Yes, if you are self employed, you can replace your ordinary life assurance policy with what is known as a Pension Term Assurance policy and you will be entitled to claim tax relief on the premiums under the same rules which apply to personal pension contributions.
A Pension Term Assurance policy is a life assurance policy with two main restrictions i.e. the policy cannot be assigned to a mortgage or other loan and the policy cannot be taken out on a joint life basis.
This can therefore be a tax efficient method for the self-employed to pay for their cost of life assurance
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie