Is Voluntary Life Insurance A Pretax Deduction? 
Ifyou own and pay for the voluntary life plan you do not want it to ba taken pre-tax unless you absolutely hate your beneficiary as by taking a tax deduction for your life insurance , that action makes the benefit a taxable occurance . Currently employers can deduct the expense of life insurance up to 50,000 face amount as a busines expense and the outcome to the employee is not taxed . The employee never paid the premium , the employer did as a benefit . It is much different if the employee pays . There may be some very rare situations where you can deduct the premium , but that is very rare . 