Jenn Sinrich is a freelance editor, writer and content strategist located in Boston, Massachusetts. She received her BA in journalism from Northeastern University and has more than a decade of experience working as an on-staff editor for a myriad of publications including WhatToExpect.com, American Baby, FitPregnancy and Parents. She took the leap of faith to go full-time freelance in the summer of 2017 and has never looked back. She now contributes regularly to a variety of online and print publications including SELF, Parents, Women's Health, BRIDES, Martha Stewart Weddings and more. When she's not putting pen to paper (or, really, fingers to keyboard), she's enjoying the most precious moments in life with her husband and daughter. Find her on LinkedIn.
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Life insurance
Is Life Insurance Tax Deductible?
Many people wonder whether life insurance is tax deductible. The answer is usually no, but there are some exceptions.
By Jenn Sinrich
Term Life Insurance Policy Series ICC22 2205-4004 WSA and Accelerated Death Benefit Rider policy series ICC22 2205-2623 WSA (and state variations where applicable) issued by Western-Southern Life Assurance Company, Cincinnati, OH which operates in DC and all states except NY, and distributed by Gerber Life Agency, LLC using Fabric Technologies. Gerber Life Agency, LLC is an affiliate of Gerber Life Insurance Company (est. 1967). All are members of Western & Southern Financial Group (Western & Southern). Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Product provisions, availability, definitions and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.
All sample pricing is based on a 30-year old F in Excellent health for the coverage amount shown and a 10-year term policy, unless otherwise stated. Gerber Life Agency, LLC (GLA) is an insurance agency licensed to sell life insurance products. GLA will receive compensation from Western-Southern Life Assurance Company for such sales. The NAIC Company Code for Western-Southern Life Assurance Company is 92622.
Western-Southern Life Assurance Company's A+ Superior A.M. Best Rating: Superior ability to meet ongoing insurance obligations (second highest of 13 ratings; rating held since June 2009). Ratings are subject to change from time to time. The ratings shown here are correct as of 09/03/2022. For more information about a particular rating or rating agency, please visit the website of the relevant agency.
Plan like a parent. is a trademark of Fabric Technologies, Inc.
Gerber Life is a registered trademark. Used under license from Société des Produits Nestlé S.A. and Gerber Products Company.
In the State of California, Gerber Life Agency, LLC is known as and does business as Gerber Life Insurance Agency, LLC.
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