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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If the grantor transfers a life insurance policy to an irrevocable trust within three years before their death, the policy will be included in the estate for estate tax purposes. This is known as the three-year rule.

If a Grantor Transfers a Life Insurance Policy to an Irrevocable