UNUMPROVIDENT CORPORATION TO PRESENT AT THE KEEFE, BRUYETTE & WOODS 2006 INSURANCE CONFERENCE

CHATTANOOGA, Tenn. (Aug. 21, 2006) – UnumProvident Corporation (NYSE: UNM) announced today that it will present at the Keefe, Bruyette & Woods Insurance Conference on Sept. 7, 2006. Mr. Thomas R. Watjen, president and chief executive officer and Mr. Joseph Zubretsky, senior executive vice president, finance, investment, and corporate development, will represent UnumProvident and are scheduled to speak at 2:30 p.m. (Eastern).

There will also be a live audio webcast of the presentation at http://www.kbw.com/news/conferenceInsurance2006.html. This webcast will be archived for 60 days.

During UnumProvident's presentation, Mr. Watjen and Mr. Zubretsky will focus on the Company's general business strategy and future growth opportunities.

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About UnumProvident
UnumProvident (UNM) is the largest provider of group and individual disability income protection insurance in the United States and United Kingdom. Through its subsidiaries, UnumProvident Corporation insures more than 25 million people and paid $6 billion in total benefits to customers in 2005. With primary offices in Chattanooga, Tenn., and Portland, Maine, the company employs more than 11,000 people worldwide. For more information, visit www.unumprovident.com.

Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding UnumProvident Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.