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	<title>New answer on: Is Life Insurance Tax Deductible For Self Employed?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/is-life-insurance-tax-deductible-for-self-employed</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Tue, 25 Feb 2014 23:32:28 +0000</pubDate>

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		<description><![CDATA[A sole proprietor or partner cannot deduct the premiums for life insurance on the owner or partner.    You shouldn’t want to deduct the premiums.  You want to receive death benefits income tax free.  If your business is a corporation, the corporation can deduct the premiums just the same way they can deduct any payment made to you as either salary or benefits, but the corporation cannot have any ownership rights.  You would then pay personal income tax on the premiums paid by the corporation. ]]></description>

		

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