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List the value of policy will be included in walter estate

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Walter owns a whole-life insurance policy worth $61,500 that directs the insurance company to pay the beneficiary $255,000 on Walter's death. Walter pays the annual premiums and has the power to designate the beneficiary of the policy (it is currently his son, James)

Problem 1: List the value of the policy, if any, will be included in Walter's estate upon his death?

Reference no: EM132928963

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