Can A Company Deduct Life Insurance Premiums? 
The simple answer to your question is that insurance premiums ARE NOT a deductible expense for anyone . However , depending upon the use of the insurance , for instance , as part of an Supplemental Executive Retirement Plan -LRB- SERP plans -RRB- , there are tax benefits -LRB- deduction -RRB- to the employer realized when the policy 's cash value is paid out to the employee . Additionally , administrative costs may be tax-deductible as a business expense . Separately , under anexecutive bonus plans where the bonus is paid directly in the form of premium payments to the insurer for policies owned and FBO of the executive , the employer has no ERISA reporting , potentially tax deductible costs and can avert tax rules applicable to Qualified Pans and employer owner line insurance . Please feel free to contact me through my profile if you have additional questions . 