NON-EMPLOYEE DIRECTOR STOCK OPTION AGREEMENT (NON-QUALIFYING STOCK OPTION) AFLAC INCORPORATED Columbus, Georgia 31999 (Hereinafter called "the Company") Name

Pursuant to Section 12 of the 2004 Aflac Incorporated Long-Term Incentive Plan (as Amended and Restated March 14, 2012) (the “Plan”), originally adopted by the Company's Board of Directors on February 10, 2004, and originally approved by the shareholders of the Company on May 3, 2004, «Name» (the "Grantee") is hereby granted by action of the Board of Directors an option (the "Option") to purchase «shares» shares (the "Option Shares") of common stock of the Company, par value $0.10 per share ("Company Stock"), at the price of «price» per share, subject to the terms and conditions of this Stock Option Agreement (this "Agreement") and subject to the terms of the Plan.

5.    Exercisability and Duration of the Option.

(a)    Right to Exercise. This Option shall vest and become exercisable with respect to twenty-five percent (25%) of the Option Shares upon the first anniversary of the Date of Grant, and an additional twenty-five percent (25%) of the Option Shares on each of the next three anniversaries of the date of grant; provided however, that upon the Grantee's cessation of service by reason of death, disability or, provided the participant has completed at least one full year of vesting service following the date of this Stock Option Agreement, retirement (i.e., the cessation of membership on the Board of Directors as of the date of the first annual Shareholders' meeting of the Company on or after the date Grantee attains age 75 and is no longer eligible to stand for reelection as per the By-laws

of the Company) this Option to the extent not then exercisable (unvested), shall become immediately exercisable (vested), and shall remain exercisable until the Expiration Date.

(b)    Duration of the Option. Upon the cessation of the Grantee's membership on the Board of Directors for any reason except death, disability or retirement as described above, this Option, to the extent not then exercisable, shall expire, and to the extent then exercisable, shall remain exercisable until the Expiration Date. Upon the Grantee's cessation of service by reason of death, disability or, provided the Grantee has completed at least one full year of vesting service following the date of this Stock Option Agreement, retirement (i.e., the cessation of membership on the Board of Directors as of the date of the first annual Shareholders' meeting of the Company on or after the date the Grantee attains age 75 and is no longer eligible to stand for reelection as per the By-laws of the Company) this Option to the extent not then exercisable (unvested), shall become immediately exercisable (vested), and shall remain exercisable until the Expiration Date.

(c)    Method of Exercise. To exercise the Option as to all or any part of the Option Shares with respect to which the Option is vested and exercisable, the Grantee (or after the Grantee's death, the person authorized to exercise the Option as provided in Section 20 of the Plan) shall deliver written notice of such exercise to the Company official designated by the Committee (or, in absence of such designation, the Secretary of the Company). The notice shall be in such form as the Committee may require from time to time and identify the number of Option Shares with respect to which the Option is being exercised, provided that the Option may not be exercised for a fraction of an Option Share. The date of receipt of such notice shall be deemed the date of exercise. If someone other than the Grantee exercises the Option, then such person must submit documentation reasonably acceptable to the Company verifying that such person has the legal right to exercise the Option.

(d)    Payment. Payment in full of the purchase price for the Option Shares purchased pursuant to the exercise of the Option shall be made upon exercise of the Option in accordance with Section 7(c)(iii) of the Plan in cash or by tender of previously held Company Stock with a Fair Market Value as of the date of exercise equal to the exercise price, in each case under procedures established by the Committee pursuant to Section 7(c)(iii) of the Plan.

(e)    Delivery of Option Shares. The Secretary of the Company shall have full authority to direct the proper officers of the Company to issue or transfer shares of Company Stock pursuant to the exercise of the Option. As soon as practicable after its receipt of such notice and payment, the Company shall cause the shares so purchased to be issued to the Grantee or to the person authorized to exercise the Option after the Grantee's death, as the case may be, and shall promptly thereafter cause one or more certificates for such shares to be delivered to the Grantee or other person.

the Option, the Grantee, upon purchasing the Option Shares shall be required to represent to the Company that the Grantee is acquiring such shares for investment purposes and not with a view to their sale or distribution, and each certificate for such shares shall have printed or stamped thereon appropriate language, as determined by the Secretary of the Company. The Secretary of the Company may, in his or her discretion, require the Grantee, as a condition to the Company's obligation to deliver Option Shares hereunder, take such action as is necessary or advisable to ensure that issuance of the Option Shares will be in compliance with applicable law.

Acknowledgment:

The Grantee acknowledges by his or her signature on the attached Notice of Grant of Stock Options and Stock Option Agreement that the Grantee has received a copy of the 2004 Aflac Incorporated Long-Term Incentive Plan (as Amended and Restated March 14, 2012), has read the same, and is familiar with its provisions and understands and agrees that they, as well as the terms stated herein and upon the attached notice, are part of this Stock Option Agreement.