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: OLIVER MARK A (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Citizens, Inc. Class A Common Stock	L	8.9114	$5.61	Acquired	18679.9114	Direct
2006-02-06	Citizens, Inc. Class A Common Stock	L	9.5169	$5.25	Acquired	18689.4283	Direct
2006-03-06	Citizens, Inc. Class A Common Stock	L	9.4162	$5.31	Acquired	18698.8445	Direct
2006-04-10	Citizens, Inc. Class A Common Stock	L	9.2168	$5.42	Acquired	18708.0613	Direct
2006-05-10	Citizens, Inc. Class A Common Stock	L	9.3665	$5.33	Acquired	18717.4278	Direct
2006-06-06	Citizens, Inc. Class A Common Stock	L	9.7014	$5.15	Acquired	18727.1292	Direct
2006-07-14	Citizens, Inc. Class A Common Stock	L	9.5333	$5.24	Acquired	18736.6625	Direct
2006-08-08	Citizens, Inc. Class A Common Stock	L	9.4518	$5.29	Acquired	18746.1143	Direct
2006-09-08	Citizens, Inc. Class A Common Stock	L	8.9505	$5.58	Acquired	18755.0648	Direct
2006-10-04	Citizens, Inc. Class A Common Stock	L	8.5432	$5.85	Acquired	18763.608	Direct
2006-11-08	Citizens, Inc. Class A Common Stock	L	7.6499	$6.53	Acquired	18771.2579	Direct
2006-12-07	Citizens, Inc. Class A Common Stock	L	7.4059	$6.75	Acquired	18778.6638	Direct

Footnotes

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