Are payments to a Variable Universal Life Accumulator deductable since it is in the stock market and cannot be withdrawn without penalty just like a 401K

 

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.**