Minoru Suzuki, a lifelong smoker, is diagnosed with a chronic lung disease in 2021. While not life-threatening, Minoru now meets the IRC's definition for chronically ill. He has a $25,000 life insurance policy he has paid $5,500 in premiums towards and cashes it out for $7,200. His doctor recommends Minoru uses the proceeds to purchase a in-home ventilator that would help him breathe easier. Minoru, ever the wild child, decides instead to buy a new flamethrower in 2021. How much, if any, income does Minoru Suzuki have to recognize in income in 2021 due to cashing out his life insurance policy