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Are payments to a Variable Universal Life Accumulator deductable since it is in the stock market and cannot be withdrawn without penalty just like a 401K
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June 6, 2019
7:00 AM
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Retirement tax questions
No. Life insurance premiums are not deductible. Only qualified retirement plans are such as IRA's and employer sponsored retirement plans are.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
June 6, 2019
7:00 AM