Confessions of a CPA: The Truth About Life Insurance

This is an excellent book on the subject of using whole life insurance to supplement your portfolio. It is a thought provoking look at an alternative to the usual risky investment strategies most people use for their retirement dreams. After reading the books contents, I still had questions that I was not sure of and decided to email this CPA for clarity. I honestly never expected to get a response, let alone a back and forth dialogue from Mr. Bloom that answered all of my questions and spiked my interest in this product. I highly recommend anyone interested in saving for retirement to read this book.

This book is a true treasure. I've been researching the Infinite Banking Concept for quite a while now and this book really turned it around for me. He describes very well the value of the overfunded life insurance policy and all the reasons why the market is not the place for your savings. I recommend this, along with "Financial Freedom in the 21st Century" to all my friends considering IBC or Bank On Yourself policies. With these two you have all you need to know to get your mind ready to embrace the concept before you talk with your advisors.
Even if you're not into the IBC, this book is a great way to step out from what everyone's told you about the market and look at your financial future through a realistic lens.

One of the most thorough, if not THE MOST THOROUGH, book about utilizing Permanent Life Insurance as your own bank to finance everything throughout your life. I believe a correctly structured permanent life insurance policy is a vital part of your investment portfolio and has the ability to do many jobs for you, NOT ONLY FOR just providing income to your loved ones when you pass away. 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 (when you pass away, early or late in life), 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!!! Bryan is right, not everyone does this because they don't know it exists. But those who do know it exists, DO USE IT! If you understand financial principles like opportunity cost, Rule of 72 (Compound interest and HOW IMPORTANT IT IS TO START INVESTING AS YOUNG AS POSSIBLE ANNNNND NOT NOT NOT DISTURBING THE GROWTH OF YOUR PRINCIPLE), multi-tasking your money, then this is the book for you!! And even if you don't understand those principles, READ IT ANYWAYS! This book was very entertaining to read, to me. It wasn't "Dry" at all to me. Bryan used very realistic examples and was very clear about everything he said, so that people would not misinterpret what he's trying to explain. I recommend this to all people, investors (novice-experts), friends, family, insurance agents, anyone who wants to understand insurance more and the benefits of it.

Bryan Bloom really does a great job writing a great book geared for consumers on the under-reported benefits of cash value life insurance. It's nice to have a CPA report on these benefits (other than Ed Slott, CPA of course).

I do find it an interesting phenomenon that you can't find a single government source OR insurance company sponsored source of all this information. (I think there's either some law against it OR insurance companies are hiding these benefits to avoid being targeted by Congress as they were in the 80's with TAMRA, TEFRA, and DEFRA.) This book is a decent compilation of many of these benefits.

It *may* not be the most detailed book for agents. The book doesn't go into enough detail for agents to understand how illustrations work and the formula behind cash value life insurance. (Here it is: "Net death benefit = cash values + net amount at risk - any outstanding loans".) However, it wasn't necessarily written for agents, but consumers.

Regardless of that, it's a great book and a fantastic introduction to the advanced uses of cash value life insurance! I recommend it highly!

I am a licensed life insurance agent, and I found this book to be very helpful. It opened my mind to a whole new perspective. I think everyone should read this book to better their future.

As a sequel to the first book, the concepts become clearer and it sheds a whole new light on the finance world! Every bit as funny as the first! Read the books in order, Bryan mentions that in this book. If you have a job and nothing more, you will always be Just - Over - Broke!

I usually don't write reviews but this book is excellent. It contains a wealth of knowledge that is easy to understand.

This book will show you the real numbers about life insurance. It walks you through how properly designed life insurance works.

Bryan makes a clear statement about how to protect, generate and leverage wealth with a strategy that the wealthiest among us understand but which works JUST AS WELL for anyone who earns enough income to save a dime now and again.

Educate yourself and follow this roadmap. This book will have you thinking and it made me wish I found it sooner