8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 24, 2007

CITIZENS, INC.

(Exact name of registrant as specified in its charter)

COLORADO	0-16509	84-0755371
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

400 East Anderson Lane
Austin, Texas 78752
(Address of principal executive offices) (Zip Code)

(512) 837-7100
(Registrant’s telephone number, including area code )

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On October 24, 2007, Citizens, Inc. (the “Company”) issued a press release announcing the termination of its recently proposed underwritten public offering of up to 6.5 million shares of Class A common stock pursuant to a preliminary prospectus supplement and an effective shelf registration statement previously filed with the Securities and Exchange Commission, due to unfavorable market conditions. This press release is filed as Exhibit 99.5 to this Current Report and incorporated by reference as if set forth in full.

The information in this report is being furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and pursuant to Item 2.02 of Form 8-K will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01 Financial Statements and Exhibits

     (d) Exhibits:

     99.5     News Release issued by Citizens, Inc. on October 24, 2007.

SIGNATURE

     Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CITIZENS, INC
By:	/s/ Rick D. Riley
	Rick D. Riley, President

Date: October 25, 2007

EXHIBIT INDEX

Exhibit No.	Description
99.5	News Release issued by Citizens, Inc. on October 24, 2007.

EX-99.5

EXHIBIT 99.5

FOR IMMEDIATE RELEASE
October 24, 2007	For more information, contact:
	Rick D. Riley, President
	(800) 880-5044
	PR@citizensinc.com

Citizens, Inc. Announces Termination of Recently Proposed Public Offering of Class A Common Stock

AUSTIN, Texas (October 24, 2007) — Citizens, Inc. (NYSE: CIA) announced today the termination of its proposed public offering of up to 6.5 million shares of Class A common stock through Oppenheimer & Co. Inc. and KeyBanc Capital Markets Inc., pursuant to a preliminary prospectus supplement and an effective shelf registration statement previously filed with the Securities and Exchange Commission, due to unfavorable market conditions. All shares were proposed to be sold by the Company and there were no proposed selling shareholders.

A shelf registration statement relating to these shares was originally filed on June 5, 2007, and has been declared effective. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer, if at all, will be made only by means of a prospectus forming a part of the effective registration statement and an accompanying prospectus supplement.