Which of the following rights will not cause an insurance policy to be included in the gross estate of the owner/insured if retained within the three years prior to the death of the owner/insured assuming the policy was in an ILIT? The right to borrow against the cash value of the policy. The right to assign the policy, but only to a qualified charity. The right to surrender the policy, but only in case of terminal illness. The right to change the name of a charitable beneficiary to another charitable beneficiary.

Which of the following rights will not cause an insurance policy to be included in the gross estate of the owner/insured if retained within the three years prioe to the death of the owner/finsured assurning the policy was in an lut? The right to borrow against the cavh value of the policy. The right to assign the policy, but only to a qualified charity. The richt to surrender the policy but only in case of terminal alinew. The right to change the rame of a charitable beneficiary to another charitable beneficiary