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11.Stephanie owns an 80% interest in ABC corporation. ABC corporation owns a life insurance policy on Stephanie's life and the corporation is named as the

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11.Stephanie owns an 80% interest in ABC corporation. ABC corporation owns a life insurance policy on Stephanie's life and the corporation is named as the beneficiary. The value of the policy proceeds is $800,000. At death, Stephanie's will include the life insurance policy as an interest in her gross estate. TRUE OR FALSE

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