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Which of the following would be considered an arm's length transaction? Select one: a. Grace absolutely assigned a policy to her son when he graduated

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Which of the following would be considered an arm's length transaction? Select one: a. Grace absolutely assigned a policy to her son when he graduated from university. b. George is terminally ill and decided to sell his policy to an investor The amount received was approximately 60 % of the eventual death benefit. c. Chuck gifted a policy to his new daughter and new son-in-law as a wedding gift. d. Brad's wholly owned corporation purchased a life insurance policy on Brad. Brad I snow retiring and closing the business. He wants insurance coverage, so he purchased the existing policy from the corporation

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