The person who controls all rights granted by a life insurance policy is called the

Question

Quizplus · Accepted Answer

The policyholder is the person who owns and controls the life insurance policy. They are responsible for paying the premiums and choosing the beneficiaries. The insured is the person whose life is being insured, and the beneficiary is the person or entity who receives the benefits of the policy upon the insured's death. The contingent beneficiary is a secondary beneficiary who receives benefits if the primary beneficiary is unable to do so.

The Person Who Controls All Rights Granted by a Life