CITIZENS, INC. — Director's Dealing 2006

Aug 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2006-04-10

Reporting Person: RILEY HAROLD E (Director, Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-23	Citizens, Inc. Class A Common Stock	G	50000	$5.38	Disposed	4398108.2981	Direct
2006-04-10	Citizens, Inc. Class A Common Stock	L	46.0838	$5.42	Acquired	4398154.3819	Direct
2006-05-10	Citizens, Inc. Class A Common Stock	L	46.8323	$5.34	Acquired	4398201.2142	Direct
2006-06-06	Citizens, Inc. Class A Common Stock	L	48.507	$5.15	Acquired	4398249.7212	Direct
2006-07-14	Citizens, Inc. Class A Common Stock	L	47.6665	$5.24	Acquired	4398297.3877	Direct
2006-08-08	Citizens, Inc. Class A Common Stock	L	47.259	$5.29	Acquired	4398344.6467	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	406800	Indirect
Citizens, Inc. Class B Common Stock	1001714	Indirect

Footnotes

F1: Gift for Friends of Baylor Foundation

F2: These shares were purchased through the Employee Stock Purchase Plan as part of regular monthly payroll deduction.