CONFESSIONS OF A CPA: The Capital Equivalent Value of Life Insurance
BY
Bryan S. Bloom, CPA
All rights reserved. No part of this book shall be reproduced or transmitted in any form or by any means, electronic, mechanical, magnetic, photographic including photocopying, recording or by any information storage and retrieval system, without prior written permission of the publisher. No patent liability is assumed with respect to the use of the information contained herein. Although every precaution has been taken in the preparation of this book, the publisher and author assume no responsibility for errors or omissions. Neither is any liability assumed for damages resulting from the use of the information contained herein.
Copyright 2018 by Bryan S. Bloom, CPA
ISBN 978-1-49-583071-6 Print
ISBN 978-1-49-583530-4 eBook
Published April 2018
INFINITY PUBLISHING
1094 New DeHaven Street, Suite 100
West Conshohocken, PA 19428-2713
Toll-free (877) BUY BOOK
Local Phone (610) 941-9999
Fax (610) 941-9959
Info@buybooksontheweb.com
www.buybooksontheweb.com
What Others Are Saying about Confessions of a CPA: The Truth About Life Insurance
This is the third book Ive read on life insurance. Perhaps because of the knowledge I gained in the other two, or perhaps because of the way Bloom writes, I better understand these concepts after reading this book. You dont have to be a CPA or a tax attorney to understand his presentation.
Frank
Many points of interest and reflections on life events common to us all, regardless of economic status, and how life insurance can be utilized advantageously in them all.
Daniel
As a sequel to the first book, the concepts become clearer and it sheds a whole new light on the finance world!
Alicia
Common sense when you really think about it. Wall Street has us hoodwinked!
Mark
This book is another good read from the same author for me. I find Bryan to be clear and concise in his writing. Enough story to illuminate the subject well but not so much as to bring the reader to YAWN. Bryan writes with authority and with knowledge that a lot of writers do not have.
Thomas
It will expand your knowledge of the art of the possible when it comes to saving money.
Jack
Considering the cultural inertia against it in the mainstream financial world, getting a good and unbiased understanding of permanent life insurance is difficult. Bryan Blooms book is the clearest and most concise primer on this paradigm-shifting concept that Ive read.
SDS
This book teaches you how to capture all the money that slips through our fingers throughout our whole working life and use it to be tax efficient, growth efficient, income and asset protective, and the ability to be your own bank by financing your purchases through yourself so you can build your own wealth instead of building all the Banks wealth. A MUST, MUST READ!!!
Carl
These are some of the Great Secrets that Wall Street doesnt want the average Joe to know about because it would steer people away from the madness towards a predictable & stress-free financial future.
Jay
Understanding that successful people have always done things differently than most people is a key factor that is explored in the book. Thanks for helping to open minds to think outside the box. It helps people understand that just because everyone else it still doing the same financial planning; that doesnt make it the best way.
Rich
Dedication
Dedicated toMy Grandchildren:
Emmie Lynn SederquistEllie Leigh SederquistCoen Scott Musgrave
Who will receive the legacy of truth discovered today, and represent the next generation charged with carrying the truth forward.
Acknowledgements
Writing a book is a challenging experience and it is not done alone! There are many people who make the words on a page both easily understandable and interesting for the reader.
This book could not have been written without the love and support of family.
First and foremost, I am grateful to my Heavenly Father, the Yahweh of the Old Testament of the Bible, who lets me call him Abba Father, and His Son, Jesus Christ, who is my personal Lord and Savior.
My earthly family has been indispensable to the of writing this book. I am thankful for the encouragement of my spouse of 36 years; Pam lifts me to heights of excellence and integrity not achievable on my own. I am grateful for her inspiration every day. Our two daughters have participated in bringing my book from concept to reality. Callie Sederquist has been indispensable as a financial professional in her own right. Her knowledge of financial products has expanded my own understanding. Corrie Musgrave did a wonderful job helping me to word sections of the books just right. She served as my consistency editor. She helped me by editing to ensure congruency between the charts and chart discussions. She was also influential in helping me envision Confessions of a CPA as a potential series of books, not just Confessions of a CPA II or III.
My extended family was vital. The way you verbally say something isnt necessarily how you write something. But that is what I did. Jeff and Abby Abbott were my frontline editors. I think it took longer to edit the books than it did to write them. They did an excellent job. They also served the purpose of being you, my target audience. They read the manuscript from your perspective and helped me to bring clarity to portions that were difficult to understand.
I am very fortunate to be associated with other financial professionals that help me hone my skills. I have received valuable support from the professionals at The America Group, in St. Louis, Missouri. Specifically, Bill Maxson and Liz Kelly selfishly help me. I am also privileged to be part of the BreakAway League. An organization founded by Tom Love, an organization that prides itself in swimming upstream. You will find that this book indeed swims upstream.
Together with Tom, Emily Prendiville, Ken Kendall, John Dwyer, Andy White, Matt Love and Will Slepcevich we have mentored hundreds of financial professionals in the principles you will find within this book.
Lastly, I want to thank you, the reader of Confessions of a CPA. You are not only reading the book, but you are putting it into practice. I have heard story after story of how the principles in these books have helped you. That is the real motivation in my writing. If I can make a difference in another familys life with the lessons I have personally learned, then the effort that goes into writing is worthwhile. Thank you.
Important Disclosures
This book contains a discussion of investments in general and life insurance in detail.
Whether illustrating investment returns or life insurance cash value and death benefits, hypothetical illustrations may not be relied on as a certain prediction of or projection of those results.
Since life insurance is discussed extensively in this book:
