Program Requirements: 1  Must be at least 18 years of age. 2  Must have a high school diploma or a graduate equivalency diploma (G.E.D.) 3  Must provide proof of Level II criminal background screening prior to enrollment.  Must provide proof of current 1  immunizations. Must provide proof of annual tuberculin skin test  (PPD)
Life insurance policy premiums do not typically qualify as eligible income tax deductions. However, in certain situations involving employee benefits and other corporate arrangements, some of the premiums paid may be tax deductible.
When you die, your life insurance death benefit is added to the value of your estate. If it is over the estate tax limit, the money is taxable. Your life insurance money, if tied up in a permanent policy, can be taxable during your life. Some permanent policies build up cash value that you can pull from while you are living. At the beginning, this money comes from your premium payments. However, the insurance company invests this money and it grows over time.