I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter?

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I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter?

Life insurance premiums are not deductible on your personal tax return.

I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter?

Is your policy term or whole life? Whole life insurance does feature some tax deferred advantages but the premiums are not deductible.

I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter?

it is a whole life

I bought a life insurance 100000 20 pay life, i was told there would be a tax break can you tell me where to enter?

See <a rel="nofollow" target="_blank" href="http://www.nasdaq.com/article/are-whole-life-insurance-rates-worth-the-tax-advantage-cm414009">http:...>

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