16. Four years ago, Tito transferred to his son ownership of a $250,000 life insurance policy that Tito purchased on his own life in 2000. The cash value of the policy on the transfer date was $35,000. Tito died on June 1st of this year. The amount included in Tito's gross estate due to the life insurance policy is A) $0. B) $25,000 C) $35,000. D) $250,000 1