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: OLIVER MARK A (Director, President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-06	Citizens, Inc. Class A Common Stock	L	8	$6.07	Acquired	9173	Direct
2005-02-03	Citizens, Inc. Class A Common Stock	L	8	$5.74	Acquired	13103	Direct
2005-03-02	Citizens, Inc. Class A Common Stock	L	8	$5.77	Acquired	13111	Direct
2005-04-13	Citizens, Inc. Class A Common Stock	L	9	$5.80	Acquired	13120	Direct
2005-05-04	Citizens, Inc. Class A Common Stock	L	9	$5.45	Acquired	13129	Direct
2005-06-06	Citizens, Inc. Class A Common Stock	L	9	$5.73	Acquired	13138	Direct
2005-07-13	Citizens, Inc. Class A Common Stock	L	8	$6.65	Acquired	13146	Direct
2005-08-10	Citizens, Inc. Class A Common Stock	L	7	$7.12	Acquired	13153	Direct
2005-09-06	Citizens, Inc. Class A Common Stock	L	7	$7.20	Acquired	13160	Direct
2005-10-13	Citizens, Inc. Class A Common Stock	L	9	$5.74	Acquired	13169	Direct
2005-11-08	Citizens, Inc. Class A Common Stock	L	8	$6.07	Acquired	13177	Direct
2005-12-12	Citizens, Inc. Class A Common Stock	L	8	$6.00	Acquired	13185	Direct
2005-12-31	Citizens, Inc. Class A Common Stock	J	525	$5.45	Acquired	13710	Direct
2005-12-31	Citizens, Inc. Class A Common Stock	J	399	$5.45	Acquired	14109	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