First installment donald received this year is

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Donald had purchased a life insurance policy (premiums totaled $166,000) that paid $331,000 in the event of accidental death. The proceeds were payable to Darlene, who elected to receive installment payments as an annuity of $44,500 each year for a 22-year period. She received her first installment this year.

Reference no: EM131146358

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