an insured has life policy in the amount of 250,000 naming wife as beneficary. Upon his death, his beneficary decides not recieve the death benefit for sometime. When she finally receive the death benefit check, it is the amount of 250,530. Is any portion of the proceeds that the beneciary recieves taxable?
Options:

a) Yes, the entire amount of $250,530 is taxable.
b) No, none of the proceeds are taxable.
c) Yes, only the additional $530 is taxable.
d) It depends on the local tax regulations.