Which of the following are included in the gross estate? Pr…

Which of the following are included in the gross estate? Proceeds from a life insurance policy owned by the decedent insured that was assigned to an ILIT two years before death of the insured. Life insurance policy of decedent owner that was transferred two years before death for full and adequate consideration. Premiums paid by decedent on a policy not owned by decedent.

Which of the following statements accurately describe a seco…

Which of the following statements accurately describe a second-to-die life insurance? It is generally not includible in any insured’s gross estate, if owned in an ILIT. It can provide liquidity to pay estate taxes at the death of the second insured. It pays a partial benefit at the death of the first insured to die (administrative and estate taxes) with the remainder paid in full at the second death. Premiums are usually less expensive than for individual policies on each of the two insureds for the same face amount.

Find the expected value of the number of times a newborn bab…

Find the expected value of the number of times a newborn baby’s crying wakes its mother after midnight. ( Let X be the random variable where, X = number of times the baby’s crying after midnight).    The probability that a newborn baby does not cry after midnight is  2/50.  The probability that a newborn baby cries once after midnight is  11/50.  The probability that a newborn baby cries twice after midnight is  23/50.  The probability that a newborn baby cries thrice after midnight is  9/50.  The probability that a newborn baby cries for 4 times after midnight is  4/50.  The probability that a newborn baby cries for 5 times after midnight is 1/50.