There are some special rules for life insurance. You'll most likely have to report them as wages, but that's dependent on what kind of policy it was, which I don't know.
IRS Publication 525, Taxable and
Nontaxable Income addresses life insurance and the different ways it can be paid. The only way to be totally sure if it's subject to SE tax is to look at what specifically it's paid for.
I suggest doing a search on the term "life" in the above publication. There are 76 instances of the word, but only about five that really matter.
If you are subject to SE tax, you won't owe anything because $418 * 92.35% =386, which is under the limit for payment of the tax.
