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) Karl was the owner of a life insurance policy with a face value of $3,000,000. He was about to cancel the policy when he
) Karl was the owner of a life insurance policy with a face value of $3,000,000. He was about to cancel the policy when he met his untimely death. He inadvertently stepped into an open elevator shaft and fell 38 stories to a violent, screaming death. Afterward, the life insurance proceeds were paid to Karls, bitter, vindictive shrew of an ex-wife, Dawn. How much of the life insurance proceeds would be eligible for the marital deduction?
a: $3,000,000
b: $0
c: $1,500,000
d: some other amount (your answer:_________________)
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