If Janice were to name Carolyn as the beneficiary of the life insurance policy on her mother, and then her mother dies, the tax consequences would be:
a) Janice would be subject to gift taxation for a gift to her daughter
b) Janices mother would be subject to gift taxation for a gift to her daughter
c) Janices mother would be subject to generation-skipping taxes for a gift to her granddaughter
d) None of the above
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