Claire, a widow, received the proceeds of a $150,000 life insurance policy on the life of her deceased husband. The policy was purchased by the husbands employer under a group policy and the employer had paid premiums of $60,000 on the policy. Claires husband had included $500 in gross income from the group term life insurance premiums during the years he worked for the employer.Calculate the amount, if any, that Claire must include in income upon receipt of the $150,000 proceeds. Explain