BNET Industries
Market Cap:$271.1M
Last Fiscal Year Sales:$439.2M
- Public
- US
Dow Jones Description
Founded in 1895 and headquartered in Kansas City, MO, Kansas City Life Insurance Company (NASDAQ-CM: KCLI) provides financial protection primarily through the sale of life insurance and annuities. It sells through a network of general agencies located throughout the United States, as well as third-party marketers. Its subsidiaries include Sunset Financial Services, which offers brokerage services, and Old American Insurance Company, which provides peace of mind to the senior market. The company, which operates in 49 states and the District of Columbia, had 2006 revenue of about $448.4 million and employs about 540 people. In June 2006, it signed an agreement whereby American Republic Insurance Company agents will market its insurance products.
President, Chief Executive Officer & ChairmanR. Philip Bixby
Number of Employees 512
Contact Information
3520 Broadway
PO Box 219139
Kansas City, Missouri 64111-2565
(816) 753-7000
Peer Companies
NAICS Code Direct Life Insurance Carriers: 524113
Recent Events
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A.M. Best Affirms Ratings of the Kansas City Life Group of
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Insurers, medical groups mirror hospitals’ caution
News & Analysis
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kansas city life insurance co. - All News and Analysis
A.M. Best Affirms Ratings of the Kansas City Life Group of Companies
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A Excellent and issuer credit ratings ICR of âaâ of Kansas City Life Insurance...
Jackson County jury awards $500K; arbitration claim lingers
A $500,000 jury verdict returned recently in Jackson County might not be the last word in the case, pending the outcome of an appeal claiming some of the underlying issues should have been arbitrated first. The verdict, though sizable, was far less than the $4 million that...
Jackson County jury awards $500K; arbitration claim lingers
A $500,000 jury verdict returned recently in Jackson County might not be the last word in the case, pending the outcome of an appeal claiming some of the underlying issues should have been arbitrated first. The verdict, though sizable, was far less than the $4 million that...
Acreage Buy I
Nearly 32 acres in the Little Rock Port Industrial Park tipped the scales at $1.24 million. Novus Arkansas LLC of St. Charles, Mo., purchased the land between Sloane Drive and Lindsey Road from Kansas City Life Insurance Co. Kansas City Life acquired the land as part...
A.M. Best Affirms Ratings of the Kansas City Life Group of Companies
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A Excellent and the issuer credit ratings ICR of "a" of Kansas City Life Insurance Company Kansas City Life (NASDAQ: KCLI) and its subsidiary, Sunset Life Insurance Company of America. Additionally, A.M. Best has affirmed the...
Heller, Coates families pay $4.1M for Tulsa warehouse
A partnership between the Heller Family Investments LLC and John and Mary Coates paid $4.1 million for the last of five Kansas City Life Insurance Co. bulk warehouses on the market. The sale of the 100,000-square-foot Airpark Distribution Center 3 marks the third such investment by the...
Heller family pays $4.2M for second Tulsa warehouse
For the second month in a row, Heller Family Investments LLC paid just over $4 million to Kansas City Life Insurance Co. for a Tulsa industrial building. In this, the fourth sale this year from the five spec industrial buildings Kansas City Life built between 2004...
Heller family pays $4.1M for warehouse
TULSA - The Heller Family Investments LLC paid $4.1 million for the 100,000-square-foot Airpark Distribution Center 1 industrial building in Tulsa. The seller, Kansas City Life Insurance Co., opened the structure in 2004 at 11401 E. 27th St. North, just off south Garnett Road and U.S. Highway...
Heller family pays $4.1M for warehouse in Tulsa
The Heller Family Investments LLC paid $4.1 million for the 100,000-square-foot Airpark Distribution Center 1 industrial building in Tulsa. The seller, Kansas City Life Insurance Co., opened the structure in 2004 at 11401 E. 27th St. North, just off south Garnett Road and U.S. Highway 169. ...
