ca4cd267_inancial_analysis_manual200405__Expense_Item
[Expense is Necessary:] If it is a term policy on the life of the taxpayer only. [Notes/Tips] If there are whole life policies, these should be reviewed as an asset for borrowing against or liquidating. Life insurance used as an investment is not a necessary expense. [Expense Item] 
Life Insurance
IRS financial analysis manual200405
Expense Item