Found the Answer in Pub 535.
When To Deduct Premiums
You can usually deduct insurance premiums in the tax year to which they apply.
Prepayment. You can't deduct expenses in
advance, even if you pay them in advance. This
rule applies to any expense paid far enough in
advance to, in effect, create an asset with a
useful life extending substantially beyond the
end of the current tax year.
Expenses such as insurance are generally
allocable to a period of time. You can deduct insurance
expenses for the year to which they are
allocable.
