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Single PremiumAffinity VariableAnnuityVariable Product SeriesBuilding your future with a secure partnerKansas City Life Insurance Company
Single Premium AffinityVariable AnnuityFeatures at a GlanceMinimum Deposit 10,000 minimum initial depositContractValue Bonus 0.15 percent annualized rate of the value in thevariable subaccounts paid monthly if the contractvalue is 100,000 or more 0.20 percent annualized rate of the value in thevariable subaccounts paid monthly beginning inthe ninth contract yearGuaranteed Death Benefit* The Base Guaranteed Minimum Death Benefit is(See Page 4 for details.)the greater of the premium paid or the contractvalue, available at no additional charge. The Annual Ratchet Guaranteed Minimum DeathBenefit is the greater of the base death benefit orthe greatest contract value. The Enhanced Combination GuaranteedMinimum Death Benefit is the greatest of thebase death benefit, premium paid accumulatedannually at 5 percent interest or the greatestcontract value.Surrender ChargeThere is an eight-year surrender charge schedule.Annual Fee 30 annual fee, waived if the contract value is 50,000 or moreVariable Account Charge1.40 percent annualized charge to variablesubaccountsSee your Single Premium Affinity Variable Annuity prospectus for product details and charges.*Guarantees are backed by the claims-paying ability of Kansas City Life.
What is a single premium variable annuity?A single premium variable annuity is a savings vehicle that helpsyou accumulate assets on a tax-deferred basis. Annuities are issuedby insurance companies and are the only investment vehiclethat can guarantee* an income for your entire lifetime – one youcannot outlive.A variable annuity (VA) allows you to decide how to invest yourmoney. You can choose from a diverse portfolio group that includesa variety of investment options, offering you an opportunity for ahigher rate of return. Most variable annuities offer a fixed accountwith a guaranteed minimum interest rate. In short, a variableannuity can offer the best of both worlds.Single premium variable annuities also offer protection for yourheirs in the form of guaranteed* minimum death benefits. Mostsingle premium variable annuities provide for at least a returnof the principal invested (adjusted for any withdrawals or loans);many provide for enhanced guaranteed* minimum death benefits.*Guarantees are backed by the claims-paying ability of the issuinginsurance company.1
Who should considera single premium variableannuity?Single premium variable annuities are aneffective way to get a head start on yourretirement savings because they can growyour money faster than fixed annuities. Ofcourse, they can also lose money. Variableannuities are best suited for investors willingto take some risk in order to take advantageof the opportunity for higher rewards.Variable annuities can also be a goodchoice if you’ve invested the maximumamount allowed in your employer-sponsoredretirement plan or if you are self-employed.And, a variable annuity can help youmanage retirement income and controlwhen you pay your taxes.Why chooseKansas City Life’s SinglePremium Affinity VA?Kansas City Life Insurance Company’s SinglePremium Affinity VA is designed to help youachieve your lifelong objectives of financialsecurity. Because acquiring a substantialnest egg doesn’t just happen, the SinglePremium Affinity VA can be an importantpart of your complete financial plan.The Single Premium Affinity VA gives youthe opportunity for increased earnings, taxadvantages and the expertise of professionalinvestment managers, along with many ofthe key features of a traditional annuity.2
Tax-Deferred GrowthAfter 30 YearsTax Deferral(No Taxes)Liquidation Value(Taxed Liquidation) 301,880 217,597Annually Taxed(No Deferral) 150,371The illustration assumes a single contribution of 30,000, a hypothetical annual rate of return of 8percent and an annual tax rate of 31 percent. Thisillustration is for comparison purposes only and isnot intended to represent the performance of anyinvestment security. A 10 percent federal tax penaltymay be imposed on surrenders by purchasers whohave not yet reached age 59 ½. Withdrawals of taxdeferred accumulations may be subject to ordinaryincome taxes. The Single Premium Affinity VA hasa 1.25 percent mortality and expense charge and a0.15 percent administrative fee that is waived if thecontract value is 50,000 or more at the beginningof the contract year. The fees and charges associatedwith variable annuities, when taken into account,would lower the earnings of this investment.Effects of Compounding at Age 65* 350,000 300,000 250,000 200,000 150,000 100,000Saved 2,000 ayear for10 years,starting atage 25Saved 2,000 ayear for30 years,starting atage 35 50,0000*Assumes interest rate of 8 percent over the investmentperiod. This is a hypothetical example and forillustrative purposes only. It does not represent theperformance of any specific investment.Using tax deferral to meetyour goalsOne reason annuities have been sopopular over the years is the taxadvantages they offer.Tax deferral means your money staysinvested and works to build more moneyfor your future. Unlike traditional savingsvehicles, annuity earnings are not taxeduntil you begin receiving payments ortake a withdrawal. That translates intomore money you get to keep.Investing in an annuity within a tax-deferredaccount such as an Individual RetirementAccount (IRA) will provide no additionaltax savings.The importance of timeThe time value of money is another importantfactor in building a strong cash reserve.Although it’s never too late to plan forretirement, the earlier you start the easier it willbe to accumulate the funds you need. Why? You will have more years to build aretirement nest egg; Your savings program will become ahabit; and The effects of compounding will bemagnified with time, as shown in theaccompanying chart.3
