The IRS States That the Value of Life Insurance Proceeds

Multiple Choice

The IRS states that the value of life insurance proceeds will be included in the insured's gross estate if the policy proceeds are payable to __________.

A) The insured's estate, in either a direct or indirect fashion
B) Named beneficiaries, if the insured possessed an ownership interest in the policy at the time of their death
C) Both A and B
D) Neither A nor B