BIRMINGHAM, Ala., Sept. 9 /PRNewswire-FirstCall/ -- Torchmark Corporation
(NYSE: TMK) subsidiary United American provided additional information today
regarding its announcement September 7, 2005, that United American has
received Medicare Part D Prescription Drug plans approval from the Centers for
Medicare and Medicaid Service (CMS), as follows: CMS has not yet extended an
approved Part D sponsor's contract to United American which will grant United
American the right to market its Part D prescription drug plans. CMS is
expected to grant contracts to approved sponsors later this month.
Torchmark Corporation is a holding company specializing in life and
supplemental health insurance for "middle income" Americans marketed through
multiple distribution channels including direct response, and exclusive and
independent agencies. Torchmark has several nationally recognized insurance
subsidiaries. Globe Life And Accident is a direct-response provider of life
insurance known for its administrative efficiencies. American Income Life
provides individual life insurance to labor union members. Liberty National
Life, one of the oldest traditional life insurers in the Southeast, is the
largest life insurer in its home state of Alabama. United American has been a
provider of Medicare supplement health insurance since 1966.
This press release may contain forward-looking statements within the
meaning of the federal securities laws. These prospective statements reflect
management's current expectations, but are not guarantees of future
performance. Accordingly, please refer to Torchmark's cautionary statement
regarding forward-looking statements, and the business environment in which
the Company operates, contained in the Company's Form 10-K for the period
ended December 31, 2004, and subsequent Forms 10-Q, on file with the
Securities and Exchange Commission, and on the Company's web site at
http://www.torchmarkcorp.com on the Investor Relations page. Torchmark
specifically disclaims any obligation to update or revise any forward-looking
statement because of new information, future developments or otherwise.
SOURCE Torchmark Corporation
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Related links:
http://www.torchmarkcorp.com
Company News On-Call:
http://www.prnewswire.com/comp/885425.html
CONTACT:
Joyce Lane, Vice President, Investor
Relations of Torchmark Corporation, +1-972-569-3627, or fax,
+1-972-569-3282, or jlane@torchmarkcorp.com
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