Rebecca is the beneficiary of a $500,000 insurance policy on her husband's life. She elects to receive $52,000 per year for 10 years rather than receive the entire amount in a lump sum. Of the amount received each year A) $50,000 is taxable income. B) $5,000 per year is tax free as a death benefit. C) $52,000 is taxable income. D) $2,000 is taxable income