Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

American College HS330 Exam - Topic 2 Question 122 Discussion

Which of the following statements concerning the inclusion and valuation of all or part of a commercial annuity in the estate of an annuitant is correct?
A) A life annuity with a period certain is includible to the extent of the present value of any remaining guaranteed payments.
B) An annuity is includible to the extent of the value determined by the special 10-year averaging rule.
C) If the executor elects the alternate valuation date an annuity is includible at its replacement cost 6 months after death.
D) A joint and survivor annuity is includible to the extent that the survivor paid the purchase price of the contract.

American College HS330 Exam - Topic 2 Question 122 Discussion

Actual exam question for American College's HS330 exam
Question #: 122
Topic #: 2
[All HS330 Questions]

Which of the following statements concerning the inclusion and valuation of all or part of a commercial annuity in the estate of an annuitant is correct?

Show Suggested Answer Hide Answer
Suggested Answer: A

by Juan at Mar 06, 2026, 11:05 AM

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Portia
2 hours ago
I feel confused about B. What's the 10-year rule?
upvoted 0 times
...
William
5 days ago
I think A is correct. Guaranteed payments matter.
upvoted 0 times
...
Julieta
10 days ago
Wait, can you really use the alternate valuation date for annuities?
upvoted 0 times
...
Gilma
16 days ago
D is interesting, didn’t know the survivor's contribution mattered!
upvoted 0 times
...
Lorrie
2 months ago
C sounds right, but I’d double-check the replacement cost part.
upvoted 0 times
...
Kami
2 months ago
I think B is misleading, the 10-year rule is not that straightforward.
upvoted 0 times
...
Candra
2 months ago
A life annuity with a period certain is definitely includible.
upvoted 0 times
...
Lino
3 months ago
Wait, can you really elect an alternate valuation date for annuities?
upvoted 0 times
...
Arletta
3 months ago
Joint and survivor annuities can be tricky, but I think D is correct.
upvoted 0 times
...
Cecily
3 months ago
Surprised to see the replacement cost option mentioned!
upvoted 0 times
...
Millie
3 months ago
I disagree, the 10-year averaging rule is more relevant here.
upvoted 0 times
...
Meaghan
3 months ago
A life annuity with a period certain is definitely includible.
upvoted 0 times
...
Dean
3 months ago
I think the alternate valuation date rule applies to assets, but I'm confused about how it relates to annuities and their valuation.
upvoted 0 times
...
Vallie
4 months ago
I practiced a similar question about joint and survivor annuities, but I can't recall the specifics on how the purchase price affects inclusion.
upvoted 0 times
...
Marjory
4 months ago
I'm not entirely sure, but I feel like the 10-year averaging rule is more related to income tax than estate inclusion.
upvoted 0 times
...
Elke
4 months ago
I remember something about life annuities and guaranteed payments, so I think A might be correct.
upvoted 0 times
...

Save Cancel