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    <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
    <div style="text-align: center; margin-top: 5pt; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 18pt; font-weight: bold;">Current Report</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 12pt;"><font style="font-weight: bold;">Pursuant to Section 13
        or 15(d) of</font><br>
      <font style="font-weight: bold;">The Securities Exchange Act of 1934</font></div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 12pt; font-weight: bold;">Date of Report</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt; font-size: 12pt; font-weight: bold;">(Date of earliest event reported): February 1, 2021</div>
    <div style="text-align: center; margin-top: 5pt; font-size: 18pt; font-weight: bold;">UTG, INC.</div>
    <div style="text-align: center; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
    <table cellspacing="0" cellpadding="0" id="z0501aa97b6194e9695a866624fc20eb7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 31.3%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 31.3%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Delaware</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">0-16867</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">20-2907892</div>
          </td>
        </tr>
        <tr>
          <td style="width: 31.3%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center;">(I.R.S. Employer Identification No.)</div>
          </td>
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        <tr>
          <td style="width: 31.3%; vertical-align: top;">
            <div style="text-align: center;">incorporation or organization)</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 3.03%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 31.31%; vertical-align: top;">
            <div style="text-align: center;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-weight: bold;">205 North Depot Street</font><br>
      <font style="font-weight: bold;">Stanford, KY 40484</font><br>
      (Address of principal executive offices and zip code)</div>
    <div style="text-align: center; font-weight: bold;">(217) 241-6300</div>
    <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt;">(Registrant&#8217;s telephone number, including area code)</div>
    <div style="text-align: center; font-weight: bold;">Not Applicable</div>
    <div style="text-align: center;">(Former name or former address, if changed since last report)</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
    <div style="text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt;">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 style="margin-top: 12pt; margin-bottom: 12pt;">&#9633; Written communications pursuant
      to Rule 425 under the Securities Act</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;">&#9633; Soliciting material pursuant to
      Rule 14a-12 under the Exchange Act</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;">&#9633; Pre-commencement communications
      pursuant to Rule 14d-2(b) under the Exchange Act</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt;">&#9633; Pre-commencement communications
      pursuant to Rule 13e-4(c) under the Exchange Act</div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;"> Section 5 &#8211; Corporate Governance and Management</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Item 5.02.&#160; Compensatory Arrangements of Certain Officers.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">At a meeting of the Compensation Committee of the Board of Directors on February 1, 2021, bonuses were approved for Mr. Jesse T. Correll, CEO and Chairman
      of the Board of Directors, Mr. Douglas P. Ditto, Vice President, Mr. James P. Rousey, President and Mr. Theodore C. Miller, Corporate Secretary and CFO.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z76faae7844f8436bb1f09a0ffbc0a04b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 26.28%; vertical-align: top; border-bottom: #000000 2px solid;" rowspan="2">&#160;</td>
          <td style="width: 26.28%; vertical-align: top; border-bottom: #000000 2px solid;" rowspan="2">
            <div>&#160;</div>
            <div style="text-align: center; font-size: 12pt;">Cash Bonus</div>
          </td>
          <td style="width: 47.43%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 26.28%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt;">Stock Bonus*</div>
          </td>
          <td style="width: 21.15%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt;">Total Bonus</div>
          </td>
        </tr>
        <tr>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Jesse T. Correll</div>
          </td>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$150,000</div>
          </td>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$&#160; &#160; &#160; &#160; &#160;&#160; 0</div>
          </td>
          <td style="width: 21.15%; vertical-align: top;">
            <div style="text-align: right; margin-right: 14.4pt; font-size: 12pt;">$150,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Douglas P. Ditto</div>
          </td>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$&#160; &#160; &#160; &#160;&#160; 15</div>
          </td>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$149,985</div>
          </td>
          <td style="width: 21.15%; vertical-align: top;">
            <div style="text-align: right; margin-right: 14.4pt; font-size: 12pt;">$150,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">James P. Rousey</div>
          </td>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$150,000</div>
          </td>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$&#160; &#160; &#160; &#160; &#160;&#160; 0</div>
          </td>
          <td style="width: 21.15%; vertical-align: top;">
            <div style="text-align: right; margin-right: 14.4pt; font-size: 12pt;">$150,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 26.28%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Theodore C. Miller</div>
          </td>
          <td style="width: 26.28%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$&#160; 85,000</div>
          </td>
          <td style="width: 26.28%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$&#160; &#160; &#160; &#160; &#160;&#160; 0</div>
          </td>
          <td style="width: 21.15%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: right; margin-right: 14.4pt; font-size: 12pt;">$&#160; 85,000</div>
          </td>
        </tr>
        <tr>
          <td style="width: 26.28%; vertical-align: middle;">
            <div style="text-align: center; font-size: 12pt;">Total</div>
