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7 Question 15 (1 point) Shirley purchased a life insurance policy in 1995 with the following characteristics: Death benefit: Motal of premiums pald: Cash surrender

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7 Question 15 (1 point) Shirley purchased a life insurance policy in 1995 with the following characteristics: Death benefit: Motal of premiums pald: Cash surrender value: NOP: $200,000 $22,000 $16,000 $14.500 In the event of a disposition of the policy, any policy gain is taxable. What is the policy gain? La 56.000 W $7,500 Od 58,500 Od 516.000

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