February 27, 1998
Dear Valued Customer:
Enclosed are year-end annual reports for the 14 investment subaccounts
supporting your Century II variable contract. While reviewing this current
information, keep in mind that your variable contract is part of a long-term
financial plan designed to work for you over many years.
You, like others, have recognized the importance of including a Kansas City Life
Variable product in your overall financial planning. That's evidenced by the 353
percent increase in sales during 1997. Assets under management on December 31,
1997, increased 317 percent over year-end 1996. Even though variable products
are a recent addition to Kansas City Life, they now represent 47 percent of all
new first year premiums.
Financial markets in the U.S. continued to advance during 1997 as a result of
steady economic growth, continuing low inflation and low interest rates. Even
with the recent economic upheaval in Asia, overall global trends have shown
positive growth and low inflation. However, it's important to keep focused on
diversifying and allocating assets based on your goals and tolerance for risk.
I would like to take this opportunity to recap some other 1997 highlights:
In May, we enhanced our variable products by adding three subaccounts from
Dreyfus, a well-known investment management company. They are: (1) Capital
Appreciation Portfolio, a large-cap growth stock account; (2) Small Cap
Portfolio; and (3) Stock Index Fund, a fund that seeks to track the Standard &
Poor's 500 Composite Stock Price Index.
In August, Kansas City Life introduced a Survivorship Variable Universal Life
product that insures two people, pays at the second death and is commonly used
for funding estate taxes. If you have a need for this type of product, contact
your registered representative for a prospectus and additional information.
If you have questions about these reports or your Century II variable contract,
please call your registered representative or Kansas City Life at
1-800-616-3670. You also may obtain policy and billing information 24 hours a
day, 7 days a week by calling 1-800-572-2467.
We appreciate your business and thank you for the trust you have placed in us.
Kansas City Life remains committed to helping customers build a financially
sound future for themselves and their families.
Sincerely,
/s/ W. E. Bixby
W. E. Bixby, President
Securities offered through Sunset Financial Services, Inc., 3520 Broadway,
Kansas City, MO 64111, (816) 753-7000 (OSJ), Member NASD/SIPC.
