Life Policy Pilot · Texas services
Compare life insurance services in Texas
Life Policy Pilot helps Texas residents compare term, whole life, IUL, and final expense coverage with Richard Parslow, an independent broker. Start with your goal, budget, and time horizon, then review written options before deciding whether to apply.
Book a free consultationLife Policy Pilot service facts
- Broker and service area
- Richard Parslow · Buda, TX · Texas residents
- Producer identifiers
- Texas license #3076729 · NPN 20873424
- Consultation and fees
- Free consultation; no separate client service fee. Carrier-paid commission if a policy is placed.
- Products
- Term, whole life, IUL, and final expense; availability varies.
- Quote status
- Estimates are preliminary. The carrier determines its final offer after underwriting.
Verify the Texas license with TDI · Search by name or Texas license number.
Content updated October 7, 2026. This date is not a carrier rate, rating, or underwriting-guideline verification date.
Term, whole life, and IUL compared
Match the policy to the duration and purpose of the need. These are general characteristics; the specific contract controls its guarantees, costs, and limitations.
| Compare | Term life | Whole life | IUL |
|---|---|---|---|
| Typical need | Temporary income support, mortgage, or dependent care | A lasting death-benefit need, including final bills or estate liquidity | A lasting death-benefit need with flexible funding and ongoing policy review |
| Coverage duration | A stated term; renewal or conversion depends on the contract | Lifelong under the contract when required premiums are paid | Subject to maturity, funding, charges, and any no-lapse guarantee |
| Premium behavior | Level during a level-premium term; renewal may cost more | Usually fixed; check the payment schedule and guarantees | Flexible within limits; a low payment may not sustain coverage |
| Cash value | None | Contractual cash values; participating dividends are not guaranteed | Index-linked crediting under caps and participation rules; charges apply |
| Main trade-off | Coverage can end while a need remains | Higher initial cost than term; early surrender values can be low | Complex terms, changing assumptions, and lapse risk if inadequately funded |
For final bills, compare smaller final expense policies, existing savings, and any graded-benefit terms. For a temporary mortgage or income gap, start with mortgage protection and term coverage.
Services and deeper guides
Term life
Level-term and laddered structures for temporary income support, a mortgage, or other obligations. Available terms and amounts depend on the product and applicant.
Explore term life →Whole life
Permanent coverage with contractual guarantees and cash value. Compare required premiums, surrender values, and any non-guaranteed dividends.
Explore whole life →Indexed universal life (IUL)
Permanent coverage with index-linked interest crediting and ongoing charges. Funding and monitoring matter; an interest floor does not prevent losses after fees.
Explore indexed universal life (iul) →No-exam underwriting
Some products may not require a medical exam. Health questions, records, eligibility limits, and decision times still depend on the carrier and applicant.
Explore no-exam underwriting →Final expense
Smaller life insurance benefits for final bills. Compare level and graded benefits, exclusions, and the premium you can maintain.
Explore final expense →Burial planning
Compare cash benefits paid to a beneficiary with funeral pre-need arrangements. Start with local costs and existing savings.
Explore burial planning →Veteran coverage
Review civilian options alongside SGLI or VGLI. Verify program deadlines and keep existing coverage active while considering alternatives.
Explore veteran coverage →Policy review
Free review of your existing policy. Bring the current contract, annual statement, and in-force illustration where available. Compare keeping, adjusting, or replacing coverage before surrendering it.
Explore policy review →Senior coverage
Compare coverage by your goal, health, age, and budget. No-exam does not necessarily mean guaranteed acceptance or immediate full benefits.
Explore senior coverage →Not sure where to start? Use the Product Navigator for an educational shortlist, or the Term Ladder Calculator to model the coverage gap over time. Neither tool generates a carrier premium or approval.
From consultation to coverage
A quote request starts a comparison. It does not create an application, bind coverage, or guarantee a decision date.
- Step 1
Define the need
At a free consultation, discuss the people and obligations you want to protect, the time horizon, sustainable budget, and existing coverage. The result may be that no additional policy is needed.
- Step 2
Shortlist suitable products and carriers
Review age, general health, tobacco use, and coverage goals to decide which available options merit a quote. A shortlist is not a promise to quote every insurer or to obtain approval.
- Step 3
Compare written options
Review the same coverage amount and duration, the assumed underwriting class, premiums, guarantees, riders, exclusions, and trade-offs. Preliminary quotes can change after underwriting.
- Step 4
Apply only when you choose
If you proceed, the carrier application may request identity, beneficiary, financial, health, medication, and replacement information. Use the carrier's approved process and answer accurately.
- Step 5
Review the carrier's decision
The insurer may request records, an exam, or follow-up information. It decides eligibility and the final offer; timing varies with the evidence required.
