Is My Life Insurance Tax Deductible? 
Excellent question . Before I try to tackle this , please realize I am not a tax advisor so this response should not be used as tax advice , always consult your tax professional . Typically , since the death benefits of life insurance are tax-free -LRB- although the amount of the death benefit could push one over the exclusion amount for estate taxes -RRB- the premiums paid for life insurance would not be tax-deductible . Typically , the IRS does n't like for us to be able to use tax-deductible dollars to fund something that is tax-free . Although , I 'm always on the lookout for a loop-hole that allows it ! :-RRB- I hope that helps , if you have something more specific please let me know . 