KANSAS CITY LIFE INSURANCE CO - 10-Q filing on 2011-10-28

Notes Payable	9 Months Ended
Sep. 30, 2011
Notes Payable [Abstract]
Notes Payable	*8. Notes Payable* The Company had no notes payable at September 30, 2011 or December 31, 2010. As a member of the Federal Home Loan Bank of Des Moines (FHLB) with a capital investment of $4.9 million, the Company has the ability to borrow on a collateralized basis from the FHLB. The Company received dividends on the capital investment of less than $0.1 million in the third quarter and $0.1 million for the nine-month period ended September 30, 2011. Dividends received were less than $0.1 million in the third quarter and $0.1 million for the nine-month period ended September 30, 2010. The Company has unsecured revolving lines of credit of $60.0 million with two major commercial banks with no balances outstanding and which are at variable interest rates based upon short-term indices. These lines of credit will expire in June of 2012. The Company anticipates renewing these lines as they come due.

Notes Payable

9 Months Ended

Sep. 30, 2011

8. Notes Payable

The Company had no notes payable at September 30, 2011 or December 31, 2010.

As a member of the Federal Home Loan Bank of Des Moines (FHLB) with a capital investment of $4.9 million, the Company has the ability to borrow on a collateralized basis from the FHLB. The Company received dividends on the capital investment of less than $0.1 million in the third quarter and $0.1 million for the nine-month period ended September 30, 2011. Dividends received were less than $0.1 million in the third quarter and $0.1 million for the nine-month period ended September 30, 2010.

The Company has unsecured revolving lines of credit of $60.0 million with two major commercial banks with no balances outstanding and which are at variable interest rates based upon short-term indices. These lines of credit will expire in June of 2012. The Company anticipates renewing these lines as they come due.