Metlock Consulting uses the cash basis of accounting and a fiscal year ending December 31. Beginning on September 1, 2021, Metlock performs services for Grouper International at a rate of $4,500 per month. On February 12, 2022, Grouper pays Metlock $22,500 in full for all services rendered from September 1, 2021 to January 31, 2022. Metlock understated revenues by on its 2021 income statement (if he were to use the accrual basis of accounting).

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?