Frank was the beneficiary of a $200,000 insurance policy on his mothers life. Franks mother died December 1, 2016. On June 1, Frank had sold the policy to his brother Carnell for $100,000. From June 1, 2016 to December 1, 2016 Carnell paid the premiums on the policy totaling $6,000. Which of the following statements is true?

	A.	Carnell includes $200,000 in income because he bought the policy from Frank
	B.	Carnell excludes $200,000 from income under I.R.C. section 101
	C.	Since Frank owned the policy for 11 months of 2016, he must include $94,000 of the proceeds in his income.
	D.	Carnell excludes $106,000 of the proceeds from income