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: Welch Lawrence D Jr (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Citizens, Inc. Class A Common Stock	L	17.8228	$5.61	Acquired	405.3269	Direct
2006-02-06	Citizens, Inc. Class A Common Stock	L	19.0338	$5.25	Acquired	424.3607	Direct
2006-03-06	Citizens, Inc. Class A Common Stock	L	18.8324	$5.31	Acquired	443.1931	Direct
2006-04-10	Citizens, Inc. Class A Common Stock	L	18.4335	$5.42	Acquired	461.6266	Direct
2006-05-10	Citizens, Inc. Class A Common Stock	L	18.7329	$5.33	Acquired	480.3595	Direct
2006-06-06	Citizens, Inc. Class A Common Stock	L	19.4028	$5.15	Acquired	499.7623	Direct
2006-07-14	Citizens, Inc. Class A Common Stock	L	19.0666	$5.24	Acquired	518.8289	Direct
2006-08-08	Citizens, Inc. Class A Common Stock	L	18.9036	$5.29	Acquired	537.7325	Direct
2006-09-08	Citizens, Inc. Class A Common Stock	L	17.901	$5.58	Acquired	555.6335	Direct
2006-10-04	Citizens, Inc. Class A Common Stock	L	17.0864	$5.85	Acquired	572.7199	Direct
2006-11-08	Citizens, Inc. Class A Common Stock	L	15.2999	$6.53	Acquired	588.0198	Direct
2006-12-07	Citizens, Inc. Class A Common Stock	L	14.8117	$6.75	Acquired	602.8315	Direct

Footnotes

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