Making your money work as hard as you doAdded benefits of the Single Premium Affinity VA include services andcontract design features to help you in planning and using the contract toyour best advantage.Guaranteed Minimum Death Benefit (GMDB)*The Single Premium Affinity VA offers you a choice of three death benefitoptions to help assure proceeds are available when they are needed most: 4The Base GMDB is the greater of the premium paid or the contract value.There is no additional charge for this option.The Annual Ratchet GMDB for ages 80 and below is the greater of the Basedeath benefit or the greatest contract value as of a contract anniversaryduring any point the contract has been in effect on or preceding theannuitant’s date of death. This option is available for an annualized chargeof 0.20 percent of the value of the funds in your variable subaccounts.The Enhanced Combination GMDB for ages 80 and below is thegreatest of: 1) the Base death benefit; 2) the premium paid, accumulatedannually at 5 percent interest until the day of the annuitant’s death, upto a maximum of two times the net premium deposited; or 3) the highestcontract value as of a contract anniversary during any point the contracthas been in effect on or preceding the annuitant’s date of death. Thisoption is available for an annualized charge of 0.35 percent of the valueof the funds in your variable subaccounts.All death benefits will be adjusted for partial withdrawals and outstandingloan balances. The Annual Ratchet death benefit is available for issue ages upto 75. The Enhanced Combination death benefit is available for issue ages upto 70. These options must be requested at the time of applications. Please seethe Single Premium Affinity VA prospectus for more details.*These guarantees are backed by the claims-paying ability of Kansas City Life.
Guaranteed bonusesThe Single Premium Affinity VA offers two contractbonuses to help you accumulate even more forretirement. When your contract value is 100,000or more, you’ll earn a monthly bonus equal to anannualized rate of 0.15 percent of the value of yourfunds in the variable subaccounts.Beginning in the ninth contract year, you’ll receivea monthly bonus equal to an annualized rate of0.20 percent of the value of your funds in thevariable subaccounts.Please refer to your Single Premium Affinity VAprospectus for more information on guaranteed bonuses.Surrender charges may be slightly higher and surrendercharge periods may be slightly longer for the SinglePremium Affinity VA than other variable contracts thatdo not credit bonuses on contract values.Automatic Dollar Cost AveragingThis feature allows you to systematically invest specific dollar amounts atregular intervals so you buy more shares when prices are low and fewershares when prices are high. Dollar Cost Averaging helps minimize theeffect of market fluctuations and may help maximize growth potential.Although Dollar Cost Averaging doesnot ensure a profit or protect againstloss, it does take the emotion outof investing and helps keep yourprogram on track.Because this plan involves continuousinvestment in securities, regardless offluctuating price levels, you shouldconsider your financial ability tocontinue purchases through periodsof low price levels.Example of Dollar Cost AveragingMonthMonthly Allocation Share Price atNumber ofAmountPurchaseShares PurchasedJanuary 250.00 24.0010.42February 250.00 22.0011.36March 250.00 18.0013.89April 250.00 26.009.62Totals 1,000.00 90.0045.29Average Price Per Share 22.50Average Cost Per Share 22.07You can elect this option for a period of three to 36 months. Fundsdesignated for Dollar Cost Averaging are deposited in the FederatedHermes Government Money Fund II subaccount and are transferredmonthly in accordance to your instructions.5
Automatic Portfolio RebalancingPortfolio Rebalancing, another valuable feature of the Single Premium Affinity VA, letsyou maintain the level of diversification you have chosen for your variable accountinvestments. When you select this option, we automatically adjust your portfolio mixevery three months to equal your current allocation instructions.This concept is illustrated in the hypothetical example using three equal allocations.You, of course, are free to choose any allocation percentages you desire.You may choose this feature when you start or at any time during the life of yourcontract. If the Dollar Cost Averaging plan is in effect, Automatic Portfolio Rebalancingstarts when Dollar Cost Averaging ends. Transfers made under Dollar Cost Averagingand Portfolio Rebalancing does not count against the six free transfers permitted eachcontract year.Hypothetical Example of Automatic Portfolio Rebalancing 5,000 (1/3) 5,000 (1/3) 5,000 (1/3)Between Sept. 1 and Dec. 1,Sept. 1the end of the contract quarter,Fund 2 lost value while Funds1 and 3 had gains.Once the AutomaticPortfolio Rebalancingadjustments are made onDec. 1, you begin the nextquarter with your originalallocation percentages.Dec. 1– (Prior 6,435 (.39) 4,620 (.28) 5,445 (.33)Total Value 16,500Dec. 1– (After 5,500 (1/3) 5,500 (1/3) 5,500 (1/3)Total Value 16,500to Rebalancing)Rebalancing)Fund 1Fund 2Fund 3Transfer privilegesIncome optionsYou can transfer funds between your variablesubaccounts and/or the Fixed Account withoutany tax consequences. You are free to movemoney in your variable annuity subaccountsas often as you wish. However, certainrestrictions apply to transfers from theFixed Account.You select when and how to begin using the cashyou’ve accumulated. You can choose from a varietyof income options including:Your first six transfers each year are free;thereafter, a 25 fee applies to each transfer.You can make transfers by telephone, facsimileor email.See the Single Premium Affinity VA prospectusfor details.6Total Value 15,000 Lump-sum distributionPayments for a specified amountPayments for a specified period of timeLife income options including those with10 or 20 year guarantees*Joint and survivor income options*This guarantee is backed by the claims-payingability of Kansas City Life.
