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	<title>New answer on: Can Life Insurance Be A Tax Deduction?</title>

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		<title>By: Steve Savant</title>

		<link>https://insurancelibrary.com/life-insurance/can-life-insurance-be-a-tax-deduction</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Thu, 01 Aug 2013 13:40:06 +0000</pubDate>

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		<description><![CDATA[In general terms life insurance can not be deductible personally or business. However, that being said, certain qualified plans allow for funding part of your annual plan contributions with life insurance: participating whole life insurance at 49.5% and universal life insurance at 25% of your annual contributions. You&#039;ll have to pay an economic benefit tax, but it may economically viable to consider.]]></description>

		

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