Sam has applied for a life insurance policy where he will be the policy owner and life insured. He is trying to decide between naming his sister, Marie, as the beneficiary of the policy or naming his estate as beneficiary and then providing a bequest to Marie through his will. To help Sam in his decision, identify which of the following statements is/are true?

1. If Sam's estate needs liquidity, naming the estate will provide the estate with cash upon satisfactory proof of Sam's death.

2. If Sam feels individuals may contest his will, he can ensure that Marie will receive the full insurance proceeds by naming her as beneficiary in the insurance policy.

3. By naming his estate as beneficiary, Sam will protect the insurance proceeds from any of his creditors.

4. By naming Marie as beneficiary, Sam will lose his privacy because the insurance carrier must provide Sam's estate with details of any insurance proceeds paid to a named beneficiary.

		1 and 2 only
		2 and 4 only
		3 and 4 only
		3 only