CITIZENS, INC. — Director's Dealing 2007

Feb 12, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2006-12-31

Reporting Person: Carson Larry E (Vice President, CFO & Treas.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Citizens, Inc. Class A Common Stock	L	35.6455	$5.61	Acquired	236.6538	Direct
2006-02-06	Citizens, Inc. Class A Common Stock	L	38.0677	$5.25	Acquired	274.7215	Direct
2006-03-06	Citizens, Inc. Class A Common Stock	L	37.6648	$5.31	Acquired	312.3863	Direct
2006-04-10	Citizens, Inc. Class A Common Stock	L	36.867	$5.42	Acquired	349.2533	Direct
2006-05-10	Citizens, Inc. Class A Common Stock	L	37.4658	$5.33	Acquired	386.7191	Direct
2006-06-06	Citizens, Inc. Class A Common Stock	L	38.8056	$5.15	Acquired	425.5247	Direct
2006-07-14	Citizens, Inc. Class A Common Stock	L	38.1332	$5.24	Acquired	463.6579	Direct
2006-08-08	Citizens, Inc. Class A Common Stock	L	37.8072	$5.29	Acquired	501.4651	Direct
2006-09-08	Citizens, Inc. Class A Common Stock	L	35.802	$5.58	Acquired	537.2671	Direct
2006-10-04	Citizens, Inc. Class A Common Stock	L	34.1728	$5.85	Acquired	571.4399	Direct
2006-11-08	Citizens, Inc. Class A Common Stock	L	30.5998	$6.53	Acquired	602.0397	Direct
2006-12-07	Citizens, Inc. Class A Common Stock	L	29.6235	$6.75	Acquired	631.6632	Direct

Footnotes

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