Insurance planning and risk management true or false4-8 Please answer as many as possible :) ! Thank you

4. Insurance owned on the life of another is valued in a decedent's estate at face value. 5. Life insurance proceeds in an irrevocable trust that are available to pay federal estate taxes will be includible in the decedent's gross estate. 6. The ability to change a beneficiary on a life insurance policy is an incident of ownership. 7. When a life insurance policy is transferred to an irrevocable trust, a gift is made subject to the gift tax. 8. There is no gain for income tax purposes when a life insurance policy matures at death where that policy was obtained by gift