Can You Hold Life Insurance In An IRA? 
Generally speaking , life insurance may not be held ortitled as an IRA or qualified plan . Nor can life insurance be housed or kept inside such a plan.However , there is one small exception . A qualified plan , under the `` incidental benefit '' rule can contain a small amount of life insurance . But keep in mind that theamount of allowabledeath benefit must be very small and qualify as `` incidental '' compared to the overall plan balance . 