WithdrawalsTable of Surrender ChargesThere may be a time when you need to accessyour funds for special needs, planned or otherwise. If so, you can withdraw up to 10 percentof your contract value, once each contract year,without a surrender charge. A 10 percent federaltax penalty may be imposed on withdrawals madeprior to age 59 1/2.Contract YearSurrender ChargePercentage*1828374655Withdrawal proceeds can be paid to you as a lumpsum or on a scheduled monthly, quarterly, semiannual or annual basis as long as each payment isat least 100. Other withdrawals made during theyear, or withdrawals in excess of 10 percent, willbe subject to the following charges. Withdrawalswill reduce cash value and death benefit.6473829 0Nursing Home Waiver**Surrender charges are waived if you elect alife income option. Also, depending on yourindividual program, other tax penalties may beassessed upon surrender. Please see your taxadvisor for details.Should health needs arise that require a nursinghome stay, the full value of your single premiumVA will be there to help cover the cost. If you areconfined to a licensed nursing home for at least90 days, Kansas City Life will waive all surrendercharges if your annuity proceeds are taken over aperiod of three years or more.*Currently not available in all states. Consult yourregistered representative for further information.Contract fees and chargesA 30 annual administrative fee is assessed at the beginning of each contractyear. This will be waived if your contract value is 50,000 or more at thebeginning of the contract year.For funds in the variable subaccounts, an asset-based administration chargeand a mortality and expense risk charge is assessed daily. These charges equalan annual fee of 1.40 percent.Quarterly reports keep you informedAfter the end of each calendar quarter you will receive a report giving thevalue of your contract. The report also will reflect all transactions occurringduring the past quarter.7
Financial stability, based on a history of fiscal integrity,highlights Kansas City Life Insurance Company’s recordof progress. For more than 120 years, Kansas City Lifehas seen the insurance and financial services worldtransform dramatically. We are prepared to see ourpolicyholders through the challenges of the future.Kansas City Life’s reputation is built on integrity, soundfiscal policies and honest business practices. To us,integrity is not an outdated notion in today’s fast-pacedworld. It is the guiding force behind every decision wemake. Every product we sell is backed by more than acentury of quality service and financial security.This brochure is authorized for distribution only when preceded oraccompanied by product and fund prospectuses. The prospectusescontain more complete information about the product, includingcharges, limitation, expenses and investment options. As an investor,you should consider the investment objectives, risks, charges andexpenses of the investment company carefully before investing.Read the prospectus carefully before investing money.8
Additional prospectuses can be obtained from your registeredrepresentative or by calling our toll-free number (800-616-3670).Kansas City Life’s Century II Variable Product Series is distributedby Sunset Financial Services, Inc., a wholly owned subsidiary ofKansas City Life Insurance Company.The federal and state income tax laws in this area are complexand subject to changes. Representations made herein are neithercomplete nor necessarily up to date. Neither Kansas City Life nor itsrepresentatives give tax or legal advice. You should consult your taxadviser or attorney for complete details.9
Service — a Kansas City Life priorityCustomer service representatives are available to assist you withquestions or request for changes, transfers, etc. We value your businessand want to serve you any way we can. Simply call or write us at:Kansas City Life Insurance CompanyVariable Administration DepartmentP.O. Box 219364Kansas City, MO 64121-9364800-616-36708 a.m. — 4:15 p.m. CTFax: 816-931-3585Email: customerservice@kclife.comTo obtain information about your variable contract after business hours,call our interactive phone system at the toll-free number shown above.Or, access information about your variable contract on our website:www.kclife.com.The coverage described is for the Century II Single Premium AffinityVariable Annuity contract, issued by Kansas City Life InsuranceCompany (Home Office: Kansas City, Mo.). Contract form J188. Formnumber may differ by state. Coverage may not be available in all states.57155.20
contract value. Surrender Charge There is an eight-year surrender charge schedule. Annual Fee 30 annual fee, waived if the contract value is 50,000 or more Variable Account Charge 1.40 percent annualized charge to variable subaccounts See your Single Premium Affinity Variable Annuity prospectus for product details and charges.
