Commercial life insurance has its own peculiarity in financial industry,but its business tax is levied according to the unified standard with other financial businesses.Unified standard inevitably causes different tax burden and the excess part of the commercial life insurance’s business tax may be paid by the insurance consumer through a higher premium rate.For consumers,on the same capital investment,different burden of taxation must influence their selection on different financial products.This paper selects the term life insurance (the most simple and common insurance product) as the breakthrough point,comparing with the banking industry,to see the balance in their business tax amount.In the paper,the author will calculate the term life insurance’s actual business tax base by the bank’s calculation method,and using China Life Table (2000-2003) to do empirical research.