5). Albert had a terminal illness which required almost constant nursing care for the remaining two years of his life, according to his doctor. Albert had a life insurance policy with a face amount of $100,000. Albert had paid $25,000 of premiums on the policy. The insurance company has offered to pay him $80,000 to cancel the policy, although the surrender value was only $55,000. Albert accepted the $80,000 and used $15,000 to pay his medical expenses. Albert then made a miraculous recovery and lived for another 20 years. What are the tax consequences for Albert when he cashed out the policy