In 2017, Lisa was required to transfer a life insurance policy where she was the owner to her ex-wife Julie, pursuant to the divorce decree. She was also required to continue paying the premiums and the decree states they are deemed spousal support. What are the tax consequences? a. Lisa will be able to deduct the insurance premiums as spousal support.

b. Lisa will have to recognize gain on the transfer of the policy.

c. Upon Lisa's death, Julie will have to include the insurance proceeds in her gross income.

d. Julie will have to recognize gain on the transfer of the policy.