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Premiums are not deductible regardless of whether the insurance is government life insurance or regular commercial life insurance. Although life insurance premiums, as such, are not deductible, they may be deductible as the payment of alimony or as charitable contributions.
The deductibility of these premiums, is complicated, however. However, you cannot deduct premiums for a policy that pays for lost earnings due to sickness and disability. Check with your accountant or other tax advisor to make sure any deductions you take meet IRS requirements.