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.
Therefore, if your life insurance policy pushes your estateâs value over the threshold, then it becomes a taxable estate. In 2016, that threshold is $5.45 million. The life insurance proceeds are taxable if your estate is subject to estate tax, however, this is only true if you own your own policy. If your spouse or beneficiaries own the policy, if wonât be counted with your estate.