Annual Report are available at proxyvote.com.

1. to elect 13 Directors of the Company to serve until the next Annual Meeting and until their successors are

duly elected and qualified;

2. to consider the following non-binding advisory proposal:

"Resolved, that the shareholders approve the compensation of the Company's named executive officers,

pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including

as disclosed in the Compensation Discussion and Analysis, executive compensation tables and

accompanying narrative discussion in the Proxy Statement;"

3. to consider and act upon the ratification of the appointment of KPMG LLP as independent registered public

accounting firm of the Company for the year ending December 31, 2015; and

4. to transact such other business as may properly come before the meeting and at any adjournments or

postponements of the meeting.

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