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kimae1980
New Member

I make payments to an IUL retirement/life insurance plan, can I deduct those payments?

It is a retirement plan I set up outside of work
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‎June 4, 2019 2:18 PM
last updated ‎June 04, 2019 2:18 PM
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jerry2000
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I make payments to an IUL retirement/life insurance plan, can I deduct those payments?

No. That is not a deductible expense.

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‎June 4, 2019 2:18 PM
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jerry2000
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I make payments to an IUL retirement/life insurance plan, can I deduct those payments?

No. That is not a deductible expense.
‎June 4, 2019 2:18 PM
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Jorgeedgardo23
New Member

I make payments to an IUL retirement/life insurance plan, can I deduct those payments?

You can't deduct those payments from the IUL because they are not retirement plans. You got a Life Insurance Contract and life insurance is not designed for the purpose of Retirement.  

‎August 1, 2023 9:16 PM
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