Can I Deduct Life Insurance On Schedule C? 
You can not deduct life insurance premiums at all . That being said , there are opportunities to use whole life insurance -LRB- 49.5 % -RRB- or universal life insurance -LRB- 25 % -RRB- as a portion of your annual contribution into some qualified plans . You need to determine if that portion of your contribution can commit to ongoing premiums before electing to use this tactic . 