Exhibit 10

   April 11, 1997


   Ms. Theresa M. Stone
   Chubb Life Insurance Company of America
   One Granite Place
   Concord, New Hampshire 03301
   
   Dear Terry:
   
   Contingent upon the closing of the Chubb Life of America acquisition, I am
   pleased to offer you the opportunity to join Jefferson-Pilot to head our
   Communications Operations.  This letter will constitute a three year
   agreement, the terms of which are outlined below. This is a very exciting
   time for all of us and a great opportunity for us as we move forward.
   
     1.   Starting Date:  Upon closing.
   
     2.   Title:  Executive Vice President - Jefferson-Pilot Corporation and
                  President - Jefferson-Pilot Communications.
   
     3.   Report/Duties:  You will report to me and be responsible for all of
                 Jefferson-Pilot's communications activities and operations.
   
     4.   Compensation:  
         
           A.  Base Salary:  $350,000 per year subject to annual review or
                  increases.
   
           B.  Annual Bonus: You will participate in the Jefferson-Pilot
                  Communications plan consistent with key employees with a
                  range of:
           
                    16% for threshold/minimum performance
                    32% for target performance
                    48% for superior/maximum performance
   
           I have discretion provided by the Board Compensation Committee to
           increase the superior award by 50% based on individual performance.
   
           
   
           You will be guaranteed a minimum bonus of $100,000 for the year 1997
           payable in 1998. In addition, you will participate in the Company's
           Long Term Incentive Plan.
   
           C.   Stock Option:  The following options will be awarded assuming
           continued performance at target levels and contingent upon approval
           by the Jefferson-Pilot Board Compensation Committee.  Options are
           normally awarded in February of each year and vest over a three year
           period.
   
                    1998 (for calendar year 1997) - 20,000 shares
                    1999 - 20,000 shares
   
   This agreement is subject to final review and approval by the Jefferson-
   Pilot Corporation 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.
   
   Terry, I am very pleased with your willingness and excitement to join
   this new organization, and bringing your skills to bear as we pursue
   the many challenges and opportunities ahead.  Best regards.
   
   Sincerely,

   /s/ David Stonecipher

   David A. Stonecipher
   
   I hereby accept the terms outlined above.
   
    /s/ Theresa M. Stone                 April 30, 1997
   _____________________________     __________________________
    Theresa M. Stone                           (Date)