In the insurance world, a policyholder — which you may also see written as “policy holder” (with a space) — is the person who owns the insurance policy . As a policyholder, you are the one who purchased the policy and can make adjustments to it. Policyholders are also responsible for making sure their premiums get paid.
The life insurance policy owner is the person who pays for the policy and has control to cancel or change it . Either the person whose life is insured or the beneficiary can own the policy — and joint policies can have more than one owner.