the individual or firm in whose name an insurance policy is written; an insured.
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Using the InsurGrid platform, insurers can ask clients to upload information and within seconds be registered as a policyholder.
Yesterday, I spoke with Roger Crandall, CEO of MassMutual—which is a different animal from most companies in that it doesn’t have shareholders and is governed by its policyholders.
I received a visit from the policyholder who made a request for prompt payment.
Another method is to apply the bonuses towards making the sum insured payable in the lifetime of the policyholder.
In some offices the share or “bonus” falling to each policyholder is paid to him in cash; in others it is applied Bonuses.