Katrina receives an offer to buy a box of candy through the mail each month. The letter says that she will begin receiving candy immediately and that she will be billed for all candy sent. She must send written notice within seven days of receipt of the letter if she does not want to begin receiving candy. Katrina does not send a letter. Katrina's silence:

a. constitutes a revocation of the offer.
b. constitutes acceptance of the offer.
c. constitutes a counteroffer.
d. does not constitute an acceptance of the offer.

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?