Management Team

John C. Todd
President / CEO

Mr. Todd is the President and Chief Executive Officer of Royalty Capital Corporation and Royalty Capital Life Insurance Company, and serves as a Director. He is a financial services executive with 45 years of experience in financial services, sales, sales management, institutional private placement, institutional sales in Latin America, institutional sale quantitative analysis, and was Director of wealth management.  He has served on numerous executive management committees, risk committees, new product committees, and retirement committees.

Gregg E. Zahn
Chairman of the Board

Chairman of the Board of Directors of Royalty Capital Corporation and Royalty Capital Life Insurance Company, Mr. Zahn is also Chairman of the Board, Chief Executive Officer of First Trinity Financial Corporation, Trinity Life Insurance Company, Family Benefit Life Insurance Company and Chairman of Texas Republic Capital Corporation.  Gregg has over 34 years of experience in the insurance business as a Chairman of the Board, President, Marketing Vice President, Executive Vice President, and Director of Training and Recruiting.

Theodore (Ted) Lung
Vice Chairman

Vice Chairman of the Board, Mr. Lung currently serves as Regional Business Development Manager at Diversified Crop Insurance Services (one of 15 federal crop insurance providers for the RMA/USDA). Previously, Ted started Midwest Crop Insurance Services, which he successfully grew to having in excess of $70 million in premiums, 170 agents, 25 employees and business in 15 states. He sold his business to AgriLogic Insurance Services in 2011. He has owned many successful independent insurance agencies throughout Illinois. Ted served as Vice Chairman to Inspire Capital Corporation and Capital Reserve Life Insurance Company. In addition to his insurance business, Ted owns several other businesses in Illinois.

William S. (Sherman) Lay
Secretary / Treasurer

Mr. Lay is the Secretary / Treasurer of Royalty Capital Corporation and Royalty Capital Life Insurance Company and serves as a Director. He has been Secretary, Treasurer, and Director of Texas Republic Capital Corporation, since November 2012. Mr. Lay is Vice President, Chief Investment Officer and Director of First Trinity Financial Corporation, Trinity Life Insurance Company and First Trinity Capital Corporation and served as Chief Financial Officer of each from April 2007 - June 2010; and Secretary / Treasurer of each from April 2007 - March 2011. He has been a Director of Family Benefit Life Insurance Company since December 2011. For the past six years, Mr. Lay has been a financial officer and business consultant, specializing in corporate, financial and consulting services for small sized entrepreneurial companies. Prior to that, Mr. Lay was an officer and director of numerous life insurance companies and has extensive experience in mergers, acquisitions and reorganizations.