About us

Welcome to Best Life Insurance Advisors

Established in 1986, Best Life Insurance Advisors has always been committed to our clients since day one.

David Klyman, our founder, specializes in creating custom policies that fit the needs and circumstances of each client. And his comprehensive solutions come at the right price.

What Is Term Life Insurance?

When shopping for life insurance, most people choose between term life insurance and permanent or whole life insurance. In most cases, people select term life insurance because it is an inexpensive way to provide cash to their loved ones after their death. Unlike permanent life insurance, which terminates only upon the death of the policyholder, term life insurance expires at the end of its designated time frame. When the policy expires, you simply take out another policy for additional coverage for a specific period of time.

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Term life insurance is less expensive than a permanent life insurance policy, but its premiums generally increase over time in tandem with the age of the policyholder. But some term policies have premiums that are guaranteed not to change up to a certain period; such policies are a little more expensive.

The shortest term life insurance coverage is five years, but policyholders may also select coverage that lasts 10, 15, 20 or 30 years. Some companies even offer up to 35 years of coverage. And some companies offer “return of premium” life insurance. In those cases, if the policyholder is alive when the term expires, the insurance company reimburses the premium payments to the policyholder.

Benefits of term life insurance:

  • Term life insurance is flexible: When you can’t buy any new life insurance because you have uninsurable medical conditions, you can convert your term policy into permanent life insurance at the premium rate of your current age.
  • Term life insurance pays a death benefit.
  • Term life insurance allows you to choose the length and coverage of the insurance.
  • Term life insurance helps you protect and get approved for certain business loans.

How many years of term life insurance do I need?

It depends on the age of the person taking out the policy. If you are 50, we recommend a 10-year to a 20-year term policy. For clients who are half that age, however, we recommend a 30-year term insurance policy. The rule of thumb is that the length of your policy should at least equal the length of your oldest debt. And, at the very least, the death benefit amount should cover the remaining costs when you subtract your debts, including funeral costs, from your assets.

There are different types of term policies:

  • Premium level
  • Yearly renewable term
  • Return of premium
  • Guaranteed issue
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How do I buy life insurance?

The life insurance application process usually takes four to eight weeks, but before you begin, you should compare quotes from several insurers to get the most comprehensive policy and the most competitive rate.

How do I apply for term life insurance?

You can complete the application process in seven steps :

  • Get a free life insurance quote. Comparing rates from different insurance companies allows you to make sure you’re getting the best policy at the best price.
  • Choose a life insurance policy. Take into account the cost and the amount of coverage you need, along with the insurer’s reputation and average application time.
  • Fill out an application, which will include some basic income and health questions. You can fill out the application online or call a licensed expert to assist you.
  • Take a medical exam. Life insurance medical exams are similar to basic physicals. The exam is free, and a technician will come to your home or workplace on your schedule. If you’re looking to speed things up or avoid needles, see whether you qualify for a no-exam policy.
  • Complete a phone interview. An insurance agent will ask you a few simple questions about your health and hobbies.
  • Wait for approval. An underwriter will use the collected information to decide on a premium rate, which should be similar to the quotes you received. This can take six to eight weeks, but some companies offer instant decision policies so you can be covered in hours.
  • Sign your policy. After you sign your policy and send your first premium payment, your coverage will be active.

How do I choose the best life insurance company for my needs?

Don’t worry—we’ve done all the heavy lifting for you. Since we are independent, we have shopped the entire market so that you will get the best rate and policy for your needs.

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The Director

David Klyman

David Klyman started Best Life Insurance Advisors in 1986. He has deep knowledge of the business and has helped thousands of clients, including me. He chose the perfect policy for me and made the process easy.

Jeffrey Wachman