Financial Industries Corp.

John D. Barnett, 65, has been a director of FIC since July 1991. He has served on several committees of the Board, including the Audit Committee. He currently serves on the Investment Committee and the Nominations/Governance Committee. He is Senior Vice President-Investments of Investment Professionals, Inc., a broker-dealer located in San Antonio, Texas. He has been with Investment Professionals since 1996. From February 1999 to July 2003 he was a principal in that firm and headed its Fixed Income Division. Previously, from 1983 to 1996, Mr. Barnett was associated with Prudential Securities, Inc., where he served both institutional and individual clients. At the time he left Prudential, he was First Vice President-Investments. He has completed the NASD registered principal and investment advisor examination requirements and holds life and health insurance and variable annuity licenses. Mr. Barnett is a director of a non-profit organization. He is a graduate of Howard Payne University and earned an M.A. degree from Texas State University.

Kenneth S. Shifrin has been our Chairman of the Board since March 1990. Mr. Shifrin has been our Chief Executive Officer since March 1989 and he was our President from March 1989 until April 2007. He was also our Chief Operating Officer from June 1987 to February 1989, and has been a member of the Board of Directors since February 1987. From February 1985 until June 1987, Mr. Shifrin served as our Senior Vice President - Finance and Treasurer. He is a member of the World Presidents Organization.

Ms. McDaniel obtained her law degree at Mississippi College. She also obtained her undergraduate degree from Mississippi College where she graduated Summa Cum Laude and was on the Dean's List each semester. Ms. McDaniel is a member of the State Bar of Texas and the State Bar of California.