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.
Cash Value. Several options are available for cashing out a life insurance policy. If you withdraw the cash savings you've paid in premiums you will not have to pay taxes, but if you withdraw an additional amount -- cash gains -- you will have to pay taxes based on the rate you pay on your income taxes.