It's not the company that's an issue. it's the market and the China factor. I think at this price and value, it is hard to go wrong, but I would keep it a fairly small part of your portfolio as part of normal risk management.
What's the issue with KCLI? Were at $4. Announced a buyout of small shareholders and stock jumped to $47. Stock got over $50 as buyout approached (buyout was for $52.50). Buyout ended and stock moved to OTC Market, so has fallen back past $44 to $37.
Book value is around $70 and they have a good dividend.
Could be a good buy - probably temporary pressures of selling after the buyback and over market weakness causing problems.
Personally, I think NWLI is a better run company and it does use more conservative accounting, but KCLI is fine too.