☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 7:00:15 AM

Are payments to a Variable Universal Life Accumulator deductable since it is in the stock market and cannot be withdrawn without penalty just like a 401K

0 1 472
1 Replies
Level 15
Jun 6, 2019 7:00:16 AM

No.  Life insurance premiums are not deductible.  Only qualified retirement plans are such as IRA's and employer sponsored retirement plans are.