Effective April 30, 2019, A. Michael Salem has been appointed as Chief Executive Officer of Midwest Holding Inc. and Mark A. Oliver has been appointed as President of the Company. Effective April 30, 2019, Michael Minnich has been appointed as a member of the Board of Directors of the Company to serve the remaining term of Mr. Todd Boeve, who tendered his resignation effective April 30, 2019, and Mr. Minnich was also appointed as the Company's Chairman of the Board. Mr. Salem has served as Chairman of the Company's primary life insurance subsidiary, American Life and Security Corp.

(American Life) since June 2018. Mr. Salem is Founder and Co-Chief Executive Officer of Vespoint LLC, ultimate controlling party of the Company since 2018. In addition, he has served as managing member of AMS Advisors LLC, since January 2011.

From July 2013 to August 2017, he was Co-Founder, Managing Principal and Co-Head of Advisory Capital at Vanbridge LLC. Mr. Minnich was named President and a member of the Board of American Life in June 2018. Mr. Minnich was Founder and Co-Chief Executive of Vespoint Capital LLC with Mr. Salem in 2018.

Since July 2010, he has been Managing Member of Rendezvous Capital LLC. From February 2013 to May 2017, he was Chief Investment Officer of A-Cap. Prior to A-Cap, Mr. Minnich spent almost 10 years at Swiss Re.