Policyholder
The person or organization that owns the insurance policy and has the contractual rights and responsibilities attached to it.
Also called
policy owner
What it means
The party that entered into and controls the policy, subject to its terms.
Example
A parent may own a life insurance policy covering a child and therefore be the policyholder without being the insured person.
Canada context
Insurance wording and mandatory coverage can differ by province, insurer and policy form. Read the declarations, endorsements and full policy wording that apply to you.
Common confusion
The policyholder, insured person, named insured and beneficiary can be different people.
Important
This plain-language explanation is general information, not legal advice or a substitute for your policy wording. Ask a licensed insurance professional about your situation.
Last reviewed August 17, 2026
Sources
General information only. Coverage and terminology can differ by province, insurer, and policy wording. Consult your policy and a licensed insurance professional.