We understand here at InsureChance how valuable time is, especially the time of our clients. We are an independent life Insurance agency who was put into this world to make life insurance a simple concept for everyone. Since we understand how valuable time is, we won’t waste time with biased reviews because those kinds of reviews show more opinions than they do actual information. If you are looking for an honest and informative review of Kansas Life Insurance Company then look no further because we provide the most unbiased, honest, and informative reviews. This is because we believe that our clients have the right to form their own educated decisions without having opinions shoved down their throats. In this article, we will be discussing Kansas Life Insurance Company’s history, our review of them with accurate ratings, and of course their product offerings with highlights. The following are some key points from this article;

1. Kansas City Life was founded as Banker’s Life Association and Major William Warner served as their first president in 1895. It wasn’t until 1900 when the company renamed themselves to what we know today, Kansas City Life Insurance Company.
2. The company is a public company with over 500,000 policyholders from coast to coast. They operate in 48 states and has more than 2,500 representatives.
3. Kansas City Life Insurance is very secure financially and holds a respectable ranking. According to A.M Best, the financial rating for Kansas City Life Insurance is an “A” or excellent. This rating is the third best rating A.M Best gives out of 13 ratings from A++(Superior) to D (poor).
4. You should always want to look at a company’s rating when looking to invest in a company. You should also look into their financials because like we mentioned before you want to make sure you are going to receive your benefits, but you need to also take their ratings seriously. A company receives these ratings from popular rating agencies such as A.M Best, Standard & Poors, Moody’s, and Fitch’s Ratings.
5. They offer Term life, Universal life, Indexed Universal life, Variable Universal life, and Whole Life.
6. Kansas City Life Insurance excels with their high ratings because not everyone can get such high ratings from these elite rating agencies. The fact that they also offer all kinds of life insurance products is a plus because since everyone has different needs, health, and lifestyles, one can relate to at least one of the many life insurance product offering.
7. Based on their financial strength and product offerings one can conclude that Kansas City Life Insurance is a commendable life insurance company, however, with every upside, there is a downfall. Really the only drawback of Kansas Life Insurance Company is that they are one among many other companies.
8. Purchasing a life insurance policy is a very personal experience and there is just no way to make a blanket statement about whether or not this company is the best because that really depends on person to person.

Kansas Life Insurance Company’s History

Kansas City Life was founded as Banker’s Life Association and Major William Warner served as their first president in 1895. It wasn’t until 1900 when the company renamed themselves to what we know today, Kansas City Life Insurance Company. 40 years later the company began to advertise their products on billboards in the Kansas City area. In 1945, the company celebrated their 50th anniversary when they introduced The President’s Club, which is a sales recognition program that lives on today. In 1974, Kansas City Life purchased Sunset Life insurance Company of America. In 1991, Kansas City Life acquired Old American Insurance Company. Four years later the company celebrated their 100th anniversary by adding the Kugel fountain as a tribute to its first century of service and a symbol of enduring commitment to their policy owners. In 2003, Kansas City Life acquired GuideOne Life Insurance Company.

Kansas Life Insurance Company Review 2017

As we mentioned earlier Kansas City was founded in 1895 which was 122 years ago. The company is a public company with over 500,000 policyholders from coast to coast. They operate in 48 states and has more than 2,500 representatives. Kansas City Life offers a variety of services and products such as individual life insurance products Variable life, Variable annuity, and group products through General Agencies. Kansas City Life Insurance is very secure financially and holds a respectable ranking. According to A.M Best, the financial rating for Kansas City Life Insurance is an “A” or excellent. This rating is the third best rating A.M Best gives out of 13 ratings from A++(Superior) to D (poor).

Why you should read a company’s rating

You should always want to look at a company’s rating when looking to invest in a company. You should also look into their financials because like we mentioned before you want to make sure you are going to receive your benefits, but you need to also take their ratings seriously. A company receives these ratings from popular rating agencies such as A.M Best, Standard & Poors, Moody’s, and Fitch’s Ratings. These ratings are not created out of thin air, the company that wants to receive a rating has to first contract help from one or all of these agencies and sign a contract allowing the agency to look through their financials. The agency would then look through every aspect of the company and analyze their financials, after doing so they come up with a rating that fits the company best and vote on the matter.

A good rating such as an “A-“, “A”, or “A+” basically shows that the company is financially stable and more than capable of paying out your policy’s benefits. However, a company with a low rating would be considered unstable and vulnerable if there is a change in the environment (such as the market crashing) this is not good news because more than likely they will not be around for much longer or will pull out soon leaving your policy and the money invested to be gone with the wind. Moral of all of this is to remind you to take a peek at a company’s rating because it will give you a good understanding of where they stand, financially, if they even stand at all.

