Business, 15.10.2019 20:30 ijohnn15

Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness. after paying $18,300 in premiums, he sold the policy to a company that is authorized by the state of south carolina to purchase such policies. the company paid alfred $125,000. when alfred died 18 months later, the company collected the face amount of the policy, $150,000.as a result on the sale of the policy, how much is alfred required to include in his gross income?

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Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness. afte...

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