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COLUMBUS, Ga., July 3, 2014 /PRNewswire/ -- Paul S. Amos, who with his two brothers founded Aflac Incorporated (AFL) nearly six decades ago, passed away late Wednesday night after a lengthy illness. He was 88 years old.

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Amos, who continued to make daily visits to Aflac's offices in Columbus, Ga., and served as Chairman Emeritus, was beloved by the insurer's more than 8,000 employees and 185,000 agents worldwide.   He was known affectionately throughout the company as "Mr. Paul."

Amos was raised in Enterprise, Ala. and Milton, Fla. He and his wife, the former Jean Roberts, met in church when she was just 17 years old and celebrated their 65th wedding anniversary in October of last year. The couple's only child, Daniel P. Amos, is Aflac's current chairman and CEO.

During his long tenure at Aflac, Mr. Amos held numerous positions, both at corporate headquarters and as a hands-on member of the sales force. He served as state sales manager for Alabama/West Florida, first vice president/director of marketing, president, vice chairman and chairman. Although he retired in 2001, he remained a familiar figure at Aflac and loved to be among the employees and sales team members who continued the company's legacy.  

Amos' contributions to Aflac are too numerous to mention, but among his greatest achievements was introducing the concept of "worksite marketing," in which products are sold directly to employees at companies through payroll deductions. Today, policies sold at worksites throughout the nation account for 97 percent of Aflac U.S. sales.

"My father was a consummate businessman who led with compassion and dignity," said Dan Amos. "He was a straight-shooter who believed in the simple tenets of honesty and integrity. He was a gentleman, as well as a gentle man."

The Amos brothers founded Aflac in 1955 and, in its first year of business, the company had 6,426 policyholders and $388,000 in assets. Today, it is a Fortune 500 company with more than $121 billion in assets and insures more than 50 million people worldwide. Aflac is the leading provider of supplemental insurance products and pays cash directly to policyholders to use as needed.  

In addition to helping build the world's largest supplemental insurance company, Amos established a quiet history of philanthropy and community service.  Through anonymous donations and the endowment of educational funds and scholarship programs, he and Jean touched thousands of lives with major financial commitments. 

Their efforts included the Paul and Jean Amos Educational Fund at Asbury Theological Seminary in Wilmore, Ky.; the Paul S. Amos Family Foundation at Columbus State University in Columbus, Ga.; the Scholarship Fund at Cumberland College in Williamsburg, Ky.; and many unheralded contributions to those in need.

Amos received an Honorary Doctor of Laws Degree from Cumberland College in May 2001. Columbus State University honored him with an Honorary Doctor of Humane Letters Degree in May 2002. In 2004, Amos received an Honorary Doctor of Humane Letters from Asbury Theological Seminary.

Amos is survived by his wife, Jean; their son Daniel P. Amos and his wife Kathelen; two grandchildren, Lauren Amos and her husband Tyler Clayton, and Paul S. Amos II and his wife, Courtney; and four great-grandchildren, Dan Amos, Mansell Amos, Knox Amos and Eden Amos.

Funeral services will be held at St. Luke United Methodist Church in Columbus, GA at 3:00 PM on Saturday, July 5th. It will be preceded by public visitation beginning at 2:00 PM at the St. Luke United Methodist Church Ministry Center. There will be a private burial service following the funeral. In lieu of flowers, however, the family asks that contributions in his memory be made to the Aflac Cancer and Blood Disorder Center in Atlanta or St. Luke United Methodist Church in Columbus.

To view or download a video celebrating the life of Mr. Paul S. Amos in MOV format please click here.

To view or download in WMV format please click here.

About Aflac

When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than 55 years, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the number one provider of guaranteed-renewable insurance. In Japan, Aflac is the number one life insurance company in terms of individual policies in force. Aflac individual and group insurance products provide protection to more than 50 million people worldwide. For seven consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2013, FORTUNE magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 15th consecutive year. Also, FORTUNE magazine included Aflac on its list of Most Admired Companies for the 13th time in 2013. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac, visit aflac.com or espanol.aflac.com.

Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York.

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Media contact Jon Sullivan, 706.573.7610 or jsullivan@aflac.com 
Analyst and investor contact Robin Y. Wilkey, 706.596.3264 or 800.235.2667, FAX: 706.324.6330, or rwilkey@aflac.com

SOURCE Aflac

Comments (7)
  • positivethoughts
    , contributor
    Comments (1812) | Send Message
     
    Must have employed many Chinese if everyone referred to him as Mr. Paul.

     

    Aflac is not being properly run from the top down. Why has Aflac refocused on investing in JGBs. I know they have the currency issue and investing in JGBs avoids that, but still, what a bad place to park monies, nonetheless.
  • Expat in Tokyo
    , contributor
    Comments (60) | Send Message
     
    Positivethoughts,

     

    My hat is off to a great American businessman! We need more entrepreneurs like Mr. Paul and his brothers.

     

    AFL liabilities are in Yen for their policies in Japan. Japan requires insurance companies to maintain adequate reserves in conservative investments - not stocks! Just like the US states do.

     

    AFL has some wiggle room on what Yen denominated products they purchase - but not much - and AFL needs to match reserves with liabilities. I do not think they have many options besides JGB. They re not refocusing on JGBs they are aligning liabilities and reserves.

     

    Thanks!

     

    Expat
  • Kingkang
    , contributor
    Comments (137) | Send Message
     
    Sad moment in the history of Aflac. A great leader and man.
  • cross
    , contributor
    Comments (854) | Send Message
     
    I can only comment from the perspective of having been a 25 years shareholder in AFL. He was smart, he seemed honest, he taught his son well and I have greatly prospered as a result. I'm sad to hear of his passing.
  • positivethoughts
    , contributor
    Comments (1812) | Send Message
     
    Why are people sad about the peaceful passing of an 88 year old man? Would you rather he get older, become sick, suffer from illness, but live to 100? Also, if there were no death, life on earth - being endless - would be a punishment and not a gift. Death is good. It is just as necessary as life. Without death, nothing comes to an end.

     

    Can you imagine waking up every day and having to deal with a new Obama?
  • cross
    , contributor
    Comments (854) | Send Message
     
    you're right 'positivethoughts' it's good he's dead.
    Maybe I'll try some of your 'positive thinking' and you'll be dead too!!!
  • positivethoughts
    , contributor
    Comments (1812) | Send Message
     
    Go to a nursing home one day and see how 'happy' the average 90 year old is.

     

    Then think to yourself....what if I was stuck on earth, forever? And death never came?

     

    Death is a good and expected outcome for people - from natural causes, of course.