68. How much is to be included in the gross estate from the proceeds of life insurance? MoonLife Insurance - Inday (wife) irrevocably designated as beneficiary - Php 1 Million PhilCam Insurance - Executr of Nicanor is revocably designated as beneficiary - Php 1 Million ProLife OK Insurance - Estate of Nicanor is the revocably designated as beneficiary - Php 1 Million SunDeath Insurance - Junior (son) revocably designated as beneficiary - Php 1 Million Answer:_____________

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter18: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 29CE
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68. How much is to be included in the gross estate from the proceeds of life insurance?

  • MoonLife Insurance - Inday (wife) irrevocably designated as beneficiary - Php 1 Million
  • PhilCam Insurance - Executr of Nicanor is revocably designated as beneficiary - Php 1 Million
  • ProLife OK Insurance - Estate of Nicanor is the revocably designated as beneficiary - Php 1 Million
  • SunDeath Insurance - Junior (son) revocably designated as beneficiary - Php 1 Million

Answer:_____________

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