Reader’s Question:

Hi! I’ve been doing some self – research because I want to know about life insurance here in Loveland Colorado CO. I came across some terms like insured and policy holder. Are these terms the same?

Jason

Loveland, CO

Hi There Jason!

It’s good that you’re doing some research on life insurance in Loveland Colorado CO. Not a lot of people do that, you know. The terms insured are policy holder are the same persons and are interchangeable when they mean the same person.

Let me give you this scenario. Tiger gets a policy for himself, so he is the insured, and he is also the policy holder. But then, if Tiger’s mother Anna buys the life insurance for Tiger, then Anna is the policy holder but Tiger is the insured. So a policy holder is the person who enforces the policy as she or he is the one paying for the policy. The insured is the person who is the subject of the contract.

I hope this clears your mind well. Since, as you said, you’re new to life insurance, you might want to talk to a local agent in Colorado so you can get more information. Who knows, you might just get life insurance in Loveland Colorado CO too.

Before you buy anything though, I think you need to shop for life insurance rates in your area. You can use this website or other similar insurance websites which can give you free quotes by simply filling out the relevant form that you see in this page.