CITIZENS, INC. — Director's Dealing 2009

Jan 26, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2008-12-31

Reporting Person: RILEY HAROLD E (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-31	Citizens, Inc. Class A Common Stock	L	35.4007	$7.03	Acquired	3747018.5475	Direct
2008-05-02	Citizens, Inc. Class A Common Stock	L	34.6688	$7.18	Acquired	3347053.2163	Direct
2008-05-30	Citizens, Inc. Class A Common Stock	L	38.4868	$6.47	Acquired	3347091.7031	Direct
2008-07-07	Citizens, Inc. Class A Common Stock	L	40.6668	$6.12	Acquired	3347132.3699	Direct
2008-08-01	Citizens, Inc. Class A Common Stock	L	33.4556	$7.44	Acquired	3347165.8255	Direct
2008-08-29	Citizens, Inc. Class A Common Stock	L	34.3303	$7.25	Acquired	3347200.1558	Direct
2008-10-06	Citizens, Inc. Class A Common Stock	L	30.3556	$8.21	Acquired	3347230.5114	Direct
2008-10-31	Citizens, Inc. Class A Common Stock	L	29.3651	$8.48	Acquired	3347259.8765	Direct
2008-11-28	Citizens, Inc. Class A Common Stock	L	27.3182	$9.12	Acquired	3347287.1947	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	395302	Indirect
Citizens, Inc. Class B Common Stock	1001744.3452	Indirect

Footnotes

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