what means policy holder?

Question

More exactly, is the person who buy an insurance policy or is who is indemned by the policy?, its no always the same. Thanks.

Answer 1

If it's not a life insurance policy, then the policy holder is the "named insured" on the declarations page. That is the person who bought the policy, and the person who is covered.

If it's life insurance, it's the person who BOUGHT the policy, not necessarily the insured, or the beneficiary.

Answer 2

In life insurance, the policy owner or policy holder are interchangeable. This is the person who has control of the policy. It may or may not be the insured.

Answer 3

The policy holder is the person who owns the policy.

Answer 4

The person who buys the plan is the policy holder - also called guarantor in medical insurance - the other is the covered person.

Answer 5

Some anwers are contradictory. Here is what it is:

Policy holder is one who is insured. Not the one who purchased a policy (in case s/he purchased the policy on someone's behalf).

Answer 6

the policy holder is the one who bought the policy. the one who took out the policy.

Answer 7

As in an insurance policy - it is the person that is insured

Answer 8

How many cars are on the policy and who are they titled to? The policy has to be written in the Titled Owners name with all licensed drivers in the household being listed. When quoting coverage, we need to know if any driver has had an accident/violation regardless of fault in the last 3 yrs.

Answer 9

A person who has purchased an insurance policy is a policyholder.