- Step 6
Confirm the policy is in force
Review the issued contract, final premium, exclusions, and free-look deadline. Confirm all activation requirements with the insurer before canceling existing coverage.
What a written comparison should show
- The same death benefit, duration, applicant assumptions, and underwriting class.
- The premium schedule, riders, exclusions, renewal options, and conversion deadlines.
- For permanent coverage: guaranteed and projected values, charges, surrender terms, funding requirements, and loan effects.
- Which carriers and products were considered, why alternatives were excluded, and how compensation works.
Read the TDI life insurance consumer guide and our Texas insurer comparison checklist for independent checks before buying.
Veteran & military
Review coverage through your transition.
Compare civilian policies with existing military or veteran benefits. Ask about underwriting for your actual health history and verify SGLI or VGLI eligibility and deadlines with the program before changing coverage.
Explore Texas veteran coverage →Texas life insurance services: questions and answers
What life insurance services does Life Policy Pilot offer in Texas?
Life Policy Pilot is Richard Parslow's independent Texas life insurance brokerage. It helps compare term, whole life, IUL, and final expense options, reviews existing coverage, and assists with applications. Product availability depends on the carrier and applicant.
What is the difference between term, whole life, and IUL?
Term covers a stated period and has no cash value. Whole life generally has fixed premiums and contractual cash-value guarantees. IUL has flexible premiums and index-linked interest crediting, with charges and funding requirements. Compare the actual contracts rather than product labels alone.
What does a consultation or policy cost?
The consultation is free, and Life Policy Pilot does not charge a separate client service fee. The carrier pays a commission when a policy is placed. Policy premiums depend on age, health, tobacco use, coverage, duration, features, and underwriting. Request a current carrier quote; there is no universal price.
What term lengths and coverage amounts can I request?
Discuss level terms such as 10, 15, 20, or 30 years, or a combination of terms. Available lengths, benefit amounts, issue ages, and conversion rights depend on the carrier and product. Financial and medical underwriting can also limit the offer.
Will I need a medical exam?
Not necessarily. Some accelerated or simplified underwriting products do not require an exam, but may still use health questions, prescription history, and records. Eligibility, coverage limits, and decision times are carrier-specific. No-exam is not the same as guaranteed issue.
How are providers and quotes compared?
Start with suitable products and available carriers, then compare benefit amount, duration, underwriting assumptions, premium schedule, riders, exclusions, renewal and conversion rights. For permanent policies, also compare guaranteed and projected values, charges, surrender terms, and loan effects.
Do you consider every carrier for every applicant?
No. The comparison uses the carriers and products relevant to the applicant's goals and eligibility. Ask which insurers were considered, which were excluded, and why. A displayed carrier name does not guarantee an available quote for every product or applicant.
When does an estimate become a final offer?
An estimate uses stated assumptions and is not approval. The carrier reviews the application and any required evidence, then provides its offer and policy terms. Coverage begins only when the insurer's activation requirements are satisfied and it confirms the policy is in force.
How can seniors compare final expense options?
Start with final bills, existing coverage, savings, and a premium that can be maintained. Compare the full benefit, any initial graded or waiting-period benefit, exclusions, and total payments. Do not assume guaranteed issue is the only option or that a no-exam plan pays full benefits immediately.
How can I verify Richard Parslow's Texas license?
Use the Texas Department of Insurance agent lookup and search Richard Parslow or Texas license #3076729. NPN 20873424 is a producer identifier, not a separate state license. The verification link appears with the service facts below.
Discuss your coverage goal with Richard
Free consultation, written comparisons, and time to decide whether to apply.
Phone and video life insurance consultations across Texas
Meet with Richard Parslow by phone or video to discuss your coverage needs, compare available policies, or review existing insurance. Austin and other Texas residents can request a consultation without visiting an office.
Choose Phone or Video in your request. Richard usually responds within 12 hours to agree on an appointment time and meeting length. Video meetings use Zoom or Google Meet. Consultations are free, with no limit on consultations. Your request is not a confirmed appointment.
Request a phone or video consultationStatewide service questions
- Do you serve clients throughout Texas?
- Yes. Life Policy Pilot is based in Buda and serves Austin, Central Texas, and clients statewide. Richard Parslow is a Texas-licensed independent life insurance broker.
- Can we meet remotely?
- Yes. Consultations are by phone or video (Zoom or Google Meet). Choose Phone or Video when you request one; Richard usually responds within 12 hours to agree on an appointment time. Consultations are free.
- Can you review my existing policy?
- Yes, policy reviews are free. Bring the current contract, your latest annual statement and an in-force illustration if you have one. Richard will compare keeping, adjusting or replacing coverage — keep your existing policy in force until any replacement is issued and accepted.