| **Exhibit 31.2**   
I, Raymond L. Carr, certify that:  
1.
I have reviewed			this annual report on Form 10-K of Kentucky Investors, Inc.;  
2.
Based on my			knowledge, this annual report does not contain any untrue statement			of a material fact or omit to state a material fact necessary to			make the statements made, in light of the circumstances under which			such statements were made, not misleading with respect to the period			covered by this annual report;  
3.
Based on my			knowledge, the financial statements, and other financial information			included in this annual report, fairly present in all material			respects the financial condition, results of operations and cash			flows of the registrant as of, and for, the periods presented in			this annual report;  
4.
The registrant's			other certifying officers and I are responsible for establishing and			maintaining disclosure controls and procedures (as defined in			Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant, and			we have:   
(a) Designed such			disclosure controls and procedures, or caused such disclosure			controls and procedures to be designed under our supervision, to			ensure that material information relating to the registrant,			including its consolidated subsidiaries, is made known to us by			others within those entities, particularly during the period in			which this annual report is being prepared,   
(b) Evaluated the			effectiveness of the registrant's disclosure controls and procedures			and presented in this annual report our conclusions about the			effectiveness of the disclosure controls and procedures, as of the			end of the period covered by this annual report based on such			evaluation, and   
(c) Disclosed in			this report any change in the registrant's internal control over			financial reporting that occurred during the registrant's most			recent fiscal quarter that has materially affected, or is reasonably			likely to materially affect, the registrant's internal control over			financial reporting; and  
5.
The registrant's			other certifying officers and I have disclosed, based on our most			recent evaluation of internal control over financial reporting, to			the registrant's auditors and the audit committee of the			registrant's board of directors:   
(a) All significant			deficiencies and material weaknesses in the design or operation of			internal control over financial reporting which are reasonably			likely to adversely affect the registrant's ability to record,			process, summarize, and report financial information; and   
(b) Any fraud,			whether or not material, that involves management or other employees			who have a significant role in the registrant's internal control			over financial reporting.  
Date: March 15, 2007
By: /s/ Raymond L. Carr 
Raymond L. Carr 
Chief Financial Officer -- Vice President   
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