A.M. Best Affirms Ratings of the Kansas City Life Group of Companies
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength ratings FSR of A Excellent and the issuer credit ratings ICR of "a" of Kansas City Life Insurance Company Kansas City Life (NASDAQ:KCLI) and its subsidiary, Sunset Life Insurance Company of America. Additionally, A.M. Best has affirmed the FSR...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bruce Gordon | Senior Vice President, Marketing |
| Charles Duffy Jr. | Senior Vice President, Operations |
| Donald E. Krebs | Senior Vice President, Marketing |
| Mark A. Milton | Senior Vice President & Actuary |
| Robert Miller | Senior Vice President, Admin Services |
| Tracy Knapp | Senior Vice President, Finance |
| William Schalekamp | General Counsel, Secretary & Senior Vice President |
| Bruce G. Olberding | Vice President, Broker, Dealer |
| Dan L. Schick | Vice President & Auditor |
| David Laird | Vice President and Controller |
| J. Todd Salash | Vice President, Computer Info Services |
| John L. Nogalski | Vice President, Taxes |
| Peter Hathaway | Vice President & Director, Medical |
| Philip A. Williams | Vice President, Securities |
| Richard D. Ropp | Vice President, Customer Services |
| Stephen E. Ropp | Vice President, Operations Services |
| W. David Phillips | Vice President, Group |
| Cheryl Keefer | Assistant Secretary |
| Cecil R. Miller | Director |
| Webb R. Gilmore | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| R. Philip Bixby | President, Chief Executive Officer & Chairman |
| Bradford T. Nordholm | Board of Directors |
| Daryl D. Jensen | Board of Directors |
| E. Larry Winn | Board of Directors |
| Michael Braude | Board of Directors |
| Nancy Bixby Hudson | Board of Directors |
| Richard L. Finn | Board of Directors |
| Walter E. Bixby | Vice Chairman |
| Warren J. Hunzicker | Board of Directors |
| William R. Blessing | Board of Directors |
Mr. Bixby has been a Director of the Company since 1985. He was elected Assistant Secretary in 1979; Assistant Vice President in 1982; Vice President in 1984; Senior Vice President, Operations in 1990; Executive Vice President in 1996; President and CEO in April 1998, Vice Chairman of the Board in January 2000 and Chairman of the Board in 2005. Mr. Bixby is the brother of Walter E. Bixby and the cousin of Nancy Bixby Hudson. He is also Chairman and President of Sunset Life, Chairman of Old American and Director of Sunset Financial Services, subsidiaries.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | President, Chief Executive Officer & Chairman | Current |
| Sunset Life Insurance Company | President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Senior Vice President, Marketing | Current |
Elected Vice President, Computer Information Services in 1989; Vice President, Insurance Administration in 1992; and to present position in 1996. Responsible for the Company’s Computer Operations, Customer Services, Claims, Agency Administration, New Business, Medical, Underwriting, Human Resources, Facility Services, Distribution Services, Printing and Office Services. Director of Sunset Life, Sunset Financial and Old American, subsidiaries.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Senior Vice President, Operations | Current |
Elected Senior Vice President, Sales & Marketing in April 2004. Served as Vice President, Agency Marketing 2001- 2004, and Regional Vice President 1996-2001. Responsible for Individual Sales & Marketing efforts for Kansas City Life. Director and Vice President of Sales & Marketing for Sunset Life; Director and Vice President of Sunset Financial Services, subsidiaries.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Senior Vice President, Marketing | Current |
| Sunset Life Insurance Company | Board of Directors | Current |
Elected Assistant Actuary in 1984; Assistant Vice President Associate Actuary in 1987; Vice President Associate Actuary in 1989; Vice President and Actuary in January 2000; and to present position in January 2001. Responsible for Actuarial Services, State Compliance and Group. Director, Vice President and Actuary of Sunset Life and Director of Old American, subsidiaries.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Senior Vice President & Actuary | Current |
| Sunset Life Insurance Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Senior Vice President, Admin Services | Current |
| Organization | Position | Status |
|---|---|---|
| Old American Insurance Company | CFO & Vice President | Current |
| Kansas City Life Insurance Company | Senior Vice President, Finance | Current |
| Kansas City Life Insurance Company | Board of Directors | Current |
| Kansas City Life Insurance Company | Principal Financial Officer | Former |
