Successor And Beneficiary Difference. You can even direct your ira to an estate, trust, or a beloved charity. Understanding the difference between them can seem complicated, but it is quite simple.
The key difference between annuitant and beneficiary is that annuitant is an individual who invests in an annuity with the expectation of receiving a guaranteed income following the retirement whereas beneficiary is a person or a group of persons that receives a benefit or an advantage. What’s the difference between a beneficiary and a trustee? You can even direct your ira to an estate, trust, or a beloved charity.