Damien and Jennifer are shareholders of Aurora Inc., each of them holding

$50\%.$ They have prepared a buy$-$sell agreement between them which is

funded by criss$-$cross life insurance. The shareholders' marginal tax rate is

$45\%.$

What percentage of the premiums will Damien and Jennifer be able to deduct

from their income tax?

$0\%.$

$45\%.$

$50\%,$

$100\%.$