Proceeds of Life Insurance Paid to the Decedent's Estate Due

question 86

True/False

Proceeds of life insurance paid to the decedent's estate due to the death of the decedent are included in the decedent's gross estate even if the decedent had no ownership rights in the policy at the time of death.

---

Definitions:

Fungal Contamination

The unwanted presence of fungi in materials or environments, which can lead to spoilage or health hazards.

Sweet Potato

A nutritious root vegetable known for its sweet taste and orange flesh, rich in vitamins, minerals, and antioxidants.

Normal Population

Refers to a population distribution that follows a bell-shaped curve, characterized by its symmetrical shape and where most observations cluster around the mean.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, commonly denoted by alpha (α) and used as a threshold for determining statistical significance.