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If an employee participates in a Section 162 plan, the proceeds of the life insurance policy: a. Will not be included in his gross estate

If an employee participates in a Section 162 plan, the proceeds of the life insurance policy:

a. Will not be included in his gross estate at his death because one of the plan requirements is that the beneficiary be named irrevocably.

b. Must be paid directly to his estate.

c. Will be included in his gross estate since he owned the policy at his death.

d. Will likely qualify for the estate tax charitable deduction.

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