J transferred his life insurance policy to his son two years before his death. Which of the following is true

J transferred his life insurance policy to his son two years before his death. Which of the following is true


A) The interest portion of the policy will be included in J's taxable estate.

B) The unpaid premiums on the policy will be deducted from J's taxable estate.

C) Because the policy has been transferred, it will not be included in J's taxable estate.

D) The entire face value of the policy will be included in J's taxable estate



Answer: The entire face value of the policy will be included in J's taxable estate


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