The decedent dies owning a life insurance policy. The decedent is the owner and the insured on this contract. The death benefit value of the policy is $1 million. The cash value of the policy is $100,000. The total premiums paid on the policy prior to the decedents death are $300,000. What value of this life insurance policy will be included in the decedents gross estate.

a. $1 million.

b. $900,000.

c. $700,000.

d. $100,000