Can I Deduct Life Insurance Premiums As A Business Expense? 
That 's a good question ! Generally the answer is no - if you are referring to premiums on life insurance for yourself . However there can be exceptions such as in Buy-Sell agreements . But in that case you 're buying insurance on someone else . There is a way to deduct for life insurance premiums however , but it 's not direct . If you pay bonuses to yourself or an employee equal to the amount of premiums you can deduct the bonus as a business expense , but of course you or the employee would need to pay income tax on the bonus . 