Monty owns a life insurance policy that will pay $500,000 to Pearlie, his spouse, upon his death. At the date of Monty's death, he had paid total premiums of $115,000 on the policy. In accordance with § 101(a)(1), Pearlie excludes the $500,000 of insurance proceeds. Discuss the relationship, if any, between the § 101 exclusion and the recovery of capital doctrine.