Who is referred to as a "policyholder"?

A policyholder is defined as an individual or entity that owns an insurance policy. This means they are the ones who have entered into a contractual agreement with the insurance company to receive coverage in exchange for premium payments. The policyholder has the right to make decisions regarding the policy, including changes to coverage, beneficiaries, and more.

Understanding this term is essential as it establishes who holds rights and obligations under the insurance contract. The other options discuss various roles related to insurance but do not encapsulate the definition of a policyholder. For instance, the insurance company is the provider of the policy, beneficiaries are individuals designated to receive benefits upon triggering events, and financial advisors may assist in selecting policies but do not own them. Thus, recognizing the specific role of the policyholder is fundamental in discussing the rights and responsibilities within an insurance framework.