Is Term Life Insurance deductible under Section 105 of the IRS code?

See this link http://www.irs.gov/taxtopics/tc502.html Toward the bottom of the page you will find:

Medical expenses include insurance premiums paid for accident and health or qualified long-term care insurance. You may not deduct insurance premiums for life insurance, for policies providing for loss of wages because of illness or injury, or policies that pay you a guaranteed amount each week for a sickness. In addition, the deduction for a qualified long-term care insurance policy's premium is limited. Refer to Publication 502 , Medical and Dental Expenses.