If a Grantor Transfers a Life Insurance Policy to an Irrevocable

question 92

True/False

If a grantor transfers a life insurance policy to an irrevocable trust within three years before the grantor's death,the policy will not be included in the estate.

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Definitions:

Major Premise

In deductive reasoning, the overarching statement or proposition from which a logical conclusion is drawn.

Minor Premise

The secondary or specific statement in a syllogism that, together with the major premise, leads to a logical conclusion.

Categorical Syllogisms

A form of reasoning consisting of three propositions: two premises and a conclusion, involving categories or groups.

Forms

The visible shape or configuration of something, also used philosophically to denote the essential characteristics of things or ideas.