Question: David owns a $ 5 0 0 , 0 0 0 life insurance policy with his wife as the beneficiary. From a tax standpoint, which

David owns a $500,000 life insurance policy with his wife as the beneficiary. From a tax standpoint, which of the following is NOT TRUE?
At David's death, the death benefit will not be subject to probate
At David's death, the death benefit will be subject to income tax
At David's death, the death benefit will not be subject to income tax
At David's death, the death benefit will be included in his estate
David owns a $500,000 life insurance policy with his wife as

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