11. Which of the following is true with respect to the income taxation of life insurance? a. Premiums are deductible from AGI ("below the line") if they exceed 5% of AGI. b. Death benefits are generally includible in the gross income of the recipient. c. Increases in cash surrender value are not included in gross income as they occur. d. Estate tax paid on death benefits is deductible on the final income tax return of the decedent. e. None of the above