Life Insurance in the Gross Estate
Which of the following assets would be included in Martin’s gross estate?
- Life insurance on Martin’s life purchased one year before he died by the trustee of Martin’s irrevocable life insurance trust.
- Life insurance on Martin’s life purchased by Martin’s wife two years before he died.
- Life insurance on Martin’s life purchased three years before he died by the company Martin owned.
- Life insurance on Martin’s wife’s life purchased by Martin four years before he died.