You may be able to deduct multiple types of insurance premiums from your taxes, including the amount you spend on car insurance, home insurance, health insurance, life insurance and more.

Life insurance premiums pay for your life insurance policy ... "What Is Universal Life Insurance?" Transamerica. "The Tax Benefits of Cash Value Life Insurance." Internal Revenue Service.

This includes premium tax credits since they lower the amount you pay for ... you can deduct from your taxes for long-term care insurance based on your age. Some life insurance policies allow you to ...

as long as the amount doesn't exceed their total premiums. "Using cash-value life insurance products, in general, really eliminates the uncertainty of where taxes go," Harjes said. "Private ...

Modified premium: Modified whole life insurance policies require premium ... the money in the cash value account grows tax-free. However, if you take out cash value that includes investment ...

Life insurance premiums on a personal policy are generally not tax deductible. However, if you own a business, you may be able to write off premiums paid on behalf of your employees. Consult a ...

Does your employer offer voluntary life insurance as a benefit? Learn how this differs from an individual policy, what options you may have, and why enrolling may be beneficial.