Don and David are equal shareholders in D&D Corp. D&D is the policyowner and beneficiary of key person UL life insurance on each shareholder, with a face value $200,000 and investment account of $100,000 and and ACB of $50,000. Last week, Don died suddenly in a car accident. How will D&D Corp treat the life insurance payment they receive, so that David can make a tax-free withdrawal? Don and David are equal shareholders in D&D Corp. D&D is the policyowner and beneficiary of key person UL life insurance on each shareholder, with a face value $200,000 and investment account of $100,000 and and ACB of $50,000. Last week, Don died suddenly in a car accident. How will D&D Corp treat the life insurance payment they receive, so that David can make a tax-free withdrawal? $300,000 death benefit paid to D&D with 250,000 credited to Capital Dividend Account $300,000 death benefit deposited to the Capital Dividend Account and can all be withdrawn tax-free $200,000 death benefit received tax-free and all credited to Capital Dividend Account (CDA) $200,000 paid to D&D and taxable on withdrawal from corporation