CITIZENS, INC. - Director's Dealing 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: Welch Lawrence D Jr (Chief Operating Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-13	Citizens, Inc. Class A Common Stock	L	15	$6.65	Acquired	283	Direct
2005-08-10	Citizens, Inc. Class A Common Stock	L	14	$7.12	Acquired	297	Direct
2005-09-06	Citizens, Inc. Class A Common Stock	L	14	$7.20	Acquired	311	Direct
2005-10-13	Citizens, Inc. Class A Common Stock	L	17	$5.74	Acquired	328	Direct
2005-11-08	Citizens, Inc. Class A Common Stock	L	16	$6.07	Acquired	344	Direct
2005-12-12	Citizens, Inc. Class A Common Stock	L	17	$6.00	Acquired	361	Direct
2005-12-31	Citizens, Inc. Class A Common Stock	J	26	$5.45	Acquired	387	Direct

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