Can I Write Off Life Insurance Premiums? 
In general terms you cant expense life insurance as a tax deduction . However , if you make qualified plan contributions , but not maximum annual contributions under the code , you may have room to include permanent life insurance as part of the overall contribution . You might be able to contribute up to 49.5 % whole life insurance or 25 % universal life insurance as part of your total annual contribution . There are economic benefit taxation issues in this strategy , so consult your tax adviser before moving forward . 