Edie died last month owning a whole life insurance policy on her husband Robs life. The death benefit amount was $500,000 and the insurance company valued the policy at $80,000. Edie was the beneficiary of the policy and her son Manny was the contingent owner. Which of the following statements is correct?

Select one:

a. The amount included in Edies gross estate and probate estate is $80,000.b. The death benefit is included in Edies gross estate but not in her probate estate.c. Edies estate will include $80,000 for the value of the policy but a marital deduction is available to her estate to offset the tax.d. The policy will go through intestacy and probate at Edies death.