Kansas City Life Insurance Company of America applied for a federal thrift charter this week, becoming the 27th insurance company with a request pending before the Office of Thrift Supervision.

The $3.5 billion-asset insurer has 3,000 agents. Chief financial officer Richard L. Finn said it is seeking to offer a full-range of bank products, including checking and money market accounts, certificates of deposit, consumer loans, and trust products.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.