During his life, Rick creates an irrevocable trust into which he transfers his existing life insurance policy. The beneficiary of the life insurance is a trust. The beneficiaries of the trust are Rick's children. Rick died two and a half years after the creation of the trust. Based on this information, which of the following statements is true?

A) The trust property qualifies for the marital deduction

B) The trust property becomes part of his gross estate upon Rick's death and is subject to federal estate tax.

C) The trust property doesn't become part of Rick's gross estate but is nevertheless subject to federal estate

D) The trust property avoids federal estate tax because it never becomes part of Rick's gross estate.