What is policyholder?
Also known as: Policy owner
Definition
Educational information only. Last reviewed August 25, 2026.
How it works in Canada
The owner is not necessarily the insured or the payer. For business planning, ownership determines taxation, access to cash value and treatment on death, so it should be set before the policy is issued.
Example
A corporation can own a policy on a shareholder's life; the corporation is the policyholder and the shareholder is the insured.
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Written and reviewed by CanadaGFI.ca Editorial Team
Licensed insurance and financial professionals contributing to CanadaGFI.ca
Published and last reviewed August 25, 2026. Read our editorial policy and disclosures.
This page is educational information about Canadian financial concepts. It is not personalized financial, tax, insurance or legal advice, and it does not consider your individual circumstances. Product availability, eligibility, pricing and tax treatment depend on the provider, your situation and current Canadian rules. Speak with a professional licensed in your province before acting.
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