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.
Taxation. The IRS doesn't tax the gains on life insurance as long as the gains stay in the policy. If you use your dividend to buy more life insurance, pay off a loan or reduce your future premium, you won't owe any income tax. If you ask the company to mail you a check, you could owe taxes.