Taxpayer elected to receive the proceeds of a $100,000 face value life insurance policy on the life of her husband, who died in 205, in ten annual installments of $13,600 each, payments to commence immediately. How much, if any, of the $13,600 received in 207 should Taxpayer recognize as income on his/her 20x6 federal income tax return?

3,600 13,600 0 10,000 None of the above