Problem 14-56 (LO 14-3) Willie purchased a whole life insurance policy on his brother, Benny. Under the policy, the insurance company will pay the named beneficiary $100,000 upon the death of the insured, Benny. Willie names Tess the beneficiary, and upon Benny's death, Tess receives the proceeds of the policy, $100,000. Identify the transfer tax implications of this arrangement. points Required: a. At the time of purchase of the policy b. Upon Benny's death. Print (For all requirements, leave no answer blank. Enter zero if applicable.) Taxable gift made by Willie Taxable gift made by Benny Taxable gift made by Willie Taxable gift made by Benny