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28. The designated beneficiary of a life insurance policy will receive the death benefit of the policy at the death of the insured. Why is
28. The designated beneficiary of a life insurance policy will receive the death benefit of the policy at the death of the insured. Why is the designation of the beneficiary not a completed gift for federal gift tax purposes? 34.With regard to the federal estate tax and life insurance, what is the three-year rule? 35.What provision allows the gift of premium payments to an ILIT to be eligible for the annual exclusion
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