Financial stability, based on a history of fiscal integrity, highlights Kansas City Life’s record of progress. For more than 115 years, Kansas City Life Insurance Company has seen the insurance and financial services world transform dramatically. We are prepared to see our policyholders through the challenges of the future.
Kansas City Life’s reputation is built on integrity, sound fiscal policies and honest business practices. To us, integrity is not an outdated notion in a fastpaced world. It is the guiding force behind every decision we make. Every policy we sell is backed by more than a century of quality service and financial stability.
Variable Product Series
Kansas City Life’s Century II variable product series is distributed by Sunset Financial Services Inc., Member FINRA and SIPC, a wholly owned subsidiary of Kansas City Life Insurance Company.
5716
www.kclife.com
Single Premium Affinity Variable Annuity
Building your future with a secure partner
5.10m
For Broker-Dealer Use Only. Not for Use with Members of the Public.
Single Premium Affinity VA Type of policy
Single premium variable annuity with bonuses and GMDB options
Market availability
Nonqualified market, TSA (403(b)/501(c)(3)), IRA, SEP and pension plans (401(k), Profit Sharing, etc.)
Minimum issue limits Issue age
$10,000 initial premium. Any additional deposits must be at least $50.
Guaranteed minimum death benefit adjusted proportionately for any partial surrenders, less any loan balance
0 to 90 for the owner, 0 to 80 for the annuitant Annuitant: 1)Base GMDB: greater of premiums paid or contract value. No charge. 2) Annual Ratchet GMDB: greater of Base GMDB or greatest contract value on every contract anniversary on or preceding annuitant’s death or age 80. Annualized charge of 0.20% of variable subaccount value. (Available for issue ages 75 and below.) 3) Enhanced Combination GMDB: greater of Base GMDB; premiums paid accumulated annually at 5% up to 2X net premiums paid; or greatest contract value on every contract anniversary on or preceding annuitant’s death or age 80. Annualized charge of 0.35% of variable subaccount value. (Available for issue ages 70 and below.) Owner, if other than annuitant: Cash surrender value.
Fixed Account guaranteed interest rate/allocation restriction
1) Annualized rate of 0.15% on the value of the variable subaccounts when the contract value is equal to or greater than $100,000. 2) Annualized rate of 0.20% on the value of the variable subaccounts beginning in year nine.
Premium tax
Varies by state. Payable when contract is annuitized or surrendered.
Contract charge
$30 per year, deducted at beginning of contract year. Waived if contract value is equal to or greater than $50,000. 0.15% of variable subaccount value
Surrender charge
Non-Style Specific
Invesco V.I. Technology Fund*** Calamos® Growth & Income Franklin Small-Mid Cap Growth Securities Fund (Class 2) MFS® Total Return Series MFS® Utilities Series Seligman Communications & Information Portfolio (Class 2)
International
American Century VP International Fund Templeton Foreign Securities Fund (Class 2)
Global Real Es t a t e ( RE I T S)
Franklin Global Real Estate Securities Fund (Class 2)
Small Cap
JPMorgan Insurance Trust Small Cap Core Portfolio Seligman Smaller-Cap Value Portfolio (Class 2) Dreyfus Opportunistic Small Cap Portfolio**
3% / $250,000 without prior approval
Guaranteed contract value bonus
Administrative charge Mortality and expense risk charge (M&E)
Kansas City Life’s variable universal life products offer a wide range of investment choices managed by some of today’s top experts in money management. You and your clients may select up to 15 of the available investment choices. Emerging Templeton Developing Markets Securities Fund (Class 2) Markets
Mid Cap
1.25% of variable subaccount value Contract years 1-2 3 4 5
Percentage 8% 7% 6% 5%
G row t h Contract years 6 7 8 9+
Percentage 4% 3% 2% 0%
Transfer fees
Six free per contract year. $25 for each additional transfer.
Fixed Account transfer restriction
Years 1-7: Limit one per contract year, not to exceed 25% of the unloaned value. Years 8+ no restriction.
Large Cap C o re Va l u e
Seligman Capital Portfolio (Class 2) JPMorgan Insurance Trust Mid Cap Value Portfolio American Century VP Capital Appreciation Fund American Century VP Mid Cap Value Fund American Century VP Ultra® Fund Dreyfus Socially Responsible Growth Fund MFS® Growth Series Invesco V.I. Capital Appreciation Fund*** Federated Capital Appreciation Fund II* Invesco V.I. Core Equity Fund*** Fidelity VIP Contrafund Portfolio Dreyfus VIF Appreciation Portfolio Dreyfus Stock Index Fund JPMorgan Insurance Trust U.S. Equity Portfolio MFS® Research Series American Century VP Value Fund American Century VP Income & Growth Fund Federated High Income Bond Fund II
Policy loans
Available only in TSA (403(b)/501(c)(3)) market. Minimum $2,500. Maximum subject to contract restrictions. Contact KCL Customer Services for maximum loan quote.
High Yi e l d B o n d s A g g re g a t e Bonds
MFS® Research Bond Series
Load-free partial surrenders
Starting in year 1, up to 10% of the contract value may be withdrawn once per contract year without a surrender charge.
TIPs
American Century VP Inflation Protection Fund (Class II)
Systematic partial surrenders
Semi-annual, quarterly or monthly. Minimum $100. Replaces load-free partial surrender. Surrender charge will be assessed when cumulative annual withdrawal exceeds 10% of contract value.
Cash
Federated Prime Money Fund II
Confinement of owner to a licensed nursing home, for at least 90 days. Contract value will be paid out in equal payments over at least a 3-year period with no surrender charges.
Kansas City Life The Kansas City Life Fixed Account has not been analyzed by Ibbotson Associates, nor is it included in the variable product asset allocation models. Please see the variable product prospectus for details. Fixed Account
Nursing home waiver Dollar cost averaging Automatic portfolio rebalancing
FIVE Plus (GMWB)
Monthly for 3 - 36 months. Minimum $250 transfer per month from the Federated Prime Money Fund II Quarterly. Fixed Account excluded. FIVE Plus Guaranteed Minimum Withdrawal Benefit (GMWB) rider guarantees the return of all invested amounts as long as withdrawals do not exceed contract limits. FIVE Plus provides either a 20-year or a lifetime guaranteed income stream for those starting income at age 65 or later. A rider charge is deducted on each monthly anniversary date.
For Broker-Dealer Use Only. Not for use with members of the public.
Ta r g e t Date Funds
Fidelity VIP Freedom Income Portfolio Fidelity VIP 2015 Portfolio Fidelity VIP 2025 Portfolio Fidelity VIP 2035 Portfolio Fidelity VIP 2045 Portfolio
MFS® Strategic Income Series1
Fidelity VIP 2010 Portfolio Fidelity VIP 2020 Portfolio Fidelity VIP 2030 Portfolio Fidelity VIP 2040 Portfolio Fidelity VIP 2050 Portfolio
*The Federated American Leaders Fund changed name to Federated Clover Value in May 2009. In February 2010 the fund will merge into the Federated Capital Appreciation Fund, which is classified in the Large Cap Core classification. **The Dreyfus Developing Leaders fund changed name to the Dreyfus Opportunistic Small Cap fund in February 2010. ***The AIM funds changed names to Invesco due to the merger.
Used with permission. © 2010 Ibbotson Associates, Inc. All rights reserved.