You have to remember what life insurance gives to you upon death of a covered person, a TAX-FREE death benefit. There are a few circumstances which life insurance premiums can be "written off" however you need to be aware that the death benefit, usually a tax-free benefit will become taxable.
Consider what that will do to your tax bill and the liability you might have.
Otherwise I would recommend talking to your tax adviser about deducting your life insurance premiums.
Consider what that will do to your tax bill and the liability you might have.
Otherwise I would recommend talking to your tax adviser about deducting your life insurance premiums.