Who is the person or entity that owns an insurance policy, also called the policy owner?

• A. Beneficiary
• B. Policyholder
• C. Insurer
• D. Insured

Answer: (B)

Ownership of an insurance policy goes to the policyholder. This person or entity has the rights to control the policy: paying premiums, naming or changing beneficiaries, adding riders, and even surrendering or borrowing against the policy if there’s a cash value. The insured is the person whose life or risk is covered, which can be the same as the owner but isn’t required. The beneficiary is who receives the payout, not the one who owns the policy. The insurer is simply the company that issues the policy. A common real‑world setup is when a parent buys a policy on a child—the parent is the policyholder, the child is the insured, and the beneficiary is typically the child or another designated person.