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      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN-TOP: 5pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UNITED STATES</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE
COMMISSION</font> </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Washington</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">, D.C. 20549</font> </div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM 8-K</font> </div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Current Report</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pursuant to Section 13 or 15(d)
of<br>The Securities Exchange Act of 1934</font> </div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Date of Report</font></div>
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      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Date of earliest event reported):
March 25, 2008</font> </div>
      <div>&#160;</div>
      <div style="MARGIN-TOP: 5pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UTG, INC.</font></div>
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      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Exact name of registrant as
specified in its charter)</font></div>
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                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
                <div>&#160;</div>
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              <td valign="bottom" width="195" style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 146.55pt; PADDING-TOP: 0in">
                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
                <div>&#160;</div>
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              <td valign="top" width="195" style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 146.5pt; PADDING-TOP: 0in">
                <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Delaware</font></div>
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                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
                <div>&#160;</div>
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                <div style="TEXT-ALIGN: center" align="center">(State or other jurisdiction
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                <div>&#160;</div>
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                <div style="TEXT-ALIGN: center" align="center">(Commission File Number)
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                <div>&#160;</div>
              </td>
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                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
                <div>&#160;</div>
              </td>
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                <div style="TEXT-ALIGN: center" align="center">(I.R.S. Employer
      Identification No.)</div>
                <div>&#160;</div>
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              <td valign="bottom" width="19" style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 14.2pt; PADDING-TOP: 0in">
                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
                <div>&#160;</div>
              </td>
              <td valign="top" width="195" style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 146.55pt; PADDING-TOP: 0in">
                <div style="TEXT-ALIGN: center" align="center"> </div>
                <div>&#160;</div>
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              <td valign="bottom" width="19" style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 14.2pt; PADDING-TOP: 0in">
                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
                <div>&#160;</div>
              </td>
              <td valign="top" width="195" style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 146.55pt; PADDING-TOP: 0in">
                <div style="TEXT-ALIGN: center" align="center">&#160;</div>
                <div>&#160;</div>
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      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">5250 South Sixth Street</font><font style="DISPLAY: inline; FONT-WEIGHT: bold"> <br>Springfield, Illinois
62703</font><br>(Address of principal executive offices and zip code) </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center; mso-hyphenate: none" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(217) 241-6300</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center">(Registrant&#65533;s
telephone number, including area code) </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center; mso-hyphenate: none" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Not Applicable</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center; mso-hyphenate: none" align="center">(Former name
or former address, if changed since last report)</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center; mso-hyphenate: none" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-INDENT: 0.5in">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 (see General Instruction
A.2):</div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline;" face="Wingdings">o&#160;</font>Written
communications pursuant to Rule 425 under the Securities Act</div>
      <div><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act</div>
      <div><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act</div>
      <div><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act</div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div><br clear="all">
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in"><a name="OLE_LINK1"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Section 5&#160;- Corporate Governance
and Management</font></a></div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item 5.02. &#160;Compensatory
Arrangements of Certain Officers.</font></div>
      <div>&#160;</div>
      <div style="mso-hyphenate: auto; mso-pagination: none">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">On March 24, 2008, Mr.
Jess Correll, CEO and Chairman of the Board of Directors of UTG, Inc., approved
bonuses of $20,000 for Mr. Theodore C. Miller, Corporate Secretary and CFO and
$25,000 for Mr. James P. Rousey, President. &#160;The bonuses are based on the
Company's 2007 operating results and are to be paid as soon as practical.
&#160;The bonuses are not the result of any written agreement or specific
formula. &#160;The Company continues to have no written employment agreements
nor oral arrangements with any of its corporate officers.</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div>&#160;</div>
      <div style="mso-hyphenate: none; tab-stops: right 7.0in">&#160;</div>
      <div>&#160;</div><br clear="all">
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center"><font style="FONT-WEIGHT: bold">SIGNATURES</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 5pt 0in; TEXT-INDENT: 0.5in; TEXT-ALIGN: left" align="left">Pursuant to the requirements 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. </div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left; tab-stops: 220.4pt 241.8pt 244.55pt 401.9pt" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UTG, INC.</font></div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left; tab-stops: 220.4pt 401.9pt" align="left">&#160;</div>
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      <div style="TEXT-ALIGN: left; tab-stops: right 2.75in left 220.4pt 241.8pt 401.9pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font>Date: &#160; <font style="DISPLAY: inline; TEXT-DECORATION: underline">March 25,
2008&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font>&#160;</font>By:&#160; &#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Theodore C.
Miller&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
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      <div><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font>Senior Vice President and Chief
Financial Officer</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div>&#160;</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div>&#160;</div>
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utg8620080324.htm
UNITED STATES
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):
March 25, 2008
UTG, INC.
(Exact name of registrant as
specified in its charter)
Delaware
0-16867
20-2907892
(State or other jurisdiction
      of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
      Identification No.)
5250 South Sixth Street
Springfield, Illinois
62703
(Address of principal executive offices and zip code)
(217) 241-6300
(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 (see General Instruction
A.2):
o
Written
communications pursuant to Rule 425 under the Securities Act
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
Section 5 - Corporate Governance
and Management
Item 5.02.  Compensatory
Arrangements of Certain Officers.
On March 24, 2008, Mr.
Jess Correll, CEO and Chairman of the Board of Directors of UTG, Inc., approved
bonuses of $20,000 for Mr. Theodore C. Miller, Corporate Secretary and CFO and
$25,000 for Mr. James P. Rousey, President.  The bonuses are based on the
Company's 2007 operating results and are to be paid as soon as practical.
 The bonuses are not the result of any written agreement or specific
formula.  The Company continues to have no written employment agreements
nor oral arrangements with any of its corporate officers.
SIGNATURES
Pursuant to the requirements 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.
UTG, INC.
Date:
March 25,
2008
By:
/s/ Theodore C.
Miller
Theodore C. Miller
Senior Vice President and Chief
Financial Officer