Products offered by Kansas City Life Insurance Company

Like we mentioned earlier, Kansas City Life offers life insurance products which include a nice mix of both term and permanent life insurance. They offer Term life, Universal life, Indexed Universal life, Variable Universal life, and Whole Life. For more information on what these terms mean and offer click on the term and you will be redirected to a page where it will answer all your questions.

Term Life

• Term life is a form of temporary life insurance in which provides coverage for a short and specified period of time.
• You can choose lengths in which you would like to receive coverage.
• Kansas City Life offers two type of term life insurance policies, level term insurance, and level advantage term.
• For level term insurance, the term lengths available are 10, 15, 20, and 30-years.
• For level advantage term the term lengths available are 10, 20, and 30-years.
• There is also a third term policy that they offer called choice term 20 which allows you to have the minimum policy amount as $250,000, premiums don’t change, and you can purchase this plan as young as 18 years old.
• The premiums for term life insurance are much lower than other life insurance policies.
• Term life insurance policies are all convertible to permanent life insurance.
• Riders available for this product are; Income Insured Option, Terminal Illness Rider, Waiver of Premium, Accidental Death Benefit, and Spouse’s or Children’s Rider.

Universal Life

• Universal life is a form of permanent life insurance that provides coverage for your entire life.
• Universal life insurance policies build cash value over time.
• This cash value can be cashed out prior to your death in case you need it for medical bills etc.
• With universal life insurance, you are able to be more flexible than a whole life insurance which means you can adjust your death benefits.
• Premiums are flexible and can be adjusted to fit your ever so changing life. You can also change the frequency of your payments or even stop them altogether for a period of time.
• Interest rates with a universal life insurance plan are guaranteed to never fall below the rate specified in your policy.
• You also have the option of investment by redirecting your premiums into an indexed account based on the S&P 500 for 1 year.
• Riders available for this product are; Income Insured Option, Terminal Illness Rider, Waiver of Premium, Accidental Death Benefit, and Spouse’s or Children’s Rider.

Indexed Universal Life

• Indexed universal life is similar to universal life, it is still a form of permanent life insurance that provides coverage for your entire life.
• Indexed universal life doesn’t offer more growth potential life a traditional universal life insurance plan.
• You can allocate an amount for 12-month index period which in return earns index credits at the end of the term.
• Riders available for this product are; Income Insured Option, Terminal Illness Rider, Waiver of Premium, Accidental Death Benefit, and Spouse’s or Children’s Rider.

Variable Universal Life

• Variable life insurance is another variation of the universal life insurance policy.
• This plan gives you more leeway with your investment.
• Keep in mind that with this plan you cannot buy and move on with your life you need to be attentive with this plan.
• There are the same opportunities for investment like a traditional universal life insurance policy.
• Riders available for this product are; Income Insured Option, Terminal Illness Rider, Waiver of Premium, Accidental Death Benefit, and Spouse’s or Children’s Rider.

Whole Life

• Whole life is another form of permanent life insurance that also provides coverage for, you guessed it, your WHOLE life.
• Kansas City Life offers a whole life plan that has guaranteed premiums that won’t go up.
• Death benefits are also guaranteed but have no options in regard to changing your premiums or the amount of your death benefits.
• Riders available for this product are; Income Insured Option, Terminal Illness Rider, Waiver of Premium, Accidental Death Benefit, and Spouse’s or Children’s Rider.

The Pros or advantages of Kansas Life Insurance Company

Kansas City Life Insurance excels with their high ratings because not everyone can get such high ratings from these elite rating agencies. The fact that they also offer all kinds of life insurance products is a plus because since everyone has different needs, health, and lifestyles, one can relate to at least one of the many life insurance product offering. Like we mentioned earlier, life insurance is not a one size fits all kind of thing, so if this company doesn’t fit your needs don’t be alarmed you have other options.

The Cons or disadvantages of Kansas Life Insurance Company

Based on their financial strength and product offerings one can conclude that Kansas City Life Insurance is a commendable life insurance company, however, with every upside, there is a downfall. Really the only drawback of Kansas Life Insurance Company is that they are one among many other companies. Purchasing a life insurance policy is a very personal experience and there is just no way to make a blanket statement about whether or not this company is the best because that really depends on person to person.

Final Thoughts

In conclusion, whether you found Kansas City Life Insurance Company to be the company for you or not you should still shop around for quotes. If you have 30 seconds go below this article and fill out our super easy quote engine so that you can see yourself what different highly rated companies have to offer. This way you can see quotes and compare them all in one. Or you can take advantage of our FREE service and give us a call today. We offer a service in which we don’t rest until we find the best life insurance company for you, not only do we have access to over 60 top rated companies but we will also do your application for you! Don’t DIY when you have us around, give us a call today so you don’t have to worry about it tomorrow. DIY, doing it yourself, can cause you to research for hours and we are here to do all the work for you so that you can spend time with those who really do matter, your family.

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