Gayla wants to ensure that her life insurance policy will not be in her probate estate but that the proceeds of the life insurance policy will be freely available to cover liquidity needs of the estate. Which of the following would best meet her needs?

Group of answer choices

Make her revocable living trust the owner of her life insurance policy.

Create an ILIT and give the policy to the trust.

Include these wishes in her will.

Name her estate the beneficiary of the policy.