Is Supplemental Life Insurance Pre-Tax? 
Life insurance can not be deducted or purchased pretax . There are some pretax qualified plans that allow a percentage of the annual contribution to use life insurance : participating whole life -LRB- 49.5 % -RRB- and universal life -LRB- 25 % -RRB- . Life insurance as a TAMRA compliant non-modified endowment policy can serve as a supplemental income plan in tandem with qualified plans . 