LJ buys a life insurance policy on his son Jaylen so that his grandson Tyreke will have an inheritance at his (Jaylen's) death. The contract is structured as such:

Owner is LJ

Insured is Jaylen

Beneficiary is Tyreke

The structure of this contract violates The _____ Rule and will likely make the proceeds taxable at Jaylen's death if LJ is alive at that time.

Please give proper answer with explanation