2009-11-10 00:47:01 -

Presidential Life Corporation (“Presidential Life”) (Nasdaq: PLFE) today announced that current Director William M. Trust, Jr. has been appointed to the newly established position of Lead Independent Director on Presidential Life’s Board. Presidential Life, through its wholly owned subsidiary Presidential Life Insurance Company, is engaged in the sale of annuities and insurance products.

Mr. Trust has been a Director of Presidential Life since May 2008 and is currently Chairman of the Finance and Investment Committee, as well as a member of the Nomination and Governance Committee. As Lead Independent Director, Mr. Trust will serve as the principal liaison on Board-wide issues between the Independent Directors and the Chairman and management directors. Mr. Trust’s appointment was formally approved at a Board meeting

on November 4, 2009.

“With his extensive experience and leadership skills, Bill has been an invaluable Director since joining the Board,” stated Donald L. Barnes, Vice Chairman of the Board, Chief Executive Officer and President of Presidential Life. “In his new role, we believe that Bill’s unique insight, financial knowledge and familiarity with the Company will enhance our corporate governance structure and serve our shareholders well.”


“I am excited to accept this role as Lead Independent Director of Presidential Life,” stated Mr. Trust. “I look forward to working with the management team and my fellow Directors to help achieve the Company’s goals on behalf of our shareholders, while working to deliver best-in-class corporate governance.”

Mr. Trust is a Principal at Innovation Management Consulting and has been a board director of numerous domestic and international corporations and joint ventures. Prior to starting his consulting practice, he held the positions of President, Chief Executive Officer and Chief Financial Officer in several privately held companies. His experience also includes the positions of Controller of a NYSE-listed company and Chief Accounting Officer of an investment banking firm. Mr.
Trust has extensive international experience, having been the Executive Director of an international architectural firm and the Executive Vice President of an international transportation holding company. Mr. Trust holds a B.B.A. from the University of The City of New York, a M.B.A. in Management from Baruch College and is a certified CPA in the state of New York.

About Presidential Life


Presidential Life Corporation, through its wholly owned subsidiary Presidential Life Insurance Company, is a leading provider of fixed deferred and immediate annuities and life insurance products to financial service professionals and their clients. Headquartered in Nyack, New York, the Corporation was founded in 1969 and, through the Insurance Company, markets its product in 49 states and the District of Columbia. For more information, visit our website www.presidentiallife.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .

Presidential Life CorporationCharles SnyderChief Financial

Officer845-358-2300 ext. 440orBrunswick GroupStan
Neve / Gemma Hart212-333-3810