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                                                                    EXHIBIT 23.8

                             Wise & Associates, Inc.


                                                              February 1, 2001


Financial Industries Corporation
6500 River Place Blvd., Building One
Austin, Texas 78730


We hereby consent to the inclusion of the summary of our appraisal report and
analysis provided to Financial Industries Corporation in the Registration
Statement on Form S-4 and related joint proxy statement/prospectus of Financial
Industries Corporation for the registration of its common stock in connection
with the merger of ILCO Acquisition Company with and into InterContinental Life
Corporation, including any filing of such report as may be required by the
Securities and Exchange Commission.

                                                   Very truly yours,

                                                   Wise & Associates, Inc.


                                                   By: /s/ GEORGE WISE
                                                       -------------------------
                                                       George Wise