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Difference Between a Policyholder and an Insured
Definition: A policyholder is the person who buys and owns the policy, while the insured is the individual whose life or assets are covered against risks under the policy.
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Steps You Need to Follow to Get Insured
Understand insured vs. policyholder - Remember, the insured is the person whose life is covered, while the policyholder owns the policy. For example, you can buy a policy for your spouse, making them the insured while you remain the policyholder.