Kansas City Life Insurance Company

Kansas City Life Insurance Company
Public
Traded as NASDAQ: KCLI
Industry Insurance & Finance
Founded 1895
Headquarters Kansas City, Missouri, US
Key people
 R. Philip Bixby, President & CEO
Number of employees
 500
Website www.kclife.com/

Kansas City Life Insurance Company is a public insurance company established in 1895 and located in Kansas City, Missouri. The company's 1,400 agents market individual life, annuity and group products through agencies located in 48 US states and the District of Columbia. Variable life, variable annuities, mutual funds and other investment options are offered through a subsidiary, Sunset Financial Services.

The Kansas City Life Group of Companies:

About

Kansas City Life Insurance Company was established in 1895 in Kansas City, Mo. with agency force of more than 2,500 and more than 150 general agencies serves 48 states and the District of Columbia. We insure more than half a million policyholders from coast to coast. Our Home Office is located in Kansas City, Mo.

Company markets individual life, annuity and group products through general agencies located throughout the United States. Variable life and variable annuity options are distributed through Sunset Financial Services Inc. Kansas City Life's wholly owned broker/dealer subsidiary.

History

Originally chartered as Bankers Life Association on May 1, 1895, the Company was founded by Major William Warner, President; J.H. North, Vice President; and S.E. Rumble, Secretary. Rumble conceived the idea of forming a life insurance company in the "heart of America." At the time, Kansas City was known as the Athens of the West and was the second largest city in the western half of the United States; only San Francisco was larger.

The Kansas City Life Insurance Company name was adopted in 1900. The Company began issuing policies in small amounts from an office in the Scheidley Building, located at Ninth and Main Streets in Kansas City, Mo.

In 1897, the Company moved to the Navajo Building, then the Rialto Building, where it remained until 1924 when the Company moved to its present location. The Home Office sits on approximately five acres of land purchased for $200,000. Built for $1 million, the building was dedicated on Aug. 1, 1924.

Company rating

According to A.M. Best, "A (Excellent) is assigned to companies which, in our opinion, have demonstrated excellent overall performance when compared to the standards established by A.M. Best Company. A (Excellent) companies have a strong ability to meet their obligations to policyowners over a long period of time." A.M. Best also assigned the Company's outlook as stable.

References


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