Rebecca Is the Beneficiary of a $500,000 Insurance Policy on Her

Rebecca is the beneficiary of a $500,000 insurance policy on her husband's life. She elects to receive $52,000 per year for 10 years rather than receive the entire amount in a lump sum. Of the amount received each year

A) $5,000 per year is tax free as a death benefit.
B) $50,000 is taxable income.
C) $52,000 is taxable income.
D) $2,000 is taxable income.