No for individual life insurance purchases life insurance premiums are generally not deductable from income for income tax purposes.
For business situations there are a few options for deduction, but any premium deducted for death benefit amounts over $50,000 would make the death benefit income taxable to the beneficiary.
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For business situations there are a few options for deduction, but any premium deducted for death benefit amounts over $50,000 would make the death benefit income taxable to the beneficiary.