Which of the following statements concerning the federal income tax treatment of the payout from a life insurance policy is correct? A. The full amount of a lump-sum payment of the policy's cash surrender value before the insured's death will be taxable as ordinary income. B. If the policy's cash surrender value is placed under the fixed amount option, each installment payment will be fully taxable as ordinary income. C C. The lump-sumpayment of the policy's proceeds to the policy's beneficiary upon the insured's death will result in no taxable income for anyone. D. A settlement option payout of a life insurance policy's death proceeds will result in no taxable income for the beneficiary