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. 1. What amount is included in Edies estate? 2. Is the policy part of Edies probate estate? Why or why not?