Articles by Richard Parslow
The “Million Dollar Baby Plan”: Risks, Costs, and Alternatives
A careful review of the costs, tax limits, FAFSA treatment, policy-loan risks, and alternatives behind child permanent life insurance pitches sometimes called the Million Dollar Baby Plan.
Infinite Banking Concept: A Client‑First Guide
By Richard Parslow, founder of Life Policy Pilot. Updated September 16, 2026. The infinite banking concept is a planning strategy built around permanent life insurance with cash value. The simple version sounds appealing: buy a properly designed whole life policy, build cash value over time, and use policy loans when you need access to money. […]
Fixed-Rate Deferred Annuity Guide: Safety & Returns
Compare fixed-rate deferred annuities with bank CDs, including guarantees, tax deferral, surrender periods, insurer strength, and questions to ask before buying.
Demystifying Annuities: Independent Income Guide
Learn how annuities work, what guarantees and risks remain, and what to review before buying an annuity contract.
IUL Policy Loan Risks: Illustration Audit Checklist
Use this IUL illustration audit checklist to review policy loan assumptions, caps, participation rates, charges, MEC risk, annual statements, and lapse risk.
Family Life Insurance Decision Guide: Roles, Beneficiaries, Reviews
A family life insurance decision guide focused on household roles, beneficiaries, ownership, employer coverage, records, underwriting preparation, and review timing.
Life Insurance Estimator: What Coverage Fits?
Estimate a possible life insurance coverage range using obligations, income support, dependents, existing assets, and underwriting considerations. Educational only, not a quote or approval.
Life Insurance Underwriting: What Shapes Rates
Learn the life insurance pricing factors that can affect rate class, premiums, carrier fit, and final offers.
Life Insurance for Business Owners: 6 Protection Strategies
Review six practical life insurance planning uses for business owners, including key-person coverage, buy-sell funding, loan planning, and family protection.
Instant vs. No-Exam vs. Full Coverage Life Insurance
Compare accelerated, no-exam, guaranteed-issue, and fully underwritten life insurance paths without relying on universal price or eligibility claims.