Who is referred to as the person to whom a right under a policy is transferred?

The person to whom a right under a policy is transferred is known as the assignee. This role is integral in the context of insurance policies, particularly regarding the assignment of benefits or rights. When a policyholder, or assignor, transfers their rights or benefits under a policy to another individual or entity, that recipient becomes the assignee.

The assignee now has the legal authority to receive or control certain benefits from the policy, which may include the right to collect death benefits, cash values, or make changes to the policy. This transfer can occur for various reasons, such as personal financial planning or fulfilling obligations to creditors.

The assignor is the original policyholder who transfers the rights, while the policyholder is the individual or entity that owns the policy. "Transferred owner" is not a standard term used in this context, which makes the designation of assignee as the correct answer clear and appropriate. Understanding these terms is crucial for navigating insurance contracts and ensuring that rights and responsibilities are correctly assigned.