Glossary

Policy Holder

DEFINITION

A policy holder, also called a policy owner, is the person who owns the insurance policy. This person may or may not be the one insured under the policy. Any claim or payout from the policy is paid to the policy holder.

ELI5

The policy holder is the person who owns the insurance plan. Sometimes that person is protected by the plan, and sometimes someone else is.

Other related terms

Bond Funds

Learn more

Index Fund

Learn more

Investment-linked Life Insurance

Learn more

Income Tax

Learn more