KANSAS CITY LIFE INSURANCE CO - 10-Q filing on 2012-10-26

Notes Payable	9 Months Ended
Sep. 30, 2012
Notes Payable	*9. Notes Payable* The Company had no notes payable at September 30, 2012 or December 31, 2011. As a member of the Federal Home Loan Bank of Des Moines (FHLB) with a capital investment of $4.7 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 both the third quarter and the nine-month period ended September 30, 2012. Dividends received were less than $0.1 million in the third quarter and $0.1 million for the nine-month period ended September 30, 2011. 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 2013. The Company anticipates renewing these lines as they come due.

Notes Payable

9 Months Ended

Sep. 30, 2012

9. Notes Payable

The Company had no notes payable at September 30, 2012 or December 31, 2011.

As a member of the Federal Home Loan Bank of Des Moines (FHLB) with a capital investment of $4.7 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 both the third quarter and the nine-month period ended September 30, 2012. Dividends received were less than $0.1 million in the third quarter and $0.1 million for the nine-month period ended September 30, 2011.

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 2013. The Company anticipates renewing these lines as they come due.