          </td>
          <td style="width: 26.28%; vertical-align: top; border-bottom: 4px double black;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$385,015</div>
          </td>
          <td style="width: 26.28%; vertical-align: top; border-bottom: 4px double black;">
            <div style="text-align: right; margin-right: 21.6pt; font-size: 12pt;">$149,985</div>
          </td>
          <td style="width: 21.15%; vertical-align: top; border-bottom: 4px double black;">
            <div style="text-align: right; margin-right: 14.4pt; font-size: 12pt;">$535,000</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">* UTG stock is valued at $27.00 per share, the current market value reported on the date of bonus approval.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The bonuses are based on the Company&#8217;s 2020 operating results and are not the result of any written agreement or specific formula.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Additionally, at the meeting of the Compensation Committee of the Board of Directors on February 1, 2021, salary increases were approved for the below
      executive officers of the Company.&#160; The new salary for each becomes effective February 1, 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Mr. Jess T. Correll, CEO, annual increase of $15,000 making his new annual salary $195,000.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Mr. Douglas P. Ditto, Vice President, annual increase of $18,750 making his new annual salary $161,250.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Mr. James P. Rousey, President, annual increase of $15,000 making his new annual salary $115,000.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Mr. Theodore C. Miller, CFO, annual increase of $5,000 making his new annual salary $95,000.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Messrs. Correll and Rousey are members of the Board of Directors but are not members of the Compensation Committee.&#160; The Company continues to have neither
      written employment agreements nor oral arrangements with any of its corporate officers.</div>
    <div><br>
    </div>
    <br>
    <div style="text-align: center; margin-bottom: 12pt; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
    <div style="text-indent: 36pt; margin-top: 5pt; margin-bottom: 5pt;">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><br>
    </div>
    <div style="text-align: center; font-weight: bold;">UTG, INC.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="za9343d6aee0b46f692e1349ffa96df3b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 7.86%; vertical-align: top;">
            <div>Date:</div>
          </td>
          <td style="width: 32.24%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>February 2, 2021</div>
          </td>
          <td style="width: 5.32%; vertical-align: top;">&#160;</td>
          <td style="width: 5.77%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 48.8%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>/s/ Theodore C. Miller</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 32.24%; vertical-align: top;">&#160;</td>
          <td style="width: 5.32%; vertical-align: top;">&#160;</td>
          <td style="width: 5.77%; vertical-align: top;">&#160;</td>
          <td style="width: 48.8%; vertical-align: top;">
            <div>Theodore C. Miller</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.86%; vertical-align: top;">&#160;</td>
          <td style="width: 32.24%; vertical-align: top;">&#160;</td>
          <td style="width: 5.32%; vertical-align: top;">&#160;</td>
          <td style="width: 5.77%; vertical-align: top;">&#160;</td>
          <td style="width: 48.8%; vertical-align: top;">
            <div>Senior Vice President and Chief Financial Officer</div>
          </td>
        </tr>

    </table>
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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": "21581676"}, "business-address": {"street1": "205 NORTH DEPOT STREET", "city": "STANFORD", "state": "KY", "zip": "40484", "phone": "2173236300"}, "mail-address": {"street1": "205 NORTH DEPOT STREET", "city": "STANFORD", "state": "KY", "zip": "40484"}, "former-company": [{"former-conformed-name": "UNITED TRUST GROUP INC", "date-changed": "20001206"}, {"former-conformed-name": "UNITED TRUST INC /IL/", "date-changed": "19920703"}]}
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): February 1, 2021
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)
205 North Depot Street
Stanford, KY 40484
(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):
□ Written communications pursuant
      to Rule 425 under the Securities Act
□ Soliciting material pursuant to
      Rule 14a-12 under the Exchange Act
□ Pre-commencement communications
      pursuant to Rule 14d-2(b) under the Exchange Act
□ 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.
At a meeting of the Compensation Committee of the Board of Directors on February 1, 2021, bonuses were approved for Mr. Jesse T. Correll, CEO and Chairman
      of the Board of Directors, Mr. Douglas P. Ditto, Vice President, Mr. James P. Rousey, President and Mr. Theodore C. Miller, Corporate Secretary and CFO.
Cash Bonus
Stock Bonus*
Total Bonus
Jesse T. Correll
$150,000
$           0
$150,000
Douglas P. Ditto
$         15
$149,985
$150,000
James P. Rousey
$150,000
$           0
$150,000
Theodore C. Miller
$  85,000
$           0
$  85,000
Total
$385,015
$149,985
$535,000
* UTG stock is valued at $27.00 per share, the current market value reported on the date of bonus approval.
The bonuses are based on the Company's 2020 operating results and are not the result of any written agreement or specific formula.
Additionally, at the meeting of the Compensation Committee of the Board of Directors on February 1, 2021, salary increases were approved for the below
      executive officers of the Company.  The new salary for each becomes effective February 1, 2021.
Mr. Jess T. Correll, CEO, annual increase of $15,000 making his new annual salary $195,000.
Mr. Douglas P. Ditto, Vice President, annual increase of $18,750 making his new annual salary $161,250.
Mr. James P. Rousey, President, annual increase of $15,000 making his new annual salary $115,000.
Mr. Theodore C. Miller, CFO, annual increase of $5,000 making his new annual salary $95,000.
Messrs. Correll and Rousey are members of the Board of Directors but are not members of the Compensation Committee.  The Company continues to have neither
      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:
February 2, 2021
By:
/s/ Theodore C. Miller
Theodore C. Miller
Senior Vice President and Chief Financial Officer