15. Assume Devon transfers ownership of the life insurance policy on his life to an Irrevocable Life Insurance Trust (ILIT) and retains the right to borrow against the policy. Assume Devon dies five years later. Which of the following is correct regarding the treatment of the proceeds of the life insurance policy? a. The proceeds will be included in Devon's federal gross estate if he has any outstanding loans against the life insurance policy. b. The proceeds will be included in Devon's federal gross estate if Devon continued paying the policy premiums after the life insurance policy was transferred to the ILIT. c. The proceeds will never be included in Devon's federal gross estate. d. The proceeds will always be included in Devon's federal gross estate