A policyholder is the person who owns and has purchased an insurance policy. They are responsible for paying the premium, which is the monthly cost charged by the provider for their insurance policies. The policyholder has control over the policy and is the only one who can alter it by changing the beneficiaries or adding insured individuals. The policyholder is also responsible for making sure premium payments are up-to-date. In most cases, the policyholder is the only person who can change the policy. The policyholder is also responsible for ensuring that the policy remains active by paying the associated premiums on time. The policyholder can add more people to the policy, depending on their relationship. The policyholder is also the owner of the policy, also called the named insured, and they get all the benefits the policy offers.