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.
If you are receiving your life insurance proceeds on a payment plan, you will be paid interest on the amount of the death benefit that has not yet been paid to you. The interest (not the payments, just the interest) will be charged income tax and generate a 1099.nder current rules, life insurance proceeds are not taxable. Therefore, life insurance companies do not issue 1099's. There is no need to do so. They are not reportable income to the IRS. This is one substantial advantage of life insurance, over other places to put your money. Thank you.