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      purchase price amendment
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      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div style="MARGIN-TOP: 5pt; TEXT-ALIGN: center" align="center"><strong>UNITED
        STATES</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></div>
      <div style="TEXT-ALIGN: center" align="center"><strong>Washington</strong><strong>,
        D.C. 20549</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>FORM
        8-K</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>Current
        Report</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>Pursuant
        to Section 13 or 15(d) of<br>The Securities Exchange Act of 1934</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>Date
        of
        Report</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>(Date
        of
        earliest event reported): November 27, 2006</strong></div>
      <div style="MARGIN-TOP: 5pt; TEXT-ALIGN: center" align="center"><strong>UTG,
        INC.</strong></div>
      <div style="TEXT-ALIGN: center" align="center"><strong>(Exact name of registrant
        as specified in its charter)</strong></div>
      <div align="center">
        <table border="0" cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE: collapse">

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              <td valign="bottom" width="195" style="padding-right: 0in; padding-left: 0in; padding-bottom: 0in; width: 146.5pt; padding-top: 0in;">
                <div style="TEXT-ALIGN: left" align="left">&#160;</div>
              </td>
              <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>
              </td>
              <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>
              </td>
              <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>
              </td>
              <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>
              </td>
            </tr>
            <tr>
              <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"><strong>Delaware</strong></div>
              </td>
              <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>
              </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"><strong>0-16867</strong></div>
              </td>
              <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>
              </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"><strong>20-2907892</strong></div>
              </td>
            </tr>
            <tr>
              <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">(State or other jurisdiction
                  of </div>
              </td>
              <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>
              </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">(Commission File
                  Number)
                  </div>
              </td>
              <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>
              </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">(I.R.S. Employer
                  Identification No.)</div>
              </td>
            </tr>
            <tr>
              <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">incorporation or
                  organization) </div>
              </td>
              <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>
              </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>
              </td>
              <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>
              </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>
              </td>
            </tr>

        </table>
      </div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center"><strong>5250
        South
        Sixth Street</strong><strong><br>Springfield, Illinois
        62703</strong><br>(Address of principal executive offices and zip code) </div>
      <div style="TEXT-ALIGN: center" align="center"><strong>(217)
        241-6300</strong></div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center">(Registrant&#8217;s
        telephone number, including area code) </div>
      <div style="TEXT-ALIGN: center" align="center"><strong>Not
        Applicable</strong></div>
      <div style="TEXT-ALIGN: center" align="center">(Former name or former address,
        if
        changed since last report)</div>
      <div style="TEXT-ALIGN: center" align="center">&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#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>o Written communications pursuant to Rule 425 under the Securities
        Act</div>
      <div>o Soliciting material pursuant to Rule 14a-12 under the Exchange Act</div>
      <div>o Pre-commencement communications pursuant to Rule 14d-2(b) under the
        Exchange Act</div>
      <div>o Pre-commencement communications pursuant to Rule 13e-4(c) under the
        Exchange Act</div>
      <div style="MARGIN: 5pt 0in; TEXT-ALIGN: center" align="center">&#160;</div><br clear="all">
      <div><a name="OLE_LINK1"><strong>Section 1 &#8211; Registrant&#8217;s Business and
        Operations</strong></a></div>
      <div>&#160;</div>
      <div><strong>Item 1.01.&#160; Entry into a Material Definitive
        Agreement</strong></div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div>On November 22, 2006, UTG, Inc., William F. Guest and John D. Cornett
        agreed to an amendment to the definitive Stock Purchase Agreement dated August
        7, 2006, as amended, whereby UTG, Inc. agreed to purchase a majority of the
        issued and outstanding common stock of Acap Corporation.&#160; </div>
      <div>&#160;</div>
      <div>This amendment was entered into by the parties as acknowledgement of
        the
        settlement of certain litigation involving Acap Corporation and its subsidiaries
        that arose following the execution of the original agreement.&#160; This
        amendment to the agreement adjusts the purchase price of the 1,492 shares
        to be
        acquired from Messrs. Guest and Cornett at closing from $14,279,932 to
        $14,242,632.&#160; The additional 352 shares from certain other shareholders may
        be purchased on the same terms, including the adjusted price.&#160;
Additionally, the purchase price for shares under the stock put option
        agreements will be equal to the per share purchase price as amended.&#160;
</div>
      <div>&#160;</div>
      <div>All other terms and conditions of the original agreement, as amended,
        remain intact and unchanged.</div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div><strong>Section 9 &#8211; Financial Statements and Exhibits</strong></div>
      <div>&#160;</div>
      <div><strong>Item 9.01.&#160; Financial Statements and Exibits.</strong></div>
      <div>&#160;</div>
      <div>(c)&#160; <i>Exhibits.</i></div>
      <div>&#160;</div>
      <div>Exhibit 2(a) &#8213; Amendment No. 2, dated November 22, 2006, to the Stock
        Purchase Agreement, dated August 7, 2006, as amended, between UTG, Inc. and
        William F. Guest and John D. Cornett</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>SIGNATURES</strong></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div>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 style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div style="TEXT-ALIGN: center" align="center"><strong>UTG, INC.</strong></div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">&#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;&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;</div>
      <div style="TEXT-ALIGN: left" align="left">Date:&#160; <u>November 27,
        2006&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160; <u>/s/ Theodore C.
        Miller&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</u></div>
      <div style="TEXT-ALIGN: left" align="left">&#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;&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
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;
</div>
      <div style="TEXT-ALIGN: left" align="left">&#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;&#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;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Senior Vice President and Chief
        Financial Officer</div>
      <div style="TEXT-ALIGN: left" align="left">&#160;</div>
    </div><br clear="all">
    <div>
      <div>Exhibit Index</div>
      <table border="0" cellpadding="0" cellspacing="0" style="BORDER-COLLAPSE: collapse">

