CITIZENS, INC. — Director's Dealing 2008

Feb 13, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2007-12-31

Reporting Person: Carson Larry E (VP, Financial Reporting & Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-03	Citizens, Inc. Class A Common Stock	L	29.5949	$6.76	Acquired	661.2581	Direct
2007-02-09	Citizens, Inc. Class A Common Stock	L	28.0395	$7.10	Acquired	689.2976	Direct
2007-03-09	Citizens, Inc. Class A Common Stock	L	27.2878	$7.30	Acquired	716.5854	Direct
2007-04-09	Citizens, Inc. Class A Common Stock	L	26.5112	$7.51	Acquired	743.0966	Direct
2007-05-25	Citizens, Inc. Class A Common Stock	L	25.1881	$7.91	Acquired	768.2847	Direct
2007-05-29	Citizens, Inc. Class A Common Stock	G	504	$7.95	Acquired	1272.2847	Direct
2007-06-07	Citizens, Inc. Class A Common Stock	S	504	$7.97	Disposed	768.2847	Direct
2007-06-08	Citizens, Inc. Class A Common Stock	L	27.8687	$7.15	Acquired	796.1534	Direct
2007-07-06	Citizens, Inc. Class A Common Stock	L	28.3802	$7.02	Acquired	824.5336	Direct
2007-08-03	Citizens, Inc. Class A Common Stock	L	33.4469	$5.95	Acquired	857.9805	Direct
2007-09-07	Citizens, Inc. Class A Common Stock	L	26.1643	$7.61	Acquired	884.1448	Direct
2007-09-28	Citizens, Inc. Class A Common Stock	L	24.2759	$8.21	Acquired	908.4207	Direct
2007-11-02	Citizens, Inc. Class A Common Stock	L	24.7821	$8.41	Acquired	933.2028	Direct
2007-11-30	Citizens, Inc. Class A Common Stock	L	30.7804	$6.47	Acquired	963.9832	Direct
2007-12-31	Citizens, Inc. Class A Common Stock	L	33.6561	$5.91	Acquired	997.6393	Direct

Footnotes

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