MANAGEMENT

Detailed explanation-1: -A policyholder is a person who has purchased the insurance policy. Thus a policyholder is the owner of the policy and is the name that goes into the records of the company. Most often, the policyholder is the one who is insured in the policy as well.

Detailed explanation-2: -The owner is the person who has control of the policy during the insured’s lifetime. They have the power, if they want, to surrender the policy, to sell the policy, to gift the policy, to change the policy death benefit beneficiary. They have absolute control over the policy during the insured’s lifetime.

Detailed explanation-3: -Policyholder is another way of saying “policy owner.” If you buy an insurance policy in your own name to insure your own stuff, you’re the holder of that policy: the policyholder. Policyholder is the same as named insured.

Detailed explanation-4: -The owner of a life insurance policy is called the policyholder, and this is the person who pays for and has control over the life insurance policy. The owner has full control and responsibilities including: Paying the policy premiums.

Detailed explanation-5: -A policyholder is a person who has an insurance policy with an insurance company.