What term refers to the new owner of the policy after the insured’s death?

The term "successor policyholder" refers to the new owner of the policy after the insured’s death. In life insurance and related policies, the ownership rights typically transfer to a designated individual or entity upon the passing of the insured. This designated individual or entity is considered the successor policyholder.

Understanding this concept is crucial in the context of property rights and beneficiary designations, as it ensures that the intended individual or entity can manage the policy after the original owner's death. The successor policyholder takes over all rights and responsibilities associated with the policy, including the ability to make changes, access funds, and continue the policy's benefits.

The other terms do not accurately describe this relationship. A contingent beneficiary refers to a secondary beneficiary who will receive benefits only if the primary beneficiary cannot. An assigned policyholder typically pertains to someone to whom the policy's benefits or ownership have been assigned during the insured's lifetime and does not necessarily transfer ownership after death. A policy executor generally refers to an individual responsible for executing the terms of a will or handling the estate, not specifically regarding ownership of an insurance policy following the insured's death.