Which of these options would result in the inclusion of life insurance policy proceeds in the insured's gross estate? 

A) The insured pays the monthly premiums. 

B) The insured is permitted to borrow against the policy. 

C) The insured's son owns a policy on the insured and the death benefit is payable to the insured's son. 

D) The insured transfers the policy to an irrevocable life insurance trust (ILIT), names the trust as the beneficiary, and dies five years later.

Answer rating: 100% (QA)

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