Can You Deduct Life Insurance On Schedule C? 
You have to remember what life insurance gives to you upon death of a covered person , a TAX-FREE death benefit . There are a few circumstances which life insurance premiums can be `` written off '' however you need to be aware that the death benefit , usually a tax-free benefit will become taxable . Consider what that will do to your tax bill and the liability you might have . Otherwise I would recommend talking to your tax adviser about deducting your life insurance premiums . 