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Arthur owns a life insurance policy on himself with a face value of $1.75 million and a cash value of $250,000. His wife and four

Arthur owns a life insurance policy on himself with a face value of $1.75 million and a cash value of $250,000. His wife and four children are beneficiaries of the policy. If Arthur died today, what amount of life insurance proceeds would be included in his probate estate?

A)

$50,000

B)

$250,000

C)

$1.75 million

D)

$0

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