Kansas City Life Insurance Company

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Kansas City Life Insurance Company
Public
Traded asNASDAQKCLI
IndustryInsurance & Finance
Founded1895
HeadquartersKansas City, Missouri, US
Key people
R. Philip Bixby, President & CEO
Number of employees
500
Websitewww.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:

  • Kansas City Life Insurance Company
  • Old American Insurance Company
  • Sunset Life Insurance Company of America
  • Sunset Financial Services Inc.

About[edit]

Kansas City Life Insurance Company was established in 1895 in Kansas City, Mo. It currently offers term, whole life, and universal life products, including indexed universal life and variable universal life.

History[edit]

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.

Legal issues and recent lawsuits[edit]

Like most life insurance companies, Kansas City Life has been involved in a handful of legal issues and lawsuits regarding non payment of death claims and disputes of benefit distributions over the years.


6/9/2019 Two law firms claimed in a federal lawsuit accused Kansas City Life Insurance Company “systematically overcharged” customers for insurance and expenses, depleting cash values for possibly hundreds of policy owners. As of 10/1/2019 the case has yet to be brought to trial.


1/5/2017 Michelle Tran, Plaintiff sued KANSAS CITY LIFE INSURANCE COMPANY, a business entity for denial of her spouse's death claim. The insured lied about his health on the insurance application and the judge ruled in favor of the Company.


1/19/1996 The personal representatives of Leora Pearl Pelter, deceased, brought suit on behalf of the Pelter estate against Kansas City Life Insurance Company claiming breach of a life insurance contract on the life of Mrs. Pelter’s husband. The Court of Civil Appeals reduced the punitive damages award against Kansas City Life from $10,000,000.00 to $500,000.00, but affirmed the judgment against Kansas City Life in all other respects.

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