Carter is the owner and CEO of Wordsworth Industries, Inc. The corporation has purchased a $4 million key person life insurance policy on Carters life and is the beneficiary of the policy. Which of the following statements are correct?

A. The $4-million death benefit will be included in Carters gross estate. B. At Carters death his beneficiaries will receive the cash value of the policy and Wordsworth Industries will receive the remaining death benefit amount. C. Wordsworth Industries will receive the $4-million death benefit, which could be subject to a corporate-level alternative minimum tax. D. Wordsworth Industries will have an increasing death benefit and Carter will have a decreasing death benefit amount. Gil and Nick are equal partners in a pest control business they started after high school. Their company, Bug-B-Gone, is an unincorporated business that has been in operation for 28 years. Both partners are married, and neither Gil nor Nick wants any ownership or control of the business from the other partners family when one of them dies. Which technique is best suited for this purpose?

A. A Code section 6166 plan B. Code section 303 redemption C. A selective pension plan D. A cross-purchase agreement