Marvin Was the Beneficiary of a $50,000 Group Term Life

Marvin was the beneficiary of a $50,000 group term life insurance policy on his wife.His wife's employer paid all of the premiums on the policy.Marvin used the life insurance proceeds to purchase a United States Government bond,which paid him $2,000 interest during the current year.Marvin's Federal gross income from the above is $2,000.