Q: The policy has been in force for 5 years. Will the death benefit be included in John's estate? (Reference: The following details are for questions 16 through 18 [3 questions]). John has a Universal Life policy for $500,000 and based on the contract, here are the details. The primary beneficiary is his wife, Susan, and the kids are listed as the contingent beneficiaries The owner is Susan John, the husband is the insured The payor is John No, because his wife is the beneficiary Yes, because the probate courts have determined that ownership does not factor into estate inclusion. No, because it was not part of his estate for the preceding three years. Yes, because he is the insured