In general, life insurance premiums are not tax-deductible as a business expense. However, there are certain circumstances under which life insurance premiums can be deducted by a business. One common scenario is when the business is a beneficiary of the policy and the premiums are paid by the business as part of an employee benefit plan. In this case, the premiums may be deductible as a business expense. Additionally, if the life insurance is purchased to secure a business loan or as a condition of a business agreement, the premiums may also be deductible. It's important to note that the rules regarding the deductibility of life insurance premiums can be complex, and it's advisable to consult with a tax professional or accountant for specific guidance tailored to your business's situation. Always seek professional advice when considering the deductibility of life insurance premiums as a business expense.