Barbara Was the Legal Owner of a $100,000 Life Insurance

Barbara was the legal owner of a $100,000 life insurance policy on herself. Glenna is the stated beneficiary. Shortly before her death, Barbara transfers ownership of the policy to Glenna for $15,000. Glenna makes one premium payment in the amount of $1,000 before Barbara dies. Glenna subsequently receives the $100,000 life insurance proceeds. How much of the $100,000 is taxable to Glenna?

A) $- 0 -
B) $15,000
C) $84,000
D) $85,000
E) $100,000