At her death Tricia owned a life insurance policy on her life that paid her daughter $500,000 upon her death. The policy was only valued at $25,000 prior to Tricia's death. What amount, if any, is included in Tricia's gross estate?

Multiple Choice

$500,000.

$25,000.

$25,000 if Tricia transferred ownership of the policy within three years of her date of death.

zerolife insurance proceeds due to the death of the decedent are not included in the decedent's gross estate.

zero if Tricia's daughter refused to accept the proceeds.