          <tr>
            <td valign="bottom" width="95" style="border-right: medium none; padding-right: 5.4pt; border-top: medium none; padding-left: 5.4pt; padding-bottom: 0in; border-left: medium none; width: 71.4pt; padding-top: 0in; border-bottom: windowtext 1pt solid;">
              <div style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">Exhibit
                No.</div>
            </td>
            <td valign="bottom" width="25" style="padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 0in; width: 18.7pt; padding-top: 0in;">
              <div style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&#160;</div>
            </td>
            <td valign="bottom" width="495" style="border-right: medium none; padding-right: 5.4pt; border-top: medium none; padding-left: 5.4pt; padding-bottom: 0in; border-left: medium none; width: 371.3pt; padding-top: 0in; border-bottom: windowtext 1pt solid;">
              <div style="MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">Description</div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="95" style="padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 0in; width: 71.4pt; padding-top: 0in;">
              <div style="MARGIN-TOP: 6pt; TEXT-ALIGN: justify">Exhibit 2(a)</div>
            </td>
            <td valign="top" width="25" style="padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 0in; width: 18.7pt; padding-top: 0in;">
              <div style="MARGIN-TOP: 6pt; TEXT-ALIGN: justify">&#160;</div>
            </td>
            <td valign="top" width="495" style="padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 0in; width: 371.3pt; padding-top: 0in;">
              <div style="MARGIN-TOP: 6pt; TEXT-ALIGN: justify">Amendment No. 2,
                dated
                November 22, 2006, to the Stock Purchase Agreement, dated August
                7, 2006,
                as amended, between UTG, Inc. and William F. Guest and John D.
                Cornett</div>
            </td>
          </tr>

      </table>
      <div style="TEXT-ALIGN: justify">&#160;</div>
      <div style="TEXT-ALIGN: justify">&#160;</div>
    </div>
  </body>
</html>
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{"company-data": {"conformed-name": "UTG INC", "cik": "0000832480", "assigned-sic": "6311", "irs-number": "202907892", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16867", "film-number": "061239012"}, "business-address": {"street1": "PO BOX 5147", "street2": "5250 SOUTH SIXTH STREET ROAD", "city": "SPRINGFIELD", "state": "IL", "zip": "62703", "phone": "2173236300"}, "mail-address": {"street1": "PO BOX 5147", "street2": "5250 SOUTH SIXTH STREET", "city": "SPINGFIELD", "state": "IL", "zip": "62705"}, "former-company": [{"former-conformed-name": "UNITED TRUST GROUP INC", "date-changed": "20001206"}, {"former-conformed-name": "UNITED TRUST INC /IL/", "date-changed": "19920703"}]}
purchase price amendment
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): November 27, 2006
UTG,
        INC.
(Exact name of registrant
        as specified in its charter)
Delaware
0-16867
20-2907892
(State or other jurisdiction
                  of
(Commission File
                  Number)
(I.R.S. Employer
                  Identification No.)
incorporation or
                  organization)
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 1 – Registrant's Business and
        Operations
Item 1.01.  Entry into a Material Definitive
        Agreement
On November 22, 2006, UTG, Inc., William F. Guest and John D. Cornett
        agreed to an amendment to the definitive Stock Purchase Agreement dated August
        7, 2006, as amended, whereby UTG, Inc. agreed to purchase a majority of the
        issued and outstanding common stock of Acap Corporation.
This amendment was entered into by the parties as acknowledgement of
        the
        settlement of certain litigation involving Acap Corporation and its subsidiaries
        that arose following the execution of the original agreement.  This
        amendment to the agreement adjusts the purchase price of the 1,492 shares
        to be
        acquired from Messrs. Guest and Cornett at closing from $14,279,932 to
        $14,242,632.  The additional 352 shares from certain other shareholders may
        be purchased on the same terms, including the adjusted price. 
Additionally, the purchase price for shares under the stock put option
        agreements will be equal to the per share purchase price as amended.
All other terms and conditions of the original agreement, as amended,
        remain intact and unchanged.
Section 9 – Financial Statements and Exhibits
Item 9.01.  Financial Statements and Exibits.
(c)
Exhibits.
Exhibit 2(a) ― Amendment No. 2, dated November 22, 2006, to the Stock
        Purchase Agreement, dated August 7, 2006, as amended, between UTG, Inc. and
        William F. Guest and John D. Cornett
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:
November 27,
        2006
By:
/s/ Theodore C.
        Miller
Theodore C.
        Miller
Senior Vice President and Chief
        Financial Officer
Exhibit Index
Exhibit
                No.
Description
Exhibit 2(a)
Amendment No. 2,
                dated
                November 22, 2006, to the Stock Purchase Agreement, dated August
                7, 2006,
                as amended, between UTG, Inc. and William F. Guest and John D.
                Cornett