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.
Premiums paid for group life insurance coverage up to $50,000 are not considered income to the employee and are entirely deductible by the employer as an ordinary business expense. For coverage amounts over $50,000, a portion of the premiums paid by the employer are considered income to the employee. Using the Uniform Premium Table in IRC Section 79, the dollar amount added to the worker's taxable income is calculated based on the employee's age and the size of the life insurance policy.