Funding life insurance from company contributions

[np3]

I have an LLC and i am looking for additional  tax deductible expenses. I found a whole life insurance product that also grows by investing.  Can i use company contributions to fund the premiums such a life insurance. 

I am a single employee LLC. I generate a W2 for my self and it is approximately 45% of my revenue and i also fund a solo 401k . After this i have significant profits that will pass through the K1 to me.

I am looking to see if this is legal. Please advise.

[tagteam]

See https://ttlc.intuit.com/community/get-started-in-community/help/solo-401k-funding-from-an-llc/01/949...

[dmertz]

Regarding life insurance as a deductible business expense:

https://www.irs.gov/publications/p535#en_US_2018_publink1000208680

https://www.law.cornell.edu/cfr/text/26/1.264-1