_____ 14.A taxpayer must not retain any incidents of ownership in a life insurance policy on his or her life to have it excluded from his or her taxable estate.

Question

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To have a life insurance policy excluded from the taxable estate, the taxpayer must not retain any incidents of ownership, including the right to change beneficiaries or borrow against the policy.

_____ 14A Taxpayer Must Not Retain Any Incidents of Ownership in in a Life