Jamal made an irrevocable assignment of a life insurance policy to create a life insurance gift trust to benefit his fourteen year old son, Keetan. Jamal died two years after the transfer. Which of the following is true?

a. Keetan cannot access trust proceeds until he is 21

b. Jamals purchase of the insurance is considered a gift of future interest that qualifies for the annual gift exclusion

c. The value of the policy will be included in Jamals estate

d. The trust is exempt from the Generation Skipping Tax