Can A Business Deduct Life Insurance Premiums? 
Life insurance is not deductible.That being said , life insurance can be part of the annual contribution in some tax deductible qualified defined contribution plans . Participating whole life can be up to 49.5 % and universal life can be up to 25 % of the annual contribution . There will be an economic benefit tax because of the death benefit itself is an extra item beyond the accumulating cash values . 