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                                                                   EXHIBIT 23.2

[KPMG LOGO]


The Board of Directors
Citizens, Inc.:

   
We consent to the use of our reports included herein or incorporated herein by 
reference and to the reference to our Firm under the heading "Experts" in the 
Pre-Effective Amendment No. 3 to the Registration Statement on Form S-4, SEC 
File No. 333-16163.
    

/s/ KPMG Peat Marwick LLP
KPMG Peat Marwick LLP

Dallas, Texas
   
February 5, 1997