EXHIBIT 10

April 19, 1996

     
Mr. John D. Hopkins
Executive Vice President
  and General Counsel
Jefferson-Pilot Life Insurance
P.O. Box 21008
Greensboro, NC  27420
     
Re:  Employment Contract
     
Dear John:
     
As of April 18, 1996, your three-year employment contract with Jefferson-
Pilot Corporation expires.  This letter will serve as a new agreement for
an additional three-year period beginning April 19, 1996. The terms and
conditions are outlined below.
     
1.  Title:  Executive Vice President for JP Life and Senior Vice President
            for JP Corporation.
     
2.  Report/Duties:  You will devote your full time to all legal activities
            and legal staff (SEC, Corporate Secretary, EEO, Tax, Investments,
            Insurance, Acquisitions, etc.)

3.   Compensation:

     a.  Base Salary:    Of $312,000 per annum subject to annual review for
                         increases.
     
     b.  Annual Bonus:   Consistent with plan for key employees.
     
     c.  Stock Options:  You will continue to be eligible for annual stock
                         option recommendations contingent upon satisfactory
                         performance.  Options awarded will usually vest over
                         a three-year period, but will become fully vested
                         upon completion of the three-year employment period
                         contemplated by this agreement.

This agreement is subject to final review and approval by the Jefferson-Pilot
Corporation Board Compensation Committee.  If you agree with the above outlined
terms and conditions please sign the original and return it to me at your
earliest convenience.  In consideration of your acceptance of this agreement,
you will be awarded stock options of 7,500 shares as of April 19, 1996 which
will become immediately vested.
     
Sincerely,

/s/ David A. Stonecipher

     

I hereby accept the terms outlined above.
     
/s/ John D. Hopkins