When she died, Jill owned a life insurance policy on her life that paid her daughter $500,000 upon her death. The policy was only valued at $25,000 prior to Jill's death. What amount, if any, is included in Jill's gross estate?

		$500,000.
		$25,000 if Jill transferred ownership of the policy within three years of her date of death.
		$25,000.
		zero - life insurance proceeds due to the death of the decedent are not included in the decedent's gross estate.
		zero if Jill's daughter refused to accept the proceeds.