Mr. Schalekamp has been a Director of the Company since 2002. He was elected Assistant Counsel in 1973; Associate Counsel in 1975; Assistant General Counsel in 1980; Associate General Counsel in 1984; Vice President and Chief Compliance Officer/Associate General Counsel in January 2002, and to his present position in April 2002. He is responsible for the Legal Department, Office of the Secretary, Stock Transfer Department, and Market Compliance.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | General Counsel, Secretary & Senior Vice President | Current |
| Kansas City Life Insurance Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Broker, Dealer | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President & Auditor | Current |
Elected the Company’s Vice President and Controller December 18, 2007. Chief Accounting Officer responsible for all corporate accounting reports. Mr. Laird has been with the Company since 1982, most recently as its Assistant Vice President and Assistant Controller. Mr. Laird replaced Brent C. Nelson who resigned November 26, 2007.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President and Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Computer Info Services | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Taxes | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President & Director, Medical | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Securities | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Customer Services | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Operations Services | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Vice President, Group | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Assistant Secretary | Current |
Mr. Nordholm has been a Director of the Company since 2004. Mr. Nordholm is CEO of Starwood Energy Group Global LLC. He had previously been CEO of TYR Energy, Inc. and TYR Capital, LLC. He also served as Senior Vice President/General Manager Capacity Services for Aquila, Inc.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
Mr. Miller has been a Director of the Company since 2001. Mr. Miller is a retired partner of KPMG LLP (formerly Peat, Marwick, Mitchell & Co.) He joined KPMG in 1957 and became an audit partner specializing in insurance and agribusiness. He retired in 1990.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Director | Current |
Mr. Jensen has been a Director of the Company since 1978. Mr. Jensen served as President of Sunset Life, a subsidiary of Registrant, from 1973 until his retirement in 1999. Mr. Jensen serves as a Director of Sunset Life. He also is on the Board of Directors of Central Valley Bank, Heritage Financial Corporation, Panorama City Corporation, and is Vice President, Finance of Western Institutional Review Board.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
Mr. Winn has been a Director of the Company since 1985. Mr. Winn is retired as the Kansas Third District Representative to the U.S. Congress.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
Mr. Braude has been a Director of the Company since 2006. From 1984 to 2000, he was President and CEO of the Kansas City Board of Trade. Mr. Braude also serves as a director of the Kansas City Board of Trade, Midwest Trust Co., Midwest Grain Products, Inc., and Hodgson Company. He is a past chairman of the National Grain Trade Council. He is a trustee of the Kansas Public Employees Retirement Fund, and a trustee of Midwest Research Institute. He writes a weekly column for the Kansas City Business Journal.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
Ms. Hudson has been a Director of the Company since 1996. Ms. Hudson is the cousin of R. Philip Bixby and Walter E. Bixby. She also serves as a Director of Sunset Life and of Old American, subsidiaries. She is an investor.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
Mr. Finn has been a Director of the Company since 2004. He was elected Vice President in 1976; Financial Vice President in 1983; and to Senior Vice President, Finance in 1984. He previously served as a Director of the Company from 1983 to 2002 when he retired from the Company.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Old American Insurance Company | Chairman | Current |
| Kansas City Life Insurance Company | Vice Chairman | Current |
| Kansas City Life Insurance Company | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Director | Current |
Mr. Blessing has been a Director of the Company since 2001. Mr. Blessing has retired as Senior Vice President, Corporate Strategy and Development, Embarq, a position he held since the company became independent in 2006. He has held similar duties with Sprint and related entities in various capacities since 1981. He also serves on the Board of various charitable groups.
| Organization | Position | Status |
|---|---|---|
| Kansas City Life Insurance Company | Board of Directors | Current |
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