Nathaniel was recently diagnosed with a brain tumor and it has been determined by his doctor that he is $$terminally ill$$ and has less than $2$ years to live. Nathanial owns a life insurance policy with a face value of $$500,000.$ He sells his insurance policy for $$440,000.$ How much income must Nathaniel report related to his sale?

Group of answer choices

$$440,000$

$ $0$

$$220,000$

$$500,000$