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.
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Compounding Interest
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Revocable Trust
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Statement of Accounts (SOA)
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Lifestyle Inflation
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