Question: Gib gave his $ 5 0 0 , 0 0 0 life insurance policy to his son one year before Gib died. Which is true?

Gib gave his $500,000 life insurance policy to his son one year before Gib died. Which is true?
Group of answer choices
One-third of the death benefit will be included in Gib's gross estate.
Two-thirds of the death benefit will be included in Gib's gross estate.
None of the death benefit will be included in Gib's gross estate.
The $500,000 death benefit will be included in Gib's gross estate.

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