Lila Is the Owner and Beneficiary of a Policy on the Life

question 6

True/False

Lila is the owner and beneficiary of a policy on the life of her husband,Austin.Upon Austin's prior death,the insurance proceeds paid to Lila qualify for the marital deduction.

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Definitions:

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, language, or lineage.

Customs

Traditional practices, behaviors, or rituals that are specific to a particular culture, society, or community.

Values

Core beliefs or standards that guide behavior and decision-making for individuals or groups.

Ethnic Enclave

A geographic area with a high concentration of people from the same ethnic group, creating a community with cultural distinctiveness.