09.21.21

Are Life Insurance Premiums Tax Deductible?

Tax Deductible Life Insurance Premiums

 

Life insurance is an excellent tool to keep your family financially stable if anything happens to you. If you’re already utilizing life insurance, you probably want to know if your premiums are tax-deductible. I talked with Ronda Lee of Business Insider about this topic and more. In the article, we discuss:

  • Deducting life insurance premiums as a business expense.
  • When life insurance beneficiaries may have to pay taxes on a death benefit.

Read the full article if you’re interested in learning more about whether life insurance premiums are tax-deductible.

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