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.
If your employer contributes any portion of the premium, and receives any portion of the death benefit, that portion is taxable to the company. If you pay the premiums for your life insurance with pretax money, and your beneficiaries receive more than $50,000, that excess payout is taxable.