Question

In which of the following situations will the annuity's value be included in the deceased annuitant's estate?

a. If the annuitant dies during the annuity or payout phase with any remaining value.
b. If the annuitant dies during the payout phase of an annuity with any remaining values, those values will be included in the annuitant's estate.
c. For all of the other answer choices, there would be zero remaining value and therefore nothing would be left to include in the estate.

Answer 1

In the given question, the value of an annuity included in the deceased annuitant's estate is discussed in different situations. The correct situation is when the annuitant dies during the annuity or payout phase with any remaining value.

Step-by-step explanation:

In the given question, we are discussing the situations in which the value of an annuity is included in the deceased annuitant's estate. An annuity is a financial product that provides a fixed sum of money to the recipient either as a lump sum or in regular installments.

According to the given options, if the annuitant dies during the annuity or payout phase with any remaining value (option a), or if the annuitant dies during the payout phase with any remaining values (option b), those values will be included in the annuitant's estate. This means that in both these situations, the value of the annuity will be considered part of the deceased annuitant's estate.

Therefore, the correct option is a. If the annuitant dies during the annuity or payout phase with any remaining value.