CITIZENS, INC. — Director's Dealing 2006

Feb 10, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2005-12-31

Reporting Person: RILEY RAY A (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-06	Citizens, Inc. Class A Common Stock	L	82.3655	$6.07	Acquired	275327.3311	Direct
2005-02-03	Citizens, Inc. Class A Common Stock	L	87.108	$5.74	Acquired	279336.4391	Direct
2005-03-02	Citizens, Inc. Class A Common Stock	L	86.6536	$5.77	Acquired	279423.0927	Direct
2005-04-13	Citizens, Inc. Class A Common Stock	L	86.2069	$5.80	Acquired	279509.2996	Direct
2005-05-04	Citizens, Inc. Class A Common Stock	L	91.7431	$5.45	Acquired	279601.0427	Direct
2005-06-06	Citizens, Inc. Class A Common Stock	L	87.2585	$5.73	Acquired	279688.3012	Direct
2005-07-13	Citizens, Inc. Class A Common Stock	L	75.188	$6.65	Acquired	279763.4892	Direct
2005-08-10	Citizens, Inc. Class A Common Stock	L	70.206	$7.12	Acquired	279833.6952	Direct
2005-09-06	Citizens, Inc. Class A Common Stock	L	69.4444	$7.20	Acquired	279903.1396	Direct
2005-10-13	Citizens, Inc. Class A Common Stock	L	87.108	$5.74	Acquired	279990.2476	Direct
2005-11-08	Citizens, Inc. Class A Common Stock	L	82.3669	$6.07	Acquired	280072.6145	Direct
2005-12-12	Citizens, Inc. Class A Common Stock	L	83.2071	$6.00	Acquired	280155.8216	Direct
2005-12-31	Citizens, Inc. Class A Common Stock	J	19562	$5.45	Acquired	299717.8216	Direct
2005-12-31	Citizens, Inc. Class A Common Stock	J	50	$5.45	Acquired	299767.8216	Direct
2005-12-31	Citizens, Inc. Class A Common Stock	J	5615	$5.45	Acquired	111519	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	756	$5.45	Acquired	112275	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	1043	$5.45	Acquired	113318	Indirect
2005-01-10	Citizens, Inc. Class A Common Stock	G	3200	$5.70	Acquired	22632	Indirect
2005-01-11	Citizens, Inc. Class A Common Stock	G	600	$5.72	Acquired	23232	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	501	$5.45	Acquired	21655	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	1125	$5.45	Acquired	22780	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	274	$5.45	Acquired	23054	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	2977	$5.45	Acquired	71188	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	756	$5.45	Acquired	71944	Indirect
2005-12-31	Citizens, Inc. Class A Common Stock	J	1043	$5.45	Acquired	72987	Indirect

Footnotes

F1: These shares were purchased through the Employee Stock Purchase Plan as part of regular monthly payroll deduction.

F2: Stock Dividend paid 12/31/2005 on Mellon Account

F3: Stock Dividend Paid 12/31/05 on Bank of America Account

F4: Stock Dividend Paid 12/31/05 on Morgan Keegan Account

F5: These shares were gifted from Marjorie D. Riley to
Morgan Keegan Account