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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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