The following review of Kansas City Life will provide an overview of the company’s strengths and products. With hundreds of companies in the marketplace, it is difficult to know which carriers represent the top rated best life insurance companies out there. At TermLife2Go, we provide both exam and no exam life insurance options so our clients can find the right company at the right price, based on each client’s unique need, health and lifestyle. Give us a call today to see what we can do for you!
Note: we are not KCLife.com. If you need to reach the company please call 1-800-821-6164 .
Kansas City Life Review
About Kansas City Life Insurance Company
As the name suggests, Kansas City Life Insurance was first established in Kansas City (the Missouri side!). That was in 1895, but today, more than 120 years later, Kansas City Life Insurance Company operates in 48 states and Washington D.C.
Kansas City Life Insurance Company’s Ratings
There are a number of third party organizations who help customers to choose where to invest their money, and what financial products to buy. They do this by rating financial institutions such as life insurance companies. Ratings are based on thorough analysis and inspection of a life insurance company’s financial records, standing, and future outlook. One of the most prominent third party rating agencies is A.M. Best. A.M. Best has 13 different ratings ranging from A++ to D.
Kansas City Life Insurance was awarded an A+ by A.M. Best Company. A.M. Best’s opinion matters—mostly because it’s not an opinion. Their research is thorough, and when they grant a life insurance company a rating, it usually carries a lot of weight. Seeing that Kansas City Life Insurance has such a high rating says a lot about the company—life insurance seekers will likely be in good hands if they choose to purchase a life insurance policy from Kansas City Life Insurance Company.
Kansas City Life Insurance Company’s Products
Term Life Insurance: this is a life insurance policy that offers coverage for a set amount of time. The premiums are much lower than other life insurance policies because of this. The payout from life insurance is tax-free. The policy is convertible; therefore, should you purchase a term life insurance policy from Kansas City Life and then decide you want to continue your coverage, you can. See our term life insurance rates charts for examples on how much term life insurance costs.
Universal Life Insurance: This is a policy that lasts the entire duration of your life. Should you die at 40 or 90, your family will receive a death benefit if you have a universal life insurance policy. Universal Life Insurance policies build cash value that can be cashed out prior to your death should you need it. The premiums are flexible and can be adjusted depending on your ability to pay.
Indexed Universal Life Insurance: This is similar to a Universal Life Insurance policy except that there is more growth potential. You can allocate an amount for 12-month index periods, which then earns index credits at the end of the term.
Variable Universal Life: Another variation of the Universal Life Insurance policy, Variable Universal Life gives you more leeway in your investment. This option is good for someone who has the time and know-how to look after an investment; if you just want to purchase a policy and forget about it, then this is not a good option for you.
Whole Life Insurance: When you sign up for whole life insurance, you have a guaranteed premium that won’t go up. The benefit is, that as the name suggests, Whole Life insurance policies offer coverage for your entire life. The disadvantage is that this is usually a more costly type of life insurance than a term life insurance policy.
Kansas City Life Insurance also offers life insurance seekers a variety of life insurance riders that make your policy more customized to your specific needs.
Overall Opinion of Kansas City Life Insurance Company
Kansas City Life Insurance Company is a decent sized life insurance company that’s been in the game for quite some time. This is important since a life insurance policy should be issued by a company that’s actually going to be around once it comes time for your relatives to collect the death benefit. They aren’t the biggest life insurance company, but certainly not the smallest, either. One might say, they’re just the right size to offer the kind of life insurance infrastructure of a large company while still being attentive to policyholders on an individual level.
Are there any cons to Kansas City Life?
Well, not really. The only drawback of purchasing a life insurance policy from Kansas City Life is that you’re making a decision to stick with what one company has to offer. You might be happy, but is it actually the very best choice for you? For some, yes. For others, maybe not.
Purchasing a life insurance policy is a very personal experience. There is no way to make blanket statements about whether one life insurance company is better than another because that really depends person to person.
Is Kansas City Life Insurance Company Right for Me?
Like we said, buying a life insurance policy really comes down to each individual person. For many people, we’re sure that Kansas City Life Insurance is a great way to go. However, for many people, it may be a good option, just not the best option. Finding the best option requires choices.
That’s why you need TermLife2Go
We suggest that in order to know if Kansas City Life Insurance really is the best for you, to give them a call. See what they have to say and offer considering your personal life situations and needs. Then, call TermLife2Go.
We work with many of the top life insurance companies in the United States. While we do not work with Kansas City Life Insurance, we do know they are a great company. We will, however, help you to know which of the many life insurance companies we work with we believe will offer you the best deal and the best life insurance policy. Then, you can compare that to what Kansas City Life Insurance has offered and decide for yourself which is the best life insurance company for you.
Either way, TermLife2Go wants to see you with the best life insurance coverage you can get. When you’ve got great life insurance coverage, then we’re happy!
If you would like to know more, call TermLife2Go for a free consultation.
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