Life insurance proceeds are included in the gross estate if
A) the beneficiary is a family member
B) the policy is trust owned and controlled
C) the owner paid premiums with after-tax dollars
D) the proceeds are payable to the insured's estate or the insured had any incidence of ownership in the policy at time of death or transferred ownership within 3 years of death
Ans: D) the proceeds are payable to the insured's estate or the insured had any incidence of ownership in the policy at time of death or transferred ownership within 3 years of death
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