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.
1 The policyâs death benefit is taxable for three years after transfer. 2  If you transfer an existing life insurance policy to a trust but die within the next three years, the death benefit is still subject to estate taxes. 3  To avoid this, you can have the trust purchase the policy from the start, so there is no transfer.