Don is the sole shareholder of Production Corporation. The Corporation owns a policy of life insrance on Don's life, the proceeds of which are payable to Don's wife, the bebeficiary under the policy. What are the estate tax consequences of the policy when don dies?

A. The proceeds will be included in Don's gross estate

B The proceeds will not be included in Don's gross esstate, becuase producation corpation owns the policy

C. The proceeds will not be included in Don's gross estate becuase don's wife is not a controlling shareholder

D. The proceeds will not be included in Don's gross estate , because Don did not own any incidents of the ownership in the policy