Brenda transferred ownership of a whole life insurance policy on her life to an ILIT seven years ago and retained the right to borrow against the policy. When Brenda dies, the proceeds of the life insurance policy are: A. Included in Brenda’s federal gross estate if she has any outstanding loans against the life insurance policy. B. Included in Brenda’s federal gross estate if Brenda continued paying the policy premiums after the life insurance policy was transferred to the ILIT. C. Never included in Brenda’s federal gross estate. D. Always included in Brenda’s federal gross estate.
Answers: 2
Another question on Business
Business, 20.06.2019 18:04
How do patents and copyrights encourage innovation? they limit the number of inventions an individual may patent or copyright, so more people can invent things. they prevent inventors and other creative people from making huge profits, thus keeping prices low for consumers. they grant companies the right to copy the inventions and creative works of individuals at little or no cost. they give inventors and writers exclusive rights to make and sell their inventions and works, possibly making large profits?
Answers: 2
Business, 21.06.2019 13:50
Which of the following pairs is most similar to each other?
Answers: 2
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
Business, 22.06.2019 20:00
Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?
Answers: 1
You know the right answer?
Brenda transferred ownership of a whole life insurance policy on her life to an ILIT seven years ago...
Questions
History, 22.12.2019 18:31
Health, 22.12.2019 18:31
Biology, 22.12.2019 18:31
History, 22.12.2019 18:31
Physics, 22.12.2019 18:31
English, 22.12.2019 18:31
Biology, 22.12.2019 18:31
Biology, 22.12.2019 18:31
History, 22.12.2019 18:31
Mathematics, 22.12.2019 18:31
Mathematics, 22.12.2019 18:31
