Donald L. Barnes

Vice Chairman of the Board of Directors / Chief Executive Officer and President of Presidential Life Corporation (the “Company”) and Presidential Life Insurance Company (the “Insurance Company”)

Donald L. Barnes has served as the President and Chief Executive Officer of the Company and Chief Executive Officer of the Insurance Company since May 12, 2009. He has been a director of the Company since 2004 and has been Vice Chairman of the Board of Directors of the Insurance Company since 2005. Mr. Barnes has served as President of the Insurance Company since 2000 and has been a director of the Insurance Company since May 1997. Mr. Barnes served as Senior Vice President of the Insurance Company from 1995 to 1999 and as Executive Vice President from 1999 to 2000. Prior to that, Mr. Barnes had served as President of Franklin United Life Insurance Company for more than five years. Mr. Barnes has extensive leadership experience with the Company and the Insurance Company. As such, he is fully familiar with the business of the Company and the Insurance Company. Mr. Barnes was selected by his peers in the insurance industry to serve as a director of the Life Insurance Council of New York, effective January 1, 2010.

John D. McMahon

Director, Independent Chairman of the Board

John D. McMahon joined the Board of Directors in October 2008 and became the Independent Chairman of the Board in August 2011. He was Chairman of the Compensation Committee from August 2010 until June 2011. And he was Chairman of the Nominating Committee from March 2009 to June 2011. He has been a member of the board of directors of the Insurance Company since May 2009. Mr. McMahon is currently retired. He was executive vice-president of Con Edison from February 2009 until January 31, 2011. From January 2003 to February 2009, he was president and CEO of Orange and Rockland Utilities. Prior to that he was senior vice-president and general counsel of Con Edison. Mr. McMahon holds degrees from Manhattan College and New York Law School and has completed the Advanced Management Programs at Harvard Business School and Wharton Business School. He is a director of the Fresh Air Fund and New York Law School. Mr. McMahon’s background with Con Edison and Orange and Rockland Utilities gives him insight into legal, regulatory, managerial, operational and corporate governance issues.

Dominic F. D’Adamo

Director

Dominic F. D’Adamo was elected to the Company's Board in August 2011 and served as Executive Vice President, Chief Financial Officer and Treasurer of the Company and the Insurance Company from December 2009 until June 2010. Mr. D’Adamo has served on the Board of the Insurance Company since January 2010. Mr. D’Adamo was Senior Vice President of Finance at EmblemHealth Inc. from 2003 to 2008. He was Managing Director & Corporate Controller of Marsh Inc. from 1976 to 2003. Prior to that, Mr. D’Adamo held various positions at Arthur Anderson & Co. from 1968 to 1976. Mr. D’Adamo has a M.B.A. and a B.B.A. from Baruch College of the City University of New York. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants (“AICPA”). Mr. D’Adamo also served as a member of the AICPA Insurance Agents & Brokers Task Force. Mr. D’Adamo is a member of Financial Executives International (“FEI”) and has served as a member of the FEI National Leadership Board of Directors, as well as President of the New York City chapter. Mr. D’Adamo also serves on the board of directors and as Chairman of the Finance Committee of Sports Angels, Inc., a non-profit corporation, and the board of governors and as Chairman of the Finance Committee of the Rockland Country Club, and has served as a Vice Chairman of Nyack Hospital. His past experience as an officer of the Company and Insurance Company gives him insight into the Company’s and Insurance Company’s finances and strategies. His financial and insurance background gives him valuable insight into the Company’s operations and strategic and regulatory issues.

William A. DeMilt

Director, Chairman of Audit Committee

William A. DeMilt joined the Board of Directors in October 2008 and became Chairman of the Audit Committee in August 2011. He was the Chairman of Finance & Investment Committee from August 2010 until August 2011. He has been a member of the board of directors of the Insurance Company since May 2009. From 2004 until his retirement in 2007 he was the Chief Financial Officer of the United Way of New York City. Prior to that he was Executive Vice President of Mutual of America Life Insurance Company of New York, which he joined in 1986. At Mutual of America, he served in various capacities including Treasurer, Controller, Auditor, Real Estate Management and Corporate Services. Mr. DeMilt earned a BBA degree from St. John’s University, New York and is a Certified Public Accountant. He was a Director of St. Mary's Healthcare System for Children from 1989 through June 2011. His background in various financial positions with a New York regulated insurance company (Mutual of America Life Insurance Company) and as the former CFO of United Way of New York City gives him valuable financial and insurance company experience.

Ross B. Levin

Director

Ross B. Levin was elected to the Company’s Board in August 2011 and has been Director of Research at Arbiter Partners, an opportunistic private investment partnership, since July 2010, and was an Analyst there from June 2005 to July 2010. Arbiter Partners is a principal stockholder of the Company. From March 2009 to September 2009, Mr. Levin was a Trustee and a member of the Audit Committee at American Community Properties Trust, a real estate development company listed on the American Stock Exchange. From May 2004 to March 2005 Mr. Levin was a Land Broker for Hogan Group, Inc. Mr. Levin has been a member of the New York Society of Securities Analysts since 2006 and is a CFA charterholder. Mr. Levin has a Bachelor of Science in Management, with a Major in Finance, from the A.B. Freeman School of Business, Tulane University. His experience at Arbiter Partners gives him knowledge that will be helpful with respect to the Company’s investment portfolio and formulating the Company’s investment strategy.

Lawrence Read

Director, Chairman of Finance & Investment Committee

Lawrence Read has served as a director of the Company since 2005 and became Chairman of the Finance & Investment Committee in August 2011. He was Chairman of the Audit Committee from August 2010 until August 2011. He was a director of the Insurance Company from 2002 to 2005 and from May 2009 to date. Since 1986, Mr. Read has been the President and Chief Executive Officer of Lube Management Corp., which operates a chain of retail automotive centers throughout California and provides enterprise software systems for independently owned automotive oil service centers. Since 1999, Mr. Read has been President and Chairman of the board of directors of North American Lubricants Corporation, a passenger car motor oil manufacturer and reseller throughout the United States. He is also a former member of the board of directors of the Automotive Oil Change Association, an industry trade group which he founded in 1987. Due to his experience as President of two companies, Mr. Read is familiar with the management of large organizations, including employee relations, strategic planning and financial controls.

Lawrence Rivkin, Esq.

Director

Lawrence Rivkin has been a director of the Company since 1988 and a director of the Insurance Company since May 2009. Mr. Rivkin has served as of counsel to the law firm of Goldfarb & Fleece for more than five years and previously served as its managing partner. Since Mr. Rivkin has served as a director of the Company since 1988, he is fully familiar with the practices, procedures and business issues of the Company and the Insurance Company. Mr. Rivkin’s prior position as managing partner of Goldfarb & Fleece gives him leadership and management experience.

Stanley Rubin

Director, Chairman of the Nominating and Governance Committee

Stanley Rubin joined the Company's Board of Directors in May 2008 and is Chairman of the Nominating and Governance Committee since August 2010. He also served on the Board of Directors of the Company from May 2003 to February 2004. He has been a director of the Insurance Company from September 2000 to May 2008 and from May 2009 to date. He served as Executive Vice-President of the Company commencing in September 2000 and Chief Investment Officer of the Insurance Company commencing in November 1999 until his retirement in September 2003. Prior to that, Mr. Rubin served as Senior Vice President, Vice President and general analyst upon his joining the Insurance Company in 1986. Mr. Rubin worked for the National Association of Insurance Commissioners (“NAIC”) from 1971 to 1986. During his employment with NAIC, Mr. Rubin served as a security analyst and supervising security analyst in reviewing the credit quality of securities owned by state regulated insurance companies. This experience gives Mr. Rubin the background and experience in credit analysis, insurance company regulation, financial statements and analysis of insurance company portfolios. Further, Mr. Rubin’s past experience as Chief Investment Officer of the Insurance Company gives him insight into the financial markets and the portfolio and investment strategy of the Company and Insurance Company.

Frank A. Shepard

Director

Frank is the President at Alden Associates, beginning in September 2006 to Present. A company that specializes in advising Private Equity and Hedge Fund partnerships on Investor Relations, Fund Raising and Marketing. He was a Senior Vice President at M. R. Beal from December 2010 to September 2011. From September 2006 to June 2010, Mr. Shepard was a Marketing and Investor Relations Consultant at The Chart Group, a private merchant bank in New York, where he focused on investor relations, fundraising and marketing. From 2004 to 2006, Mr. Shepard was a Managing Director of Hamilton Lane Advisors, an alternative investment asset manager and advisor to pension funds investing in alternative assets. In 2001, Mr. Shepard was the Chief Financial Officer of Universal Process Equipment, Inc., a company that filed for reorganization under Chapter 11 of the Bankruptcy Code in 2000, and converted to Chapter 7 in 2002. After it converted, Mr. Shepard was hired by The CIT Group as an independent contractor to help in the liquidation. From 1998 to 2001, Mr. Shepard was a Managing Director of Utendahl Capital Partners, L.P., and led the effort to increase the firm’s participation in investment grade and high yield debt, convertible securities and equity transactions. Prior to 1998, Mr. Shepard held positions as a Managing Director and President at Hudson Knight Securities, Inc., a privately owned investment bank, and as a derivative products Senior Vice President at Lehman Brothers, Inc. Mr. Shepard has a B.S. in accounting from Bentley College and an M.B.A. from Columbia University Graduate School of Business. Mr. Shepard’s background gives him insight into the financial markets and will be beneficial in analyzing the Company’s portfolio and investment strategies.

William M. Trust Jr.

Director, Chairman of the Compensation Committee

William M. Trust Jr. has been a director of the Company since May 2008 and Chairman of the Compensation Committee since June 2011. He was the Independent Chairman of the Company and the Insurance Company from March 2010 until June 2011. He has been a director of the Insurance Company since May 2009. He is a Principal at Innovation Management Consulting, which provides consulting services for not-for-profit entities. Mr. Trust holds a BBA from the University of the City of New York and an MBA in Management from Baruch College. Mr. Trust is also a Certified Public Accountant. Mr. Trust has extensive international experience having been the Executive Director of the international architectural firm of Swanke Hayden Connell Ltd. from 1988 to 1991 and the Executive VP of the international transportation holding company of Norton Lilly International from 1973 to 1984. Mr. Trust serves as chairman of the board of trustees of Nyack Hospital and is a director of New York - Presbyterian Health Care Systems, Inc. Mr. Trust’s background as an accountant and his prior and current positions give him the ability to analyze the Company’s financial goals, performance and reporting.