Are life insurance premiums tax deductible?

Every year, it is the same story, you need to file your income tax return! When this dreaded moment comes, it is but natural to search for ways to reduce the amount of our taxes. If you can get a refund, that is even better! With that being said, it is important to find all possible deductions that can be applied to our situation. Are life insurance premiums included in the amounts that can be deducted? The answer, surprising as it may sound, is YES! Of course, there are several conditions that must be met in order to qualify for this deduction. If you are wondering if you could deduct your life insurance premiums from your taxes, read this article to